MARKET UPDATE 22-Mar-19

The US dollar largely held onto the previous session’s gains in early Asian trade this morning, while the sterling edged up on news that Britain could leave the European Union without a Brexit deal at a slightly later date.

The Bank of England kept interest rates steady yesterday and said most businesses felt as ready as they could be for a no-deal Brexit.

Figures today showed Japan’s core consumer prices rose 0.7 percent in February from a year earlier, slowing from the previous month’s pace.

The data underlines the fragile nature of Japan’s economic recovery, as escalating U.S.-China trade frictions and slowing Chinese growth weigh on exports and business sentiment.

FX Rates 22.03.19

 

 

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