GBPUSD: Perky as bullish momentum remains strong. However, we would caution..Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

Trump targets Turkey
Retaliating against Turkish attacks on Syrian soil and Kurdish fighters

After suddenly pulling US troops out of war torn Syria last week, having Tweeted that: ‘’GOING TO THE MIDDLE EAST IS THE WORST DECISION EVER MADE…’’, Turkish armed forces felt they were given the green light to attack Kurdish ‘terrorists’ (their term) on the border with Syria. Yesterday the US President imposed sanctions against Turkey’s defence, energy and interior ministers, reports the Financial Times. It is also reviewing export licences of weapons to Turkey, impose tariffs on steel, and halt further trade negotiations. It will apply sanctions to financial institutions that carry out transactions with certain individuals and government departments.

Data published in Switzerland early this morning show that producer prices fell 0.3 per cent between August and September taking the annualised rate to a negative 2 per cent. This mirrors data from Germany yesterday where wholesale prices fell 0.4 per cent in the month to September so that the drop increased to 1.9 per cent over the year.

Financial Markets and Political Commentary
 

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