UK – No Deal fears being lifted

Last Week

  • GDP increased by 0.3%.
  • Scottish Court deems Parliament proroguing unlawful.
  • Reports of DUP compromise.
  • The Pound appreciated by over 4%.


  • ECB cut its deposit rate to a record low of -0.5%.
  • Restart of bond purchasing programme of 20 billion Euros in November.
  • Interest rate remained unchanged at zero.

Week Ahead

  • Bank of England minutes.
  • Bank of England interest rate decision – expected to remain at 0.75%.


  • German ZEW Survey,Economic Sentiment – expected to increase to -38.0 from 44.1.


  • FOMC Monetary Policy Statement.
  • Fed interest rate decision – expected to fall to 2% from 2.25%.

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