Friday

• Parliament voted down Theresa May’s deal for the third time on Friday with 344 MPs voting against the deal and 277 MPs voting in favour. 
  • MPs were voting on the withdrawal agreement in isolation this time not on both the withdrawal agreement and political declaration.
  • PM May said after the result that the House of Commons must come to a consensus as to how the situation is moved forward.
  • Leader of the opposition Jeremy Corbyn said that a general election is necessary to break through the impasse.
  • The House of Commons will now have a second round of indicative votes on Monday.
• UK current account data came in weaker than expected at -23.7B vs -22.9B. Final GDP q/q came in as expected at 0.2% and net lending to individuals m.m came in at 4.6B.
• Canadian GDP came in better than expected at 0.3% vs 0.1%.
• US personal spending was soft at 0.1% vs 0.3%.
• Chicago PMI was 58.7 vs 61.1.
• GBP/EUR opened at 1.1617, traded a high of 1.1687, a low of 1.1564 and closed at 1.1625.
• GBP/USD opened at 1.3073, traded a high of 1.3136, a low of 1.2976 and closed at 1.3034.

• Chinese manufacturing PMI came in at 50.5 vs 49.6 and Caixan manufacturing PMI came in at 50.8 vs 50.1.
• GBP/AUD, GBP/NZD and GBP/JPY are currently trading 1.8329, 1.9134 and 145.15, respectively.

• UK manufacturing PMI came in at 55.1 vs 51.2.
• At 10am we have CPI flash estimates from the Eurozone.
• At 1.30pm we have retail sales data from the US with ISM manufacturing following at 3pm.

 

MAJOR CURRENCY PAIRS
Current at time of distribution

Currency Pair	Interbank Rate	% Change on Day
GBP/EUR	1.1632	+0.09
GBP/USD	1.3081	+0.38
EUR/USD	1.1244	+0.26
AUD/USD	0.7127	+0.44

 

 

Time (GMT)	Region	Data Release	Forecast	Previous
10:00	EUR	CPI Flash Estimate y/y	1.5%	1.5%
10:00	EUR	Core CPI Flash Estimate y/y	0.9%	1.0%
13:30	USD	Core Retail Sales m/m	0.4%	0.9%
13:30	USD	Retail Sales m/m	0.3%	0.2%
15:00	USD	ISM Manufacturing PMI		54.2

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