EU Negotiators Prepared to Offer UK a Free-Trade Deal


Yesterday there were reports that EU negotiators are prepared to offer Theresa May a free-trade area after Brexit but only on the condition that, there will be a customs border that will make trade less than “frictionless”. The paper outlines the rejected Chequers proposal for a special customs deal that would avoid border checks on goods and keep supply chains fluid. May has insisted she is sticking with the plan, despite fierce opposition from some in her party. She complained that although the EU had not given her detailed reasons for its rebuff, this document appears to provide some detail and alternative solutions that May requested from the EU.


The dollar strengthened after U.S. consumer confidence unexpectedly jumped to its highest level in 18 years in September, According to a report published on Tuesday from the New York-based Conference Board, on brighter assessments of economic expectations and the present situation. A strong job market and tax cuts is keeping Americans optimistic about the state of the economy and their finances despite an escalating trade war with China. 27.6 percent of consumers said they expect better business conditions in the next six months, the highest since December 2003, from 24.4 percent in August.

Key Announcements

19:00 – USD: FED Interest Rate Decision, expected to increase to 2.25% from 2%
19:00 – USD: FED Monetary Policy Statement
19:00 – USD: FED Chair Jerome Powell Speech