Sterling is weak this morning as worries over no-deal continue; talks between the EU and UK are said to have gone poorly, with EU officials saying the UK is trying to bully the bloc into making concessions. Employment and wage growth data, released later today, will provide another snapshot of the UK’s economy.
Ursula von der Leyen is expected to be confirmed this evening as the President of the European Commission, and she is currently campaigning in Strasbourg ahead of the 5pm vote. In the meantime, we have a number of economic releases from the eurozone, including economic sentiment.
The dollar is up on more positive expectations for rate cuts, and the markets will be watching Jerome Powell’s remarks later today closely.
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