UK: Key event today to be the Supreme Court’s ruling on Article 50 - TDS
|Research Team at TDS suggests that the key event today in UK will be the Supreme Court’s ruling on Article 50 at 9:30am GMT.
Key Quotes
“After PM May’s Brexit speech last week, which dealt with some of the bigger Brexit issues, how exactly Article 50 gets triggered doesn’t seem all that important anymore. We look for the Court to rule that Parliament must vote to trigger Article 50, but any rally in GBP should be short-lived. It would take a big shock to see a sustainable GBP reaction, like an announcement that 1) Wales, Northern Ireland, and Scotland are all required to approve Article 50, or 2) the Great Repeal Act needs to be approved first.”
“Meanwhile, consensus is looking for PSNB ex-banking to come in at £6.7bn in December, which would be its lowest December borrowing figure since 2007.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.