Friday 1 September 14:15 UK time.

NFP has been reported, and although the number is a slight beat, the market has focused and the unemployment rate which is at its highest in 18 months. Sending us back to the bad news is good news narative. Stocks are up, yields are down and the dollar is weakening. At the same time, Canada has reported very poor GDP, which has hit the cad hard. I believe today's data creates a viable Friday afternoon 'risk on'  trade.