Week Ahead: Article 50, OPEC, Trumpcare
|Last week saw the beginnings of what could be a bigger correction in equity markets as investors showed some long-awaited uncertainty about the Trump policy agenda. The difficulty of ‘repealing and replacing’ Obamacare has investors worried about Trump’s ability to pass tax reform and infrastructure spending bills later, a major reason behind the excitement in markets post-election.
This weekend’s meeting from OPEC will be important for the future direction of the oil price. The triggering of Article 50 will be a big moment for GBPUSD, EU inflation data could determine whether EURUSD breaks 1.08 and the latest GDP stats from the US and UK will be important for confidence in global growth.
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