{"id":15588,"date":"2019-08-26T11:00:15","date_gmt":"2019-08-26T09:00:15","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.es\/?p=15588"},"modified":"2019-08-26T16:14:22","modified_gmt":"2019-08-26T14:14:22","slug":"la-eu-devuelve-la-pelota-a-boris-johnson","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/es\/la-eu-devuelve-la-pelota-a-boris-johnson\/","title":{"rendered":"\u00abLa EU devuelve la pelota a Boris Johnson\u00bb"},"content":{"rendered":"

GBP<\/strong> Sterling surged to its highest levels of the month yesterday afternoon, as Merkel and Macron served a two layered cake of warm words and offered Boris Johnson an opportunity to find a solution to the Irish border ……<\/p>\n

<\/p>\n

\n

Si desea recibir las principales noticias de ETFWorld.es suscr\u00edbase a nuestros Newsletters gratuitos. Haga clic aqu\u00ed para suscribirse gratuitamente<\/a><\/strong><\/p>\n

\n

Ranko Berich Responsable de An\u00e1lisis de Mercados en Monex Europe<\/strong><\/p>\n

\n

issue that has plagued Brexit negotiations.<\/p>\n

The two key developments this afternoon appear to be Macron hinting that the withdrawal agreement \u201ccan be amended while complying with the integrity of the single market\u2026\u201d and Merkel stating afterwards in the Hague that \u201cwe can work on finding a regime that keeps good Friday agreement and also ensures the integrity of the single market.<\/p>\n

Yesterday\u2019s price action underlines the extent to which Brexit is the sole driver of the currency \u2013 headlines that suggest no deal has become less likely, however marginal, have the potential to cause significant sterling rallies.<\/p>\n

Sterling has since pared back some of yesterday\u2019s gains.<\/p>\n

EUR<\/strong><\/p>\n

The euro has been knocked another leg lower this morning amid broad US dollar strength, after a choppy afternoon yesterday.<\/p>\n

Monetary policy meeting minutes were released by the ECB yesterday, and showed that governing council members discussed changing the institution\u2019s inflation target, as well as discussions of asset purchases combined with rate cuts. Italy\u2019s politics remained in crisis, as the various potential parties of government laid out their demands for entering into a coalition.<\/p>\n

New elections seemed likely, with Italy\u2019s President Sergio Mattarella saying that if a new government could not be formed quickly Italy would head to the polls.<\/p>\n

This weekend will see European leaders meet with the heads of other large economies in Biarritz, France, for the G7 summit.<\/p>\n

After US President Donald Trump ended the last meeting controversially after failing to endorse a joint communique, no such statement is planned, but there is plenty of potential for euro downside should Trump decide to talk up the prospects of a new front in the administration\u2019s trade wars.<\/p>\n

USD<\/strong><\/p>\n

The US dollar remains ascendant this morning, with only NZD managing to post any meaningful gains overnight.<\/p>\n

Fed chatter was mixed overnight, with Kansas City Fed president Esther George saying that she didn\u2019t think rates needed to fall in July \u2013 something we already knew from this week\u2019s FOMC minutes.<\/p>\n

Dallas Fed chief Robert Kaplan was less hawkish, saying that he was open to another cut in September. Fixed income markets continue to price in substantial action from the Fed \u2013 no less than 100bp of cuts over the next year.<\/p>\n

In the meantime, President Trump has maintained a steady stream of attacks calling for rate cuts, both personal and institutional, at the Fed and chair Jerome Powell.<\/p>\n

The US macro picture remains mixed: even though domestic demand and business investment are showing signs of weakening, wages are growing and consumers are spending, so 100bp of cuts could plausibly be seen as increasing inflationary risk.<\/p>\n

Jerome Powell will wade into this febrile environment today at 15:00 BST with a watershed speech at the Federal Reserve\u2019s annual symposium at Jackson hole.<\/p>\n

Although Powell is likely to try to steer clear of controversy by avoiding giving forward guidance on the likely path of rates, there is a chance he will be forced to address one of the many controversial issues facing the FOMC \u2013 and the US dollar.<\/p>\n

CAD<\/strong><\/p>\n

The loonie is broadly flat this week, despite a week of firm data releases including strong inflation and wholesale sales. Today at 13:30 BST, Retail Sales data will be released.<\/p>\n

The Bank of Canada\u2019s Poloz and Wilkins will be in attendance at the Jackson Hole symposium, but neither are expected to give speeches.<\/p>\n

Fuente: ETFWorld.es<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

GBP Sterling surged to its highest levels of the month yesterday afternoon, as Merkel and Macron served a two layered cake of warm words and offered Boris Johnson an opportunity to find a solution to the Irish border ……<\/p>\n","protected":false},"author":1,"featured_media":14035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[49],"tags":[123,130,78,75,107,76,115,77],"class_list":["post-15588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-divisas","tag-bce","tag-brexit","tag-cad","tag-eur","tag-fed","tag-gbp","tag-monexeurope","tag-usd"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"featured_image_urls_v2":{"full":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"thumbnail":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope-150x150.jpg",150,150,true],"medium":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope-300x225.jpg",300,225,true],"medium_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"1536x1536":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"2048x2048":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"ultp_layout_landscape_large":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"ultp_layout_landscape":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"ultp_layout_portrait":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"ultp_layout_square":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false],"mailpoet_newsletter_max":["https:\/\/www.etfworld.com\/es\/wp-content\/uploads\/2018\/06\/Berich_Ranko_MonexEurope.jpg",400,300,false]},"post_excerpt_stackable_v2":"

GBP Sterling surged to its highest levels of the month yesterday afternoon, as Merkel and Macron served a two layered cake of warm words and offered Boris Johnson an opportunity to find a solution to the Irish border …… Si desea recibir las principales noticias de ETFWorld.es suscr\u00edbase a nuestros Newsletters gratuitos. Haga clic aqu\u00ed para suscribirse gratuitamente Ranko Berich Responsable de An\u00e1lisis de Mercados en Monex Europe issue that has plagued Brexit negotiations. The two key developments this afternoon appear to be Macron hinting that the withdrawal agreement \u201ccan be amended while complying with the integrity of the single…<\/p>\n","category_list_v2":"Divisas<\/a>","author_info_v2":{"name":"Falco64","url":"https:\/\/www.etfworld.com\/es\/author\/falco64\/"},"comments_num_v2":"0 comentarios","_links":{"self":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/comments?post=15588"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15588\/revisions"}],"predecessor-version":[{"id":15589,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/posts\/15588\/revisions\/15589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media\/14035"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/media?parent=15588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/categories?post=15588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/es\/wp-json\/wp\/v2\/tags?post=15588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}