It was a very rare mixed, low volatility week for the British pound despite a fresh developments to the Brexit saga, including an extension granted by the EU.
United Kingdom Headlines and Economic data
Monday:
- Lords Move to Prevent No-Deal as Talks Stumble: Brexit Update
- Theresa May heads to Paris to plead for extension amid Tory fury in London
- EU will stand ‘fully behind Ireland’, says Barnier
- Mark Francois tries to oust May with an unoffical vote of no confidence
- Brexit: Theresa May meets Angela Merkel for delay request
- UK Inflation Expectations For Year Ahead Unchanged From November – BoE
Tuesday:
- Theresa May seeks Brexit delay from Merkel and Macron
- Any Brexit delay depends on May request – EU’s Barnier
- Britain must move to avoid no deal Brexit: Germany’s Roth
- Germany dismisses reports Merkel would time-limit Brexit backstop – the initial rumor then denial sparked an intraday roller coaster ride for Sterling pairs.
Wednesday:
- Sterling stuck as EU set to grant Britain a second Brexit delay
- UK gross domestic product (GDP) grew by 0.3% in the three months to February 2019
- Production output rose by 0.2% in the three months to February 2019
- U.K. Economy Shows Illusionary Strength On Brexit Stockpiling
- EU Extends U.K.’s Brexit Deadline Until Oct. 31 – Broad short-term Sterling rally after the extension news.
Thursday:
Friday:
- UK parliament very likely to consider new Brexit referendum – Hammond
- CB Leading index – U.K. decreased 0.4 percent in February 2019 to 93.8
- Brexit: Conservatives and Labour continue talks
- UK business uncertainty ‘through the roof’: Bank of England’s Carney
- Carney Says Brexit Delay Could Make a No-Deal Less Disruptive
