Markets slide after North Korea fires missile over Japan – business live

Investors cautious as tensions rise again, while oil recovers after Hurricane Harvey

The pound’s current weakness against the euro may not last, says Capital Economics:

3 reasons why the £’s slide vs the € will probably abate: 1. Speculative positioning already at striking levels, unlikely to build further.

2: Improving EZ sentiment unlikely to continue boosting €. And consensus forecast for UK GDP growth of 1.2% in ’18 too downbeat in our view.

3: Relationship with market exp’s for interest rates suggests renewed focus on mon. pol. could provide £/€ boost.

The White House has issued a response to the North Korea missile launch:

NEW: Trump on North Korea: “All options are on the table.”

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