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  • Here's what we're watching as the trading day gets going in London.

  • Pound Sterling under pressure, dipping below 1.22, at a level last seen in mid-January.

  • Appears some are nervous ahead of the chancellor's budget announcement due at lunchtime.

  • This shapes as a delicate balancing act for Mr. Hammond and the currency actually may well snap back, once we hear from him.

  • Talking up the UK economies prospects in the face of Brexit and highlighting an improving budget outlet

  • could well sway the current cautious mood we're seeing for the Pound and the gilt market.

  • Looking across equity markets, the mood is rather dull, as investors are reflect on last week's record run.

  • Wallstreet pull back over night for the second day running with S&P futures,

  • indicating further downward pressure, backens at the opening.

  • Sentiment rather fragile here ahead of Friday's employment report.

  • The European shares, they are also on the defensive as investors await the European Central Bank meeting due on Thursday.

  • For the dollar, gains are modest as gold slips with bond trades pricing at a 90% odds of federal reserve rate tightening next week.

Here's what we're watching as the trading day gets going in London.

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Sterling dips ahead of Budget day | Market Minute

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    Mii Wei posted on 2017/03/10
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