GBP Weekly Review (April 1 – 5)

The British pound was much more subdued and choppy relative to previous weeks, but was able to pull out wins against the major currencies.

United Kingdom Headlines and Economic data

Monday:

• UK Manufacturing PMI at 13-month high as pace of stockpiling hits fresh survey-record
• Parliament Seizes Control Amid Brexit Rift in May’s Tories
• Brexit: what are the four options and how did MPs vote?

Tuesday: 

• UK construction activity slows for second month running: PMI
• Prospect of Brexit breakthrough as Theresa May offers cross-party talks

Wednesday:

• Business activity declines for the first time in more than two-and-a-half years: UK services PMI
• British PM May to meet with Labour Party leader Corbyn for Brexit talks
• Brexit delay law approved by UK’s House of Commons

Thursday: 

• UK narrowly votes to delay Brexit again — but the EU could refuse
• Britain faces a long delay to Brexit, Hammond says – ITV

Friday: 

• UK house price growth cools in early 2019, outlook subdued – Halifax
• Tories ‘discuss second referendum with Labour during Brexit talks’
• Theresa May reaches out to Jeremy Corbyn in a bid to break Brexit deadlock
• May asks for Brexit extension to June 30; EU could offer a year