Theresa May's Brexit. A fight to remember!

Weekly Report - 26/11/2018

The British Parliament and Brexit


A Member of Parliament stated on Monday that is not "remotely possible" that Theresa May's can pass her Brexit departure deal from the House of Commons. The House of Commons is the lower house of Parliament and it is very important to try and get their vote that expected to take place in next month. Lawgivers on both sides regarding the future of the United Kingdom to continue to be a part of the EU are troubled. The suggestions of May in the 585-page are not clear and creates anxiety between the parties.

The week that was

Investors, last week continued to be positive about the new draft document that is been received positively by the United Kingdom and the European Commission In the draft document explained how the trading relationship, security, and other important points will run once the divorce is settled.

The European currency the Euro and the Pound traded to the upside last week, having earned overnight about 0.2% and 0.8% each.


Main focus this week

It’s a busy week ahead, with data from the EU Summit about Brexit, the FED’s meeting minutes and the G20 in the focus this week. On Thursday the FED’s financial policy meeting minutes will be at the center of investors’ focus. Worries over the U.S economic outlook expected to pin back rates and yields. The FED Chair Powell and a member of FOMC  are due to talk this week. The other central banks that will be in the center of our focus will cover the BoE, who will be presenting its opinions on the draft Brexit agreement next Thursday. As for the popular greenback the new home sales figures and GDP are due for Wednesday, pending home sales, October inflation and consumer spending on Thursday and PMI numbers on Friday.


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