Rational Thinking – Delay Looks Likely

This week:
GBP

UK construction PMI falls amidst Brexit uncertainty
Labour party show signs of backing withdrawal deal
Carney testified in front of the House of Lords

EUR

Mixed economics reports from the Euro area
Interest rates kept on hold and GDP forecasts cut
Draghi announces new round of targeted liquidity

USD

January ADP employment report revised upwards
Trade deficit widens, signalling weaker global demand

Week ahead:

GBP: Parliament to vote of Brexit withdrawal deal
PM expected to seek delay if rejected