Politics is high on the agenda for several currencies, according to Greg Gibbs, Analyst at Amplifying Global FX Capital Pty Ltd.
Key Quotes
“Market doubts over the capacity of governments to establish a strategy for sustainable economic growth and financial market stability have sunk the TRL in the last month and are in the process of driving the BRL to new lows in the last week.”
“GBP continues to languish under the weight of incapacity of the UK government to make a plan to deliver Brexit. Italian bonds and equities are under-performing in the Eurozone, and in recent days the AUD has lost more ground than its peers on upheaval in the ruling party.”
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