Sterling weakened this morning after a brief rise as MPs prepare for Brexit indicative votes this evening. The process will see around six options, selected by Speaker John Bercow, likely to range from a customs union to another referendum and a ‘Norway 2.0’ option. The results are not binding, and the Prime Minister is still expected to work to find a way to get her deal through if possible.
The Eurozone has had a quiet day, with most economic releases scheduled for tomorrow noon. Mario Draghi gave a speech in Frankfurt this morning, highlighting the common currency zone’s poor growth.
In the US, weak economic performance continues, but the dollar did still manage to gain some ground as poor performance from around the globe affected the markets.
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