- The DUP sent a warning to Theresa May yesterday to ‘keep her side of the bargain’ on Brexit after the party’s 10 MPs withheld their support in votes on Budget measures. Sammy Wilson MP who is the DUP’s Brexit spokesperson said the government had not stuck to its promise that Northern Ireland would not be treated differently from the rest of the UK. Wilson said ‘The Prime Minister has undermined her won authority with her own party and with our party by blatantly breaking promises about what she would deliver in the Brexit deal with the European Union’.
- MPs have forced the government to agree to publish analysis comparing the economic impact of Theresa May’s Brexit deal to staying in the EU. The amendment was backed by over 70 MPs from six parties. The report will be released at least a week before MPs vote on the withdrawal deal.
- PM May said in a speech at CBI’s annual conference that her plan would provide a fair immigration policy and stop EU migrants ‘jumping the queue’.
- Spain will reportedly not agree to the draft Brexit withdrawal deal without clarity over how talks on the future status of Gibraltar should be handled.
- GBP/EUR fell by 0.13% yesterday after opening at 1.1234, trading a high of 1.1276, a low of 1.1200 and closing at 1.1219.
- Labour leader Jeremy Corbyn said yesterday that Brexit can be a ‘catalyst for economic transformation’ and is against May’s deal.
- Michel Barnier said yesterday that the draft withdrawal deal gives UK full control of its laws.
- Eurozone current account data came in weaker than expected at 17.0B vs 24.2B.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.7620, 1.8710 and 144.34.
- At 10am inflation report hearings will take place before Parliament’s Treasury Committee.
- At 1.30pm we will see building permits and housing starts released from the US.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|10:00||GBP||Inflation Report Hearings|
|15:00||EUR||German Buba President Weidmann Speaks|