Bank of England Governor Andrew Bailey's recent comments have significantly impacted the financial markets. Bailey indicated that the bank could accelerate easing measures, causing the British pound (GBP) to drop sharply. The GBP/USD pair fell to around $1.31. European markets opened mixed, with the FTSE 100 outperforming, while US futures were in negative territory. APAC stocks traded mixed ahead of the latest US Non-Farm Payroll (NFP) report. The dollar strengthened against G10 currencies amid a risk-off mood affecting bonds and stocks. Additionally, US dock workers have agreed to end their strike, and the market is anticipating today's US jobs data.
Jobs data ahead, US dockworkers suspend strike - what's moving markets https://t.co/GIa7NEgJPi https://t.co/GFriqvj6I0
Welcome to all our US followers! - European bourses are mixed whilst US equity futures trade tentatively on either side of the unchanged mark ahead of today’s US NFP report. - Dollar is rangebound, GBP and JPY are attempting to claw back some of their recent losses. - USTs are…
The @Newsquawk Europe Market Open: APAC stocks Mixed Ahead of NFP, Dock Workers End Strike https://t.co/MOBSGK5kCt