- Trading was fairly muted yesterday with Sterling currency pairs closing the day largely where they had started.
- The Eurozone’s Current Account showed a slightly smaller surplus than expected, with an actual figure of 30.8Bnversus the expected surplus of 33.4Bn.
- According to the EU’s Chief Brexit negotiator Barnier any transitional period would have to end by the 31st December 2020.
- Addressing the Treasury Select Committee yesterday afternoon the Bank of England Governor Mark Carney rejected Barnier’s suggestions that a bespoke treaty could not cover financial services. Mr Carney said that regulation had strenghtened significantly over the last decade and as such a trade deal could be feasible between the UK and EU.
- Canadian Wholesale Sales m/m 1.5% (0.5% Exp)
- US Existing Home Sales 5.81M (5.53M Exp)
- The US House of Representatives gave final approval to the Republican Tax Bill overnight, paving way for a major rewrite of the US tax code and fulfilling one of President Trumps major campaign pledges.
- New Zealand GDP q/q 0.6% as expected
- The Bank of Japan held interest rates at -0.10% as expected.
- UK GfK Consumer Confidence -13 (-12 Exp)
- UK Public Sector Net Borrowing 8.1Bn (8.3Bn Exp)
- Raft of data out of North America this afternoon with Canadian CPI and US GDP headlining. All key figures are due at 1.30pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13.30||CAD||Core Retail Sales m/m||0.4%||0.3%|
|13.30||USD||Final GDP q/q||3.3%||3.3%|
|13.30||USD||Philly Fed Manufacturing Index||21.5||22.7|
|15.00||USD||CB Leading Index m/m||0.4%||1.2%|