Equity markets across Asia, Europe and the US reflect growing confidence and trade around record levels. The positive talk regarding China-US trade and the coming meeting between President Trump and Xi, at AIPEC, has settled many nerves. UK fiscal deficits hit a new record in September, almost breaking above GBP100 Billion, in just the last six months. Markets have not reacted, as the benefit of the doubt has been given, until the important budget is delivered next month. The GBP did fall back to 1.3360, while the EUR held onto 1.1600.The AUD surrendered 0.6500, once again, while the NZD consolidated above 0.5700. NZ trade data was inline with expectations, but the spike in inflation will concern many.
