Webinar: Brexit and the Autumn Budget will Drive UK Markets
In this webinar we looked ahead to next week’s drivers for GBP as PM Theresa May prepares to meet European Council President Donald Tusk in an attempt to break the current Brexit impasse. In addition PM May and her Chancellor Philip Hammond will need to focus on the economy, and not political in-fighting, ahead of the Autumn Budget Statement on Wednesday.
Discussions include –
- Current market talk suggest that UK PM Theresa May will offer the EU around £38-£40 billion to get Brexit talks back on track and advancing towards the second stage.
- The Autumn Budget Statement will give Chancellor Philip Hammond an opportunity to re-boot the UK economy, but will political tensions between the resident’s of No.10 and No.11 Downing Street leave UK citizen’s wanting more.
- GBP has pushed higher over the last few sessions and will need a positive Brexit outcome to help move it higher from its current level.
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--- Written by Nick Cawley, Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.