- GBP/EUR rose by 0.34% on Thursday – the market opened at 1.1645, traded a high of 1.1710, a low of 1.1596 and closed at 1.1688.
- GBP/USD opened at 1.3170, traded a high of 1.3184. a low of 1.3068 and closed at 1.3081 representing a fall of 0.67%.
- Theresa May warned the EU that they should agree to the proposed changes to the backstop or risk a disorderly Brexit. May is seeking legally binding assurances that Britain will not be trapped permanently in the backstop in order to win support from Parliament.
- PM May’s spokesperson said that if May’s deal is voted, a vote on no-deal and a delay will take place and there is no plan for a 3rd vote if the deal is rejected on Tuesday.
- Chancellor Philip Hammond claimed his European counterparts agree that the withdrawal agreement should not include a backstop threatening the independence of the country. (The Express).
- According to the Independent, source close to Labour leadership say the party will not support a new Brexit referendum in all circumstances.
- The ECB kept rates at 0.00% yesterday as expected.
- Chinese trade balance came in weaker than expected at 34B vs 257B expected.
- GBP/AUD, GBP/NZD and GBP/JPY are trading 1.8644, 1.9303 and 145.50, respectively.
- PM May will today again try to convince the EU to agree to legal assurances on the Irish backstop.
- At 1.30pm we will see non-farm payrolls from the US and employment data from Canada.
|Currency Pair||Interbank Rate||% Change on Day|
|Time (GMT)||Region||Data Release||Forecast||Previous|
|13:30||USD||Average Hourly Earnings m/m||0.3%||0.1%|
|13:30||USD||Non-farm Employment Change||180K||304K|