London Open Briefing: Tuesday, September 8, 2026
The London session opens with a risk-off sentiment carrying over from Asia, as the JP225 declined -0.89% and NZDUSD fell -0.43%. The Risk Meter currently registers -0.14, indicating a slight risk-averse tone. Over the last 24 hours, the Japanese Yen has been the strongest currency, up +1.34%, while the New Zealand Dollar is the weakest, down -0.60%. This has contributed to moves such as USDJPY dropping -0.18% and EURJPY falling -0.24%, while USTEC saw a +0.21% gain.
Early European data releases show France’s Trade Balance at -6.669B, wider than the consensus of -5.82B, with imports at 61.346B and exports at 54.677B. Germany’s Imports m/m declined by -5.7%, a significant miss against the -0.9% consensus. However, Germany’s Trade Balance n.s.a. came in at 22.1B and the Trade Balance at 21.3B, both exceeding their respective consensus figures. The Euro is down -0.14% over the past 24 hours.
Looking ahead in the London session, traders will monitor the GDP q/q release for ZAR at 09:00 UTC, with a consensus of 0.3%. The BCB Focus Market Report for BRL is due at 11:30 UTC. A series of GBP focused events are scheduled for 13:15 UTC, including a BoE Governor Bailey Speech, Monetary Policy Report Hearings, and a BoE Deputy Governor Markets and Banking Ramsden Speech. Later, an ECB Executive Board Member Elderson Speech is set for 15:00 UTC, followed by a USD 3-Year Note Auction at 17:00 UTC and Fed Consumer Credit m/m at 19:00 UTC.
For the remainder of the session, attention will likely center on the Bank of England’s scheduled appearances.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 -0.89%, NZDUSD -0.43%, EURJPY -0.24% |
| Currency strength, 24h | JPY strongest at +1.34%, NZD weakest at -0.60% |
| Risk meter | -0.14 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 09:00 UTC | ZAR | GDP q/q | Medium | 0.3% |
| 11:30 UTC | BRL | BCB Focus Market Report | Medium | – |
| 13:15 UTC | GBP | BoE Governor Bailey Speech | High | – |
| 13:15 UTC | GBP | Monetary Policy Report Hearings | Medium | – |
| 13:15 UTC | GBP | BoE Deputy Governor Markets and Banking Ramsden Speech | Medium | – |
| 15:00 UTC | EUR | ECB Executive Board Member Elderson Speech | Medium | – |
| 17:00 UTC | USD | 3-Year Note Auction | Medium | – |
| 19:00 UTC | USD | Fed Consumer Credit m/m | Medium | 11.28B |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.