Analysts at Rabobank suggest that markets should expect lots of activity in the UK today as that clock keeps ticking, and from the EU as they watch the UK do all the wrong things with the precious-little time they have left.
Key Quotes
“Expect lots of “flextension” headlines from some EU sources, and lots of “France has had enough!” headlines from others. GBP is likely to be whipsawed as a result, if the market has any sense.”
“Data-wise, we have German trade numbers, where we can look and see if exports to Asia are showing any signs of recovery or not. Canada has building permits and housing starts; and the US has factory orders (expected -0.5%) and final durable goods orders, where we will look to see if there are any further signs of slowdown emerging or not.”
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