Rational Thinking – Delay Looks Likely

This week:

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


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


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