Forex news for Asia trading Monday 3 October 2016
Weekend
– (The non-manufacturing PMI came in at 53.7, from 53.5 prior)
GBP a big mover first thing on Monday morning here in Asia. There was news over the weekend that UK PM May will trigger Article 50 by the end of March next year. This formally begins the negotiation process for a country’s exit from the EU, and once invoked gives the UK up to two years to discuss with the 27 other member states and agree on the terms of its departure.