The Prime Minister suffered a defeat on Wednesday night when a bill to stop a no-deal Brexit was passed by the commons, and a vote for an early general election was also rejected, with the opposition only welcoming an election on the terms that the bill blocking a no-deal will stand.
The bill forces the PM to ask for an extension beyond the 31st October deadline if a deal has not yet been agreed with the EU. This bill now sits with the House of Lords after passing all its stages in the commons.
Uncertainty remains extremely high, with many different outcomes still possible.
In the US, the government has imposed further tariffs on Chinese goods, although talks are set to resume in mid-September.
On the exchanges, sterling remains extremely volatile.
The pound plummeted to a 34-year low against the dollar, breaking below 1.2000, before staging a decent recovery as Boris lost the key parliamentary votes.
GBP/EUR dipped to 1.0950 early this week before rallying to 1.1150, following the political developments.
|9/9/19||UK Monthly GDP||0.0%||0.1%|
|9/9/19||UK Industrial Prod. YoY||-0.6%||-1.0%|
|9/9/19||UK Manufacturing Prod. YoY||-1.4%||-1.0%|
|10/9/19||UK Average Weekly Earns. 3M/YoY||3.7%||3.7%|
|12/9/19||US CPI YoY||1.8%||1.7%|
|Indices||Previous Close||YTD % Change|
|DFM GENERAL INDEX||2890||+14.22%|
UK Benchmark Rates
|3 month||0.76513%||2 year||0.71%|
|6 month||0.80738%||3 year||0.69%|
|12 month||0.87013%||5 year||0.68%|
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