Mon, September 25, 2017
The Pound declined 0.6% to below the 1.35 level versus Dollar after Theresa May started laying out her plans for leaving the EU.
The U.K. will have to pay something to help secure this transition period, the PM suggested to pay enough into the EU to ensure no other member will have to pay more during the current budget round ending in 2020. However, a sum was not mentioned but it is believed to be around €20bn.
The EU expects the U.K. to work out the problem of the border between Northern Ireland and the Republic once the UK departs the bloc and its customs union.
The Pound rose slightly over the weekend against the Dollar and the Euro to 1.3525 & 1.1360.
Data to look out for today.
14:00: EUR: Draghi Speaks In Brussels
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| Day | Time | Currency | Event |
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| MON | 07:00 | EUR | EUR ECB Vice President Constancio speaks in Frankfurt | MON | 08:00 | EUR | EUR German IFO - Business Climate | MON | 08:00 | EUR | EUR German IFO - Expectations | MON | 08:00 | EUR | EUR German IFO - Current Assessment | MON | 09:15 | EUR | EUR ECB's Mersch Speaks at Lisbon Conference on Risk Management | MON | 12:30 | USD | USD Fed's Dudley Speaks on Workforce Development | MON | 12:30 | USD | USD Chicago Fed Nat Activity Index | MON | 13:00 | EUR | EUR ECB President Draghi speaks in Brussels | MON | 14:30 | USD | USD Dallas Fed Manufacturing Activity | MON | 14:45 | EUR | EUR ECB's Coeure is chairing a panel is Frankfurt | MON | 15:30 | USD | USD U.S. to Sell USD42 Bln 3-Month Bills | MON | 15:30 | USD | USD U.S. to Sell USD36 Bln 6-Month Bills | MON | 16:40 | USD | USD Fed's Evans Speaks on Economy and Monetary Policy |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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