Sterling is now 1% stronger against the euro and 0.88% stronger against the greenback.
Investor’s appetite for riskier assets is back as the threat of North Korean missile tests and Hurricane Irma’s damage to the US economy subside.
Market Reports are generated 3 times per day before the open of Tokyo, London and New York.
U.S. stocks rallied along with the dollar on sharply improved risk-on sentiment after President Trump signed a billion to raise debt limit.
Asian markets rebounded solidly on Monday as the lack of any activity in North Korea over the weekend helped melt risk sentiment from investor’s thoughts.
The investors were relieved on Monday as the hurricane Irma was downgraded to rate one tropical storm, and insured damage estimations were slashed