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