It has been a busy week this week, with the Brexit Withdrawal Bill receiving Royal Assent and expected to be soon signed by EU officials. Yesterday, the ECB announced a sweeping review of its targets and strategy, which is widely expected to see a fundamental shift in inflation targets.
The markets are looking forward today to important PMI releases from the UK, expected to show a slight increase, following on from very positive CBI business figures earlier this week. Eurozone figures are already in, showing little change from previous months.
The dollar is also up ahead of American PMI data, expected to show a slight increase for services.
It’s now one week until Brexit, and, while the Withdrawal Act has passed, there’s a lot of uncertainty around the future in the coming months. If you’re making a transaction soon, don’t miss what the major banks are saying in our latest Quarterly Forecasts. And, for further guidance, do call your Personal Trader on 020 7898 0541.
