Yesterday
- Prime Minister Boris Johnson spoke in Downing St yesterday amid rumours of him calling a snap general election. He said that he did not want an election but said if the MPs voted to block no deal they would “plainly chop the legs out from under the UK position”.
- The government is expected to table a motion to hold a general election on 14th October if it is defeated by MPs opposed to a no-deal Brexit today.
- Tory rebels will join forces with Labour to bring a bill designed to stop the UK leaving the EU on 31st October without an agreement which, if successful, will force the PM to request a delay to 31st January 2020.
- Jeremy Corbyn and Labour have said they support the call for a general election.
- UK manufacturing PMI came in weaker than expected at 47.4 vs 48.0.
- GBP/EUR and GBP/USD came off by -0.39% and -0.84%, respectively.
- GBP/USD opened at 1.2147, traded a high 1.2174, a low of 1.2035 and closed at 1.2058.
- GBP/EUR opened at 1.1057, traded a high of 1.1078, a low of 1.1078 and closed at 1.0996.
Overnight
- GBP/AUD, GBP/NZD and GBP/JPY are trading at 1.7808, 1.9042 and 127.08, respectively.
- Australian retail sales m/m came in worse than expected at -0.1% vs 0.2%. Current account data came in better than expected at 5.9B vs 1.5B.
Today
- US ISM manufacturing PMI is due at 3pm.
- Parliament reconvenes today following the summer recess.
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