GBPUSD “..my hunch is that there might be some serious short-covering to be done above 1.2800..” Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Barcelona erupts in fury over separatists Protestors fight the police late into the night

Two years after a referendum on Catalonia leaving Spain, this Monday the Supreme Court sentenced 9 leaders of the separatist movement to up to 13 years in jail. Demonstrations against the decision started on Monday and picked up the pace yesterday, converging on the city’s main thoroughfare and heart of the tourist area, close to the stock exchange and smart boutiques. Fires were started in the middle of the road, stones hurled at police who responded with batons and foam. Four people were arrested, Reuters reports, and their cameraman hit by police as he was filming.

As the IMF and World Bank hold their annual meeting in Washington this week, with 10,000 delegates expected – yes, really – chief economist Gita Gopinath once again lowered economic growth forecasts for 2019 to 3 per cent, especially in G4 (China, EU, Japan and the US). Praising the use of ultra-low rate settings, they believe ‘’global growth would be lower by 0.5 percentage points in both 2019 and 2020’’.

Financial Markets and Political Commentary
 

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