Weekly Outlook - 23rd to 26th April, 2019.

“Brexit Is Back, And It's Already Being Described as The Most Disappointing Season Yet”

Talks between Labour and Conservative officials are set to resume today after members of Parliament return to London from their Easter break. If a deal can’t be sealed before European Parliament elections are due to be held May 23, the prime minister’s allies fear she will lose her chance and could be forced out, according to the people, who asked not to be named.

The customs union membership issue is a key demand of the Labour team in the cross-party talks. For Corbyn, the key issue is whether he can get away without securing another referendum when many Labour members want the public to have the chance to vote on whether to accept the terms of the U.K.’s divorce.

Some observers are suggesting that PM May could have a final attempt to get her deal through the House of Commons. If that fails, indications are that a series of votes would again be held to test whether any deal is able to command a majority in the House. At least one media source is suggesting that this would include a vote on some sort of customs union.

Not much 1st tier data due out this week for the UK although some focus will be on Wednesday’s Public finance data. For the Euro zone we’ll see some early indications how businesses are preforming in April so far. Finally to the US and housing data due for release this afternoon but most focus going to Thursdays Jobs data.  

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