Fundamental weekend sound bites: CAD, Yen and GBP related
|There was three main weekend news for the forex space.
Firstly, Brexit is back on the radar with a report in the UK Times, that UK Prime Minister might have to accept permanent membership of a European customs union.
The PMS's team privately admitted to accepting permanent membership of a European customs union.
Then, looking to the Pacific, there has been a North Korean statement reported in the state media that the nation will suspend nuclear and missile tests effective immediately
and shut down a nuclear test site.
KCNA:"To guarantee suspension of nuclear tests in a transparent manner, the republic's northern nuclear test site will be abolished"
For the America's and Central Banks, the Bank of Canada's Governor Stephen Poloz was speaking on Saturday in Washington and said the BoC has a 1 to 3% range for inflation and does not mechanically raise interest rates when inflation goes above 2% target.
"What I don't want is for people to be spending this entire year asking me what I'm up to because inflation is above target...You need once in a while to remind people that there's a range and that's okay, the policy allows for this. We're not violating our target in some way," - Bloomberg with the news.
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