Rational Thinking - May's Plan Left in Turmoil

This week:
GBP

May's Withdrawal Agreement voted down for a 3rd time
344 votes to 286, a margin of 58 votes
UK miss EU deadline to delay until 22nd May
Has until April 12th to seek a longer extension, likely to be involved in European Elections
May had announced that she would quit if MP’s backed her deal

EUR

Draghi continues dovish rhetoric
Suggested that there could be a further delay to in hiking interest rates.
Comes after the ECB downgraded its growth projections for the region earlier this month (cut to 1.1% from 1.7%)

USD

Safe haven benefits despite weak data
GDP in 4th quarter was lower than expected at 2.2%
Decline in Benchmark U.S. Treasury yields to 15 month lows

Week ahead:

GBP
UK Brexit Parliamentary Vote

EUR
CPI Core (YoY) (March); expected to fall to 0.9% from 1% previous
CPI Index (YoY) (March), expected to remain at 1.5%

USD
Retail Sales (Feb) fall to 0.4% from 1.1%
ISM Manufacturing PMI (March)- increase to 54.5 from 54.2
ISM Non-Manufacturing PMI (March)- decrease to 58.7 from 59.7