Irish backstop still a sticking point

Last Week
GBP:

  • Mixed week for GBP
  • Irish back stop still a sticking point
  • MPC minutes reiterate a disorderly Brexit to lead to interest rate cuts

USD:

  • Fed cut interest rates by 25 points
  • Trump criticised Powell and FED for cutting rates too slowly
  • Dot plots indicate no further cuts this year

This week
GBP:

  • Mark Carney speaking

EUR:

  • Mario Draghi speaking

USD:

  • Consumer confidence
  • Crude Oil Inventories
  • Final GDP QoQ
  • Core Durable Goods Orders
  • Personal spending MoM

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