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EU and UK shake on it
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Tuesday 28th February 2023
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The pound rose sharply higher today on the news that a deal had been struck with the EU over the problems of the UK’s internal trade with Northern Ireland. JBWere’s Sally Auld says markets have responded to the pragmatism of Rishi Sunak and the hope that it signals the start of a better future for UK-EU trade down the track. Meanwhile, US equities have bounced back today, even though expectations of a higher Fed terminal rate have settled in to place. Is it those buying the dip or the return of the soft-landing brigade? The drip-feed of EU inflation data will be the focus today, ahead of the full number tomorrow.
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