Tuesday, 17 January 2017

Market may be positive, May's speech eyed

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The market may continue to see positive trade amidst global investors awaiting UK PM Theresa May's Brexit speech. May will lay out plan to exit the European Union that would see Britain lose access to the bloc's single market. The pound is already near 3-month low ahead of the speech. 

The pound's losses helped take some pressure away from the greenback, which has been burdened by investor uncertainty over the incoming Trump administration's policies. Asian markets saw a mixed start as investors were cautious ahead of May’s speech. Nikkei was down nearly half a percent, while the Korean market was trading higher by over half a percent.

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