XE Market Analysis: North America – Sep 03, 2018

Mostly narrow ranges have prevailed, which is likely to remain the case in the absence of North American markets. The main exception was Sterling, which dove over 0.5% on the double whammy of an unexpectedly weak August manufacturing PMI report out of the UK and after the EU’s chief Brexit negotiator Barnier said that the British government’s proposals for a new trade deal is a no-go. Cable posted a three-session low at 1.2877 while EUR-GBP clocked a three-session high at 0.9012.