Speculative interest remains somewhat lackluster in this market ahead of the key Parliamentary vote on UK PM May’s Brexit deal next week.
In recent sessions, four Fed Presidents advised moderation and caution in the central bank’s rate policy this year. In addition to this, the meeting minutes from the Fed’s December meeting also struck a dovish tone.
The EU repeatedly stating that Brexit negotiations are not to be reopened, along with the UK government facing a defeat on the amendment to change the budget legislation .
The US and China resumed talks on trade Monday in Beijing, with President Trump expressing optimism about the outcome because of the damage being inflicted by US tariffs on China’s economy.
Friday’s non-farm payrolls widely exceeded expectations, adding 312k jobs in December compared to the 179k consensus. Average hourly earnings rose 0.4% last month, beating expectations of 0.3%, while the US unemployment rate ticked higher to 3.9% from 3.7%.