Rational Thinking – Crunch week for Brexit This week: GBP Parliamentary debate on Brexit withdrawal agreement 2 big defeats for May May now has to seek Parliament’s approval for ‘no deal’ preparation funding In the case May is defeated on Tuesday, she has 3 days to show a plan B Increased speculation on a General Election in the aftermath of the vote Corbyn said a general election as being the number 1 priority GDP data came in above expectations, 0.2% against a previous of 0.1% USD Release of December’s FOMC Meeting Minutes Minutes revealed several policy makers were in favour of keeping interest rates steady Fed member Bostic wouldn’t rule out the possibility of cutting interest rates China and the US extended trade talks for an unscheduled 3rd day EUR Disappointing German trade data Regional Industrial Output Data in Germany fell for 3rd straight month Fall in consumer confidence in France Next week: GBP: Tuesday sees Parliament vote on Brexit withdrawal agreement Consumer Price Index (YoY) (Dec) expected to fall to 2.2% from 2.3% USD: Retail Sales Figures ex Autos (MoM) (Dec) expected to remain at 0.2% EUR: Eurozone Consumer Price Index (YoY) (Dec) expected to remain at 1.4%