Thursday 30th August 2018

The pound soared higher today on news that Michel Barnier was prepared to offer the UK a special deal on Brexit. Phil Dobbie talks to NAB’s Tapas Strickland about how much ground they are prepared to give. Meanwhile the Aussie dollar suffered today on the back of short-end funding costs which have seen one bank list raise variable mortgage rates. The uncertain political scene hasn’t helped the Aussie dollar either. Meanwhile US equities continue to rise as the markets assume trade disputes will be resolved, assisted by GDP figures showing annualised US growth at 4.2% - a figure that is ‘sustainable’ according to the President.