Forex Fundamental Analysis

It is shocking to anybody who has looked into the consequences of a “no deal, no transition” exit from the EU

After a lengthy and apparently fractious cabinet meeting, Theresa May made an invitation to the leader of the opposition, Jeremy Corbyn, to enter into talks with her in a bid to resolve the Brexit impasse.

In footballing terms, the Brexit match has gone into extra time and penalties loom.

Last week was the final trading session for the month and Q1. It was a mostly positive affair for the world’s major stock markets with all the major markets closing higher except for the Nikkei.

The EU withdrawal bill contained two elements: the withdrawal agreement itself and the political declaration on how EU-UK relations may be in the future.

The Federal Reserve has indicated that it is unlikely to increase interest rates this year and foresees only a single rise in 2020.

In the great scheme of things, the UK was due to exit the EU on Friday, so a great deal more interest ought to have been focussed on the decision of the Bank of England’s Monetary Policy Committee

The latest twists in the Brexit saga have seen parliament vote to allow a series of “indicative votes” tomorrow in the hope of finding a pathway to (or out of) Brexit which can find enough parliamentary support for a majority position to emerge.

Last week was a mostly negative affair for the world’s major stock markets with all the major markets closing lower except for the Nikei.

The upshot of last night’s EU summit is that the EU has granted the UK an extension of its A50 notice period, without condition, until the 12th of April 2019.

Parliament has not endorsed the EU withdrawal bill, but has voted not to leave the EU without a deal in place, however, as the vote was not binding on the government, exit without a deal in just eight days remains the legal fact.

The battle cry of Leave campaigners was that the UK should withdraw from the EU and “take back control” of its laws, borders and money – it sounded good but was always just a rhetorical device.

Last week was a positive affair for the world’s major stock markets with all the major markets closing higher.

Following the rejection, for a second time, of the EU Withdrawal Bill and a decision that parliament does not wish to leave the EU without a deal in place

Hot on the heels of a further major rejection of her withdrawal deal, the British PM, as promised, put a question to parliament which asked if it would countenance leaving the EU without a deal.