- GBP/EUR opened the day at 1.0863, traded a high of 1.0881, a low of 1.0837 and closed at 1.0837 representing a fall of 0.21%.
- GBP/USD opened at 1.2160, traded a high of 1.2191, a low of 1.2121 and closed at 1.2139 representing a fall on the day of 0.17%.
- The government is assuming that preparations for customs and regulatory checks from French authorities have decreased the predicted trade disruption from a no-deal Brexit.
- The Scottish Labour leader Richard Leonard said that there is ‘no case’ for a second Scotland referendum after suggestions from shadow chancellor John McDonnell that the party would not oppose a so-called indyref2.
- The UK food industry has asked the government to waive aspects of competition law to allow firms to co-ordinate and direct supplies with each other after a no-deal Brexit. (BBC News)
- Chinese trade balance data came in as expected at 310B overnight.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.7942, 1.8828 and 129.10, respectively.
- GBP/USD is up by a fifth of a percent this morning but continued to trade near 2 year lows.
- If new higher tariffs are applied to British milk in the case of a no-deal Brexit, approximately 45,000 dairy cows could be culled in Northern Ireland according to senior industry figures.
- There is no major economic data due to be released today.
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No economic data due today.