European SSA Snapshot: Jumbo ESG deals in spotlight, demand very strong
SSA single currency supply accelerated to EUR20.6bn in the latest week. The key theme was robust appetite, with combined orderbooks exceeding EUR86bn. ESG supply was once again prominent while jumbo trades heavily contributed to the weekly total.
Russian Rouble to remain vulnerable in run up to the US election
The US election and prospect of a Biden/Democrat victory is seen largely as EM friendly. However Russian markets are once again experiencing multiple sanction threats and we have already begun to see these manifest in increased Russian risk premiums.
The GBP Week: Deadline Day approaches
GBP bias is bullish this week as we come to another pivotal week in the Brexit timeline, with the UK's self-imposed deadline to strike a deal on Oct 15. Expected GBP/USD trading range is 1.2680-1.3400.