- The BBC are reporting that European Council President Donald Tusk is proposing to offer the UK a 12-month ‘flexible’ extension to its Brexit date. The plan would need to be agreed to by EU leaders at next week’s summit and would allow the UK to leave the EU sooner if Parliament ratifies a deal.
- Cross-party talks between prime minister Theresa May and Labour leader Jeremy Corbyn were said to be constructive yesterday and will continue into Friday.
- Attorney general Geoffrey Cox warned yesterday that Brexit is on course to be delayed until 2020 and said that the EU held all the cards.
- GBP/EUR opened at 1.1704, traded a high of 1.1737, a low of 1.1638 and closed at 1.1647 representing a 0.50% fall on Thursday.
- GBP/USD opened at 1.3152, traded a high of 1.3191,a low of 1.3060 and closed at 1.3068 representing a fall of 0.65%.
- Canadian Ivey PMI data came in at 54.3 vs 51.4 expected.
- GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8370, 1.9396 and 146.20, respectively.
- Prime Minister Theresa May has written to the EU to request a further delay to Brexit until the 30th June.
- Mrs May has proposed that the UK should be able to leave the EU before the European Parliamentary elections on 23rd May should MPs agree a deal, but will be prepared to field candidates otherwise.
- We have employment data from Canada and the USA at 1.30pm.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Average Hourly Earnings m/m||0.3%||0.4%|
|13:30||USD||Non-farm Employment Change||172K||20K|