Johnson gave details of "final…

Last Week
GBP:

  • Turbulent week for sterling.
  • Johnson gave details of ‘final’ Brexit deal.
  • Deal included customs checks in Ireland.
  • Conservative Party said this is a “tolerable deal.”
  • Johnson offered little clarity during speech.
  • Market is largely sceptical.

USD:

  • U.S. economy is slowing.
  • Weakness in U.S. manufacturing and service.

EUR

  • Euro fell to 28 month lows.
  • Signs of stress in German economy.

Next week:

  • Weds – USD: Fed meeting minutes.
  • Thurs – GBP: GDP manufacturing and Carney speech.
  • Weds – USD: Consumer pricing index.

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