Markets quiet ahead of ‘triple risk Thursday’
Investors await UK election, ECB decision and former FBI director testimony in Washington
“Markets are cautious as we approach the triple risk Thursday. Safe-haven assets have gained, equities are edgy and WTI crude continues to be supported at the $47 levels”, the FT quoted Citi analysts as saying on Wednesday.
The pound was weaker on a narrowing of polls ahead of elections in the UK on Thursday, one of the three aforementioned risks, while the euro dropped on news of the ECB’s possible cut to its inflation outlook as policy makers meet in Tallinn.
The highly-anticipated testimony of former FBI director James Comey poses more headline risks for the Trump administration as the press waits with bated breath for revelations that could add fuel to controversies.