Markets Looking for Direction

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Midday Market View

With no major U.S. economic reports scheduled for release today, the U.S. dollar is set to take its cue from political and pharmaceutical headlines. EU-UK Brexit talks headed in the wrong direction after Prime Minister Boris Johnson threatened to walk away from Brexit negotiations if the EU does not budge on its demand. Internal frustration is rabid as the UK government’s top lawyer quit over Brexit withdrawal disagreements.

Midday Key Point

UK government says that internal market bill will be debated on 14 September
BOJ expected to offer a more upbeat take on the economy next week

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