7 Labour MP's quit the party



Hi everyone,

The headline has done nothing to the Pounds position today, but it just pushes this country into yet more political turmoil. The country has never been so polarised in it's views or this paralysed politically. Brexit has caused this lack of continuity, brought on by the powers that be, the EU. Then again, they were never going to make this an easy divorce were they?

Sterling has been relatively unchanged for a week now, mainly because there has been nothing concrete on Brexit. But this will not last for much longer with just 39 days left to go.

A report from The Times over the weekend claimed that French President Macron has 'softened his line to aid a last-ditch attempt by the EU to help get the withdrawal agreement across the line'. We now wait for some sort of clarification on whether this is true, as this would reflect very positively for Sterling on the market.

We may see some £-€ strength this week depending on the outcome of much Euro-Zone data. There could be yet more Euro growth concerns which should weigh on the single currency.




Upcoming Data


Tuesday, 19th February, 2019

09:30 UK - Employment change & average earnings
10:00 EU - Euro-Zone & German ZEW surveys
15:00 US - Housing market index

Wednesday, 20th February, 2019

07:00 EU - German PPI
12:00 US - Mortgage applications
15:00 EU - Euro-Zone consumer confidence
19:00 US - FOMC meeting

Thursday, 21st February, 2019

07:00 EU - German CPI
08:30 EU - German PMI
09:00 EU - Euro-Zone PMI & ECB's financial statement
09:30 UK - Public finances & borrowing
12:30 EU - ECB accounts meeting
13:30 US - Initial jobless claims & durable goods
14:45 US - PMI
15:00 US - Existing home sales

Friday, 22nd February, 2019

07:00 EU - German GDP
09:00 EU - German IFO expectations
15:30 EU - ECB President Draghi conference


Dan Waterman
Office Manager



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