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Stock impact report

Pound at five-and-a-half-month low as Johnson leads, Aussie vulnerable [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Pound at five-and-a-half-month low as Johnson leads, Aussie vulnerable - Reuters 4 Min Read TOKYO (Reuters) - The British pound on Tuesday languished near this year’s low on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dreaded no-deal Brexit. The Australian dollar is also at its lowest levels since the flash crash of early January, hit by growing expectations of another rate cut by the country’s central bank and by the spectre of a further slowdown in China - Australia’s largest export market. The yen and the euro were steadier, with investors holding out for trading clues from policy-setting meetings by the U.S. Federal Reserve and the Bank of Japan as well as a conference organised by the European Central Bank, all scheduled this week. “While major currencies were little moved now, when you look at market moves over the past week or so, many commodity currencies and emerging market currencies are weak, Show less Read more
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