Market insights

D Day For Tariffs

Plenty of sabre rattling has led to nothing so far.

Earlier this week, the US President sent tariff confirmation letters to Japan and South Korea....both of which have remained firm in their resolve.

The upshot is extensions to delays on tariffs supposedly ending today.

However the day is young, and it's fair to say that not many know what's going to come out of the White House next, so watch this space.

In return, the markets remain in their quiet mode with no traders looking to take any large bets.

GBP versus EUR, USD, CAD, AED, SAR and others remain side tracking.

The variances come in the Southern Hemisphere where the Pound is in ascension versus the Japanese Yen, but up against it versus the Aussie Dollar.

The latter has been supported by an unexpected hold on their interest rate at 3.85% the other morning.

Looking ahead it's Friday morning that looks lively with a raft of data out of the UK at breakfast time.

GDP is reported at the same time as Manufacturing and Production numbers.

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Economic calendar

UK: Friday 07:00 GDP Report

UK: Friday 07:00 Manufacturing Numbers

UK: Friday 07:00 Production Numbers

As ever we look forward to keeping you in the loop and look out for our next update.

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