Danske Bank analysts point out that today the voting in the UK Conservative Party leadership contest begins, where the Conservative members of parliament starts the process to narrow down the number of candidates from ten to just two.
“Boris Johnson is the clear favourite to succeed Theresa May but nothing is certain, as the Conservatives have a long history stabbing each other in the back. Yesterday, Boris Johnson said he wants a deal with the EU amid the House of Commons rejecting to rule out no deal Brexit by a small majority (however, it was a warning shot that the new Prime Minister should not try to bypass the Parliament). Eventually, a majority in the House of Commons can always force the prime minister to resign in a no confidence vote, if necessary.”
“The Swiss central bank (SNB) decides on monetary policy today at 09.30 CET; unchanged rates (at -0.75% for both the Libor target and sight-deposit rate) are widely expected.”
“Italy's fiscal stance on the agenda at the euro-zone finance ministers meeting in Luxembourg today.”
“In light of the weak nonfarm payrolls on Friday, we will monitor the initial jobless claims more closely than usually. Jobless claims have in general remained low.”
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.