Soft Brexit options voted down

Hi everyone,

The Tories voted down the 4 'soft' Brexit options last night (majority votes) with the Labour party voting in favour of them all. The problem with the amendments chosen, was that they are all to do with remaining somewhat in the EU.

There is speculation that (somehow) the PM will bring back her deal for a 4th time this week. Today sees Theresa May having a lengthy meeting with her cabinet once again, as the Conservative party are preferring to back her deal rather than any alternative it now seems.

Interestingly, the Pound gathered momentum yesterday before the results as a majority was expected by traders. That didn't come and Sterling quickly retracted, but still remains buoyant at this stage. 

Something to note is the UK's manufacturing which has surged to a 14-month high, whilst the Euro-Zones has plummeted to a 6-year low. Germany (the powerhouse of Europe) is quickly becoming the 'sick man' of Europe. Their recent figure is at it's worst since early 2012 and they are still flirting with a technical recession. 




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Tuesday, 2nd April, 2019

12:30 US - Durable goods orders

Wednesday, 3rd April, 2019

08:30 UK - PMI
09:00 EU - Euro-Zone retail sales
11:00 US - Mortgage applications
12:15 US - Employment change
14:00 US - Non-Manufacturing composite

Thursday, 4th April, 2019

06:00 EU - German factory orders
07:30 EU - German construction PMI
11:30 EU - ECB publish account of March meeting
12:30 US - Initial/continuing jobless claims

Friday, 5th April, 2019

06:00 UK - German industrial production
08:30 UK - Unit labor costs
12:30 US - Change in non-farm/private payrolls
12:30 US - Unemployment rate & average earnings
19:00 US - Consumer credit


Dan Waterman
Office Manager

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