Mon, February 12, 2018
Sterling fell as the EU’s chief negotiator said that a Brexit transition period was not guaranteed if disagreements with the U.K. persisted.
GBP headed for a weekly loss as a downbeat tone following the latest round of Brexit talks, as major disagreements remained in the deal and that citizens’ rights was a “major issue” for the EU.
Some are suggesting that a soft Brexit is dead, leaving a hard or even a very hard option.
Sterling fell 0.6% to $1.3830 this morning. It fell 2.2% last week, heading for its biggest weekly loss since October. The pound weakened against the Euro to 1.127
Data to look out today.
Not much data due out today.
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| Day | Time | Currency | Event |
|---|---|---|---|
| Mon 09:30 GBP GBP BOE's Vlieghe Speaks at Resolution Foundation Event in London | Mon 16:30 USD USD U.S. to Sell USD48 Bln 3-Month Bills | Mon 16:30 USD USD U.S. to Sell USD42 Bln 6-Month Bills | Mon 16:30 GBP GBP BOE Policy Maker Ian McCafferty Speaks on LBC Radio | Mon 19:00 USD USD Monthly Budget Statement | Mon USD USD Revisions: Producer Price Index |
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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
| S | M | T | W | T | F | S |
| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
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| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 1 | 2 | 3 |
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