Newsletter – 15th January 2019

Morning Bulletin


  • Prime Minister Theresa May warned opponents of her Brexit deal that they risk ‘letting the British people down’ if they vote against it in Tuesday’s meaningful vote. She urged MPs  to give the deal a ‘second look’ insisting new assurances on the Irish border had ‘legal force’. (BBC News)
  • Labour leader Jeremy Corbyn said the Prime Minister had ‘completely and utterly failed’ to provide legal assurances and that the deal that MPs will be voting on Tuesday evening is the exact same deal they would have been voting on if the first vote was not postponed.
  • GBP/EUR opened at 1.1191, traded a high of 1.1266 and closed at 1.1216 representing a 0.22% gain.
  • GBP/USD opened at 1.2851, traded a high of 1.2930 and closed at 1.2861 representing a 0.08% gain.
  • The Express are reporting that PM May will attempt to force through a second vote on her Brexit deal should she her deal be defeated today.
  • According to CNN, a source close to President Trump it not going ‘budge 1 inch’ on his demand for a border wall as the partial US government shutdown enters its fourth week.
  • GBP/AUD, GBP/NZD and GBP/JPY are currently trading at 1.7869, 1.8861 and 139.71, respectively.
  • MPs will vote on Theresa May’s Brexit deal this evening. The deal is broadly expected to be defeated with May unable to gather enough support from colleagues to pass the plan.
  • US PPI m/m and core PPI m/m data is expected at 1.30pm.
Currency Pair Interbank Rate % Change on Day
GBP/EUR 1.1233 +0.15
GBP/USD 1.2852 -0.07
EUR/USD 1.1436 -0.27
AUD/USD 0.7203 +0.10


Time (GMT) Region Data Release Forecast Previous
13:30 USD PPI m/m -0.1% 0.1%
13:30 USD Core PPI m/m 0.2% 0.3%
15:00 EUR ECB President Draghi Speaks
Tentative GBP Parliament Brexit Vote Reject