As football fans the world over excitedly await the start of the “greatest show on earth”, investors were in expectant mood overnight as the US Federal Reserve delivered on their second interest rate hike of the year.
As if Theresa Mays job as PM leading the country through a Brexit process wasn’t hard enough already, Boris Johnson has landed her in even more of a tricky position after being ‘secretly’ recorded at a private dinner this week.
Despite the pound having a good day on Tuesday due to a slightly better than expected services PMI number it was the old headline favourite Brexit than put the markets on alert following a string of negative headlines yesterday afternoon which do not make encouraging reading.
The last two days have been very slow in markets with very little going on. But, the action is likely to start today with the UK inflation release this morning and the latest Fed meeting minutes this evening.
Yesterday was a quiet day in markets. I’m not quite sure whether that has anything to do with all of our Australian and New Zealand friends having the day off to celebrate Anzac day, but you never know.