HomeContributorsFundamental AnalysisWeekly Focus: Brexit Wrestling Enters Next Round

Weekly Focus: Brexit Wrestling Enters Next Round

Feb 01 19, 15:46 GMT

Market Movers ahead

In the US, the flow of economic data releases begins again after the shutdown with trade data and the ISM non-manufacturing index.
Keep an eye on FOMC speeches for hints on the future pace of the Fed’s balance sheet reduction.
Brexit negotiations will still be in focus as Prime Minister Theresa May battles for concessions from the EU.
We do not expect the Bank of England to change its policy before November.
A further pickup in Japanese cash earnings will be a key ingredient for the inflation outlook to brighten.
Swedish December industrial production is heading for a drop, while Norwegian GDP growth should have accelerated in Q4 18.
Danmarks Nationalbank’s currency reserves data for January will be scrutinised for further FX interventions.

Weekly wrap-up

The jury is out on the global economy after a dismal end to 2018.
The FOMC struck a more cautious tone, causing USD to weaken and boosting risk sentiment in markets.
The Brexit drama continues relentlessly as PM May heads back to Brussels.
China and the US have laid the groundwork for a trade deal in H1 19 .

Full report in PDF.

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