Also in the news...
Switzerland: providing services and travelling for business
Guidance for UK businesses on rules for selling services to Switzerland.
UK lands trade deal with South Korea to boost jobs and exports
UK lands momentous trade deal with South Korea to boost jobs and exports
New laws bring the world of work into the 21st century
Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.
Brilliant Borders: Kenya's Customs goes digital
A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.
Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Risk on as US and China agree to a trade war ceasefire.
Risk demand gapped higher overnight, in response to the US-China trade ceasefire announced over the weekend. The greenback opens slightly weaker this morning as a result, especially so vs. the commodity currencies.
In other news, oil gained +5% after Russia and Saudi Arabia extended their accord on oil production cuts, the effects of which have been seen mostly in the reaction of USD/CAD. < /p>
It’s a heavy data/risk event this week for the USD, with ISM Manufacturing PMI due today, Fed Chair Powell due to testify on Wednesday, another Powel speech on Thursday, and employment data on Friday.