Rational Thinking – UK Brexit discussions This week: GBP Week of rumours May sought further assurances from EU Seven Labour MPs quit Three Tory lawmakers quit Meaningful vote postponed EUR German economic data looks weak Germany narrowly missed recession in Q4 No signs of any improvement for EU’s biggest economy USD Fed minutes highlighted strong US economy and labour market Hint at a potential rate hike in 2019 Fed emphasised caution for raising rates Week ahead: GBP: Inflation report hearing – 26/02 USD: Consumer confidence level – 26/02 Fed Chair Jerome Powell testifies – 27/02 Advance GDP QoQ – 28/02 ISM Manufacturing PMI – 29/02