The pound weakened last night as not a single of the eight indicative votes came out with a majority. The uncertainty continues: MPs are expected to vote again on a narrowed-down list of options, from the ones with the closest to a majority, potentially on Monday. Meanwhile, May is still attempting to pass her deal, but it remains unclear if she will get the support required, or indeed the permission to bring it back to the House.
The ECB’s Villeroy has acknowledged the Eurozone’s downturn, but says they continue to hope that it’s a slowdown and not a recession, and they have sufficient tools to manoeuvre with. Nonetheless, figures from the Eurozone still look weak, following a global trend of slowing down.
The dollar strengthened yesterday as a global economic slowdown encouraged investors to return their attention to the US as a relatively safer haven. Trade talks with China resume today, although hopes of a deal are not necessarily high.
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