Hopes rise for US-China trade truce before a G20 summit this weekend, although investor sentiment remained fragile.
Category: Features
Five-month low for Sterling after the top contender to replace Prime Minister Theresa May reaffirmed his desire to take Britain out of the EU; with or without any agreement.
Monetary easing by the Federal Reserve knocked demand for the U.S. currency. The greenback fell to a three-month low against the euro.
G20 meeting, the imminent trade talks between China and USA and ears of an escalation in Iran tensions weighed on markets on Monday.
The Fed joined global peers signalling interest rate cuts beginning as early as July. The Fed’s rate signal came before meetings at other major central banks in Asia and Europe.