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Market Reports

10:48am, November 19th 2018

A big few days for UK politics in a holiday shortened week

This will be a huge week for Theresa May as she begins the process of defending her deal and attempting to win over support, whilst fending off rebel Members of Parliament from within her own party who wish to oust her. The Prime Minister has confirmed she’ll also be heading across to Brussels where she will be finalising and potentially tweaking certain elements of the deal, she’s also stated that she wishes to sit down with Jean-Claude Junker to iron out some issues. In an interview with Sky News yesterday the under pressure PM confirmed that as far as she was aware the Conservative 1922 Committee did not have 48 letters pushing for a no-confidence motion. It will be very interesting to see how this develops, after all, this no-confidence saga has been rumbling on for months now. Rees-Mogg’s parading of his letter in front of journalists last week may well have been a tad premature.
It’s a holiday-shortened week in the US, this means no US dollar payments can be made on Thursday as the US will be observing Thanksgiving. It’s a quiet few days for economic numbers across the pond. Outside of housing and durable goods data the focus will mainly lie with ongoing trade concerns with China. These tit for tat exchanges have been going on for the majority of the year now, they gradually escalated and now it appears we’re approaching an inflection point.

Written by Vivek Savani. 10:48am, November 19th 2018

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

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