Leader of the labour party, Sir Keir Starmer has argued that the UK re-joining the EU’s single market would not boost the country’s economy, but rather create “years of uncertainty” for UK business. The statement was made in an interview with BBC Radio 4’s Today programme yesterday.
Starmer also added that should he become prime minister, he would instead seek to improve the “post-departure deal” agreed by Boris Johnson.
London’s FTSE 100 was boosted towards the end of the business day on Monday as investors were buoyed by signs that China is reeling back its tough zero-Covid policy.
It’s a quiet day for key data releases across all of our major currency zones however, tomorrow markets will see the UK’s latest Halifax house price index, both month over month and annually.
We’ll also see Italy’s retail sales figures which are expected to fall by 0.3% in tomorrow morning’s release.
Over in the US, the lack of key data puts pressure on an already anxious dollar.
The big political event today will be the race for America’s Senate with Georgia’s run-off election between Democrat, Raphael Warnock and Republican, Herschel Walker.
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