The chaos continues.
Asian stock markets start the week over 10% down, and lumps have been taken off the FTSE and the European stock markets.
Oil and crypto are also on the tumble, so it's a real downturn on the go as we speak.
Back to FX, and the currency markets are also positioning themselves with big moves.
GBP/USD, GBP/AUD and GBP/NZD are on the up whilst GBP/EUR is dropping heavily meaning it could be a good time to sell Euros to buy Pounds.
Even the much better than expected jobs data out of the US on Friday did little to steady the ship.
Over the next couple of days even the scheduled news might not have massive impact as the main moves are being triggered by the potential trade war.
Today sees Eurozone retail sales numbers out, then not much to report tomorrow before the New Zealand interest rate decision early Wednesday.
A quarter point cut to 3.5% is expected there.
Business news is littered with terms such as "chaos", "turmoil" and "bloodbath". That pretty much sets the tone of the outfall of the US tariffs.
EUR: 10:00 Retail Sales
NZ: Wednesday 03:00 RBNZ Interest Rate Decision
As ever we look forward to keeping you in the loop and look out for our next update.
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