Mainland Chinese share after a week holiday rallied a bit with the Shanghai Composite up 0.78% and the Shenzhen Composite higher 0.89%. Other markets closed for holidays were Hong Kong and Taiwan. The dollar index, which measures the greenback against a basket of currencies, was trading at 96.522, up from levels below 95.600 early last week.
Reuters reported: Sterling was steadier around $1.2430 GBP=D4 after its flash crash last Friday, though dealers braced for more volatility amid concerns about a "hard" Brexit.
A survey out on Monday showed key measures of UK business investment and turnover confidence hit four-year lows in the third quarter.
"The uncertainty of leaving the single market is causing enormous concern over the future of the UK economy and the funding of its twin deficits," said analysts at ANZ.
"Moreover, the rhetoric from the UK government on immigration and EU legislation has hardened of late at the same time as the EU's position is also hardening."
China's central bank set the value of its yuan CNY=PBOC at the lowest since September 2010 as markets there returned from a week-long holiday.
If you're trading or investing in the UK area you need to be aware that the scaremongers will be piling on the negative news abut Brexit and the UK Prime Minister Theresa May at every opportunity.This is a form of anger and get even, but the worse it gets the more it will create investing opportunities. The UK is not going anywhere. We think the pound will be one of the safer currencies to buy. U.S. gold futures rose over one percent to $1,266.10 an ounce. Last week spot gold ended 4.5% lower, the biggests weekly decline since late 2015.
A good signs when you see editorial and opinion writers at scribes like the WSJ and the Financial times complaining about politics over economics and the stricken pound. They want to make people believe there is a difference between the two. There isn't. Brexit passed because of not in spite of politics and economic. Having a say in your ability to determine your freedom and your future is pure economics and politics.
More and more global inhabitants are finding out the hard way they won't find either in Brussels or Washington.
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