Ahead of this webinar, the EU said that sufficient progress had been made on Brexit talks to move forward to the second stage, including future trade agreements. Sterling grabbed a small bid, while the FTSE remained calm post-announcement. However the underlying health of the UK economy is still the Bank of England’s main focus and with the UK service sector currently floundering, a strong manufacturing base is needed to help the economy grow. And the latest BOE/TNS inflation expectations will also give markets a clue to the central bank’s future thinking on monetary policy.
Other topics covered today include –
- Brexit negotiations move on to stage two with trade talks on the docket.
- Industrial and manufacturing data remains important as the UK economy continues to lag its peers.
- Sterling looks likely to push further ahead but Friday’s US non-farm payroll data and next week’s FOMC meeting will steer GBP/USD in the near-term.
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
