04/12/2017 - Theresa May To Meet For "Breakthrough" Brexit Talks


Minister Theresa May meets European Commission President Jean-Claude Juncker for lunch in Brussels today for what could be a breakthrough in Brexit talks. If both sides are happy with progress on divorce talks The plan is to sign a joint declaration on progress so far in the talks. The  key talking points still up proving to be a hindrance in negotiations moving forward is the Irish boarder. Investors are optimistic that are joint declaration is signed this afternoon.

British factories enjoyed their best month in more than four years in November, suggesting manufacturing will give a boost to the country’s otherwise sluggish economy going into 2018, a survey showed on Friday.
The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) jumped to 58.2 from an upwardly revised 56.6 in October, hitting its highest level since August 2013 and topping all forecasts by economists. The pound’s fall since last year’s Brexit vote has yet to give British factories a big advantage since the UK voted to leave the EU.


U.S. manufacturing expanded at a robust pace in November , but at a slower pace than October, after a  Jump of production and rising orders that signal strong gains in the industry. The ISM’s latest measure was above the 57.3 average for this year through October, showing the underlying pace of activity remains healthy. Steady consumer spending, stronger investment in business equipment and improving overseas markets are underpinning the industry.

Key Announcements

09.30 – GBP – Construction PMI; Forecast at 51.2 against previous of 50.8

All Day – EUR – Euro Group Meetings