Italy spearheads buys week for SSA supply
SSA euro supply accelerated to EUR23.55bn during the week ending 11 September, headlined by a trio of Sovereign issuers and inaugural ESG transactions.
The GBP Week: Bears eye 1.2500 in another critical week
Bias is bearish this week with the expected Gbp/Usd trading range 1.2600-1.3000. The Brexit weight is set to continue and the Pound is unlikely to find a base in this backdrop. Otherwise there is a trio of top tier UK releases and BOE Thursday.
Hungarian Forint at the crossroads after recent depreciation
CEE focus is now on the HUF, which has been testing lows since April. This after Q2 GDP saw the steepest contraction amongst its peers and CPI began to accelerate sharply in July, reducing the real rate on the HUF, so that it is now the most negative it has been since January.