Rational Thinking – Theresa May Seeks Parliamentary Approval Of Brexit Withdrawal Bill

This week:

Law-makers reject Theresa May’s Brexit deal
May survives vote of no confidence
New deadline for Parliamentary vote on 29/01/19
Pound rallies on expectation of no-deal Brexit minimising


ECB President Draghi, noted recent economic developments have been weaker than expected
Concerns raised over potential interest rate hikes or even contraction of Monetary Policy
Inflation data for Europe was lower than forecast pushing away from ECB target


US economic data appears to be strong
Jobs market is on the high amid concerns of an economic slowdown both in the U.S. and globally

Next week:

GBP: Theresa May speaks on Brexit plan
Unemployment Rate

EUR: Flash Manufacturing PMI
Flash Services PMI
Main refinancing rate
ECB press conference