The Supreme Court has begun its hearing of the lawfulness of Parliament’s prorogation, and the markets will be closely watching for any hint of Parliament possibly resuming earlier than expected.
Meanwhile, Christine Lagarde has been officially confirmed as the next President of the European Central Bank, with 394 votes for and 206 against. Although the euro had a choppy day, there was positive news as economic sentiment figures came in much better than forecast.
The dollar is up ahead of the Federal Reserve’s monetary policy meeting, with investors expecting a 25 basis point cut. Like the Eurozone, the US had some better-than-expected data, with factory output rising more than predicted.
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