Markets have moved into a fairly quiet stage of trading. With little real move on Wall Street, equities are drifting to an extent. However with the lack of tier one economic data, markets are focusing on political developments. Focus is on US tax reform which is a drag for the US dollar, whilst sterling traders will be looking towards Brexit negotiations for a steer. The outlook for and progress of tax reform is an issue for traders which is just stemming the positive moves on the dollar. With traders questioning the longer term implications of the political struggles in Congress for tax reform, the US yield curve ... (full story)