In this webinar we looked ahead to next week’s drivers for GBP as Brexit talks continue, while domestic political issues in Ireland and Germany will make the headlines. And after a break, US data releases come back into play as the highly anticipated December rate hike heaves into view. Back in the UK, Sterling may come under downside pressure unless Brexit news is positive.
Discussions include –
- UK PM Theresa May is meeting EU Council President Donald Tusk in an effort to force Brexit talks forward, with the carrot of a higher divorce payment but with conditions attached.
- Political upheavals in Germany and Ireland may keep Brexit discussions in the background, especially if a vote of ‘no confidence’ is called in Ireland next week.
- GBP has moved gently higher all week despite a post-Budget IFS report warning that the UK is in danger of suffering two decades of zero earnings growth. Will this strength hold?
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--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
