In Brexit news, PM May is reported to now be in favour of giving MPs a vote on alternative proposals to her Brexit plan. Then on the other side of Brexit, the EU will today publish a package of 14 contingency proposals aimed at avoiding the worst effects of a ‘no deal’ Brexit. Focus will then turn to US and the Federal Reserve decision last today.
Brexit talks continue, economic data due to support Sterling
GBP/EUR + EUR/GBP Weekly Market Report and Forecast. Time running out for PM May to get a deal done in November.
Yesterday’s UK Cabinet meeting discussed Brexit negotiations, with the focus on options to resolve the Irish border puzzle without the risk of keeping the UK in the EU customs union permanently or the risk of Northern Ireland staying in the customs union without the rest of the UK. Reports suggest that the Cabinet may meet again on the matter later this week
After an unjust sell off in Sterling exchange rates on Tuesday, Sterling stages a modest recovery ahead of the BoE meeting tomorrow afternoon.
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