•Sterling
plunge in the battle for Scotland’s future!
•GBP/USD gapped approximately 0.90% down
after a poll showed that 51% of those who have made up their
mind planned to vote Yes, while
49% intended to vote No
•The
pound
may decline further as the voting date comes closer
•US
Employment data disappointed the market
•Non-farm
payrolls increased 142k missing expectations of a 230k increase,
ending a six-month above 200k prints
•
On the positive side, the unemployment rate declined to a
six-year low and the average hourly earning
accelerated
•The
dollar could regain its momentum given these positive signs
•Today:
•Germany’s trade and current account
surpluses are expected to increase in July
•UK: We get the Halifax house prices
for August and the forecast is for a slowdown in pace
•From
Canada, we
get building permits for July but no forecast is available.
•This
week’s highlights
•On
Tuesday,
Bank of Japan releases the minutes of its August 7-8 monetary policy meeting.
And we get the industrial production from the UK
•On Wednesday,
we havethe testimony
on the August inflation report of Bank of England Governor Mark Carney and
other MPC members to the Treasury Committee
•On Thursday, the spotlight will be
on the Reserve Bank of New Zealand policy meeting
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