- Parliament voted down Theresa May’s deal for the third time on Friday with 344 MPs voting against the deal and 277 MPs voting in favour.
- MPs were voting on the withdrawal agreement in isolation this time not on both the withdrawal agreement and political declaration.
- PM May said after the result that the House of Commons must come to a consensus as to how the situation is moved forward.
- Leader of the opposition Jeremy Corbyn said that a general election is necessary to break through the impasse.
- The House of Commons will now have a second round of indicative votes on Monday.
- UK current account data came in weaker than expected at -23.7B vs -22.9B. Final GDP q/q came in as expected at 0.2% and net lending to individuals m.m came in at 4.6B.
- Canadian GDP came in better than expected at 0.3% vs 0.1%.
- US personal spending was soft at 0.1% vs 0.3%.
- Chicago PMI was 58.7 vs 61.1.
- GBP/EUR opened at 1.1617, traded a high of 1.1687, a low of 1.1564 and closed at 1.1625.
- GBP/USD opened at 1.3073, traded a high of 1.3136, a low of 1.2976 and closed at 1.3034.
- Chinese manufacturing PMI came in at 50.5 vs 49.6 and Caixan manufacturing PMI came in at 50.8 vs 50.1.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8329, 1.9134 and 145.15, respectively.
- UK manufacturing PMI came in at 55.1 vs 51.2.
- At 10am we have CPI flash estimates from the Eurozone.
- At 1.30pm we have retail sales data from the US with ISM manufacturing following at 3pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:00||EUR||CPI Flash Estimate y/y||1.5%||1.5%|
|10:00||EUR||Core CPI Flash Estimate y/y||0.9%||1.0%|
|13:30||USD||Core Retail Sales m/m||0.4%||0.9%|
|13:30||USD||Retail Sales m/m||0.3%||0.2%|
|15:00||USD||ISM Manufacturing PMI||54.2|