Sterling slips against the majors this week as U.K. economic updates were far from pretty and Brexit developments turn negative as the battle for PM heats up and the odds of a no-deal scenario rises.
United Kingdom Headlines and Economic data
Monday:
- Nigel Farage: I would join Tory coalition to ensure no-deal Brexit
- Brexit: ‘Dozen’ Tories could back no confidence vote, says Ellwood
Tuesday:
- U.K. Retailers see fastest drop in sales since Financial Crisis
- UK’s Johnson warns EU against any ‘Napoleonic’ tariffs in no-deal Brexit
- UK car industry warns next PM against ‘seismic’ no-deal Brexit
- British PM hopeful Johnson rules out any new Brexit extension
Wednesday:
- Boris Johnson and Jeremy Hunt divided over Brexit plans
- UK mortgage approvals edge off April high
- John McDonnell tells Jeremy Corbyn Labour Brexit policy a ‘car crash’
Thursday:
Friday:
- UK Consumer Confidence slips back to -13 for June 2019
- The current account gap in the UK widened by GBP 6.3 billion to GBP 30B in the first quarter of 2019 vs. GBP 23.7B previous
- The UK economy grows by an unrevised 0.5% in Quarter 1 2019
- Business investment, in volume terms, was estimated to have increased by 0.4% to £46.9 billion between Quarter 4 (Oct to Dec) 2018 and Quarter 1 (Jan to Mar) 2019
- Johnson to slash taxes in no-deal Brexit budget
- Boris Johnson slumps in the polls as British public say he would make a bad prime minister
