Weekend headlines: hawkish ECB, PM May's 'no deal' Brexit cabinet
The UK and Eurozone came with weekend headlines around Brexit and ECB policy outlooks.
Firstly, ECB's Weidmann argues that the Central Bank should fix a date to end bond purchases.
The hawkish sounding Jens Weidmann is the head of the central bank of Germany and an ECB member who was quoted in the Spanish newspaper, El Mundo, saying:
"The prospects for the evolution of prices correspond to a return of inflation to a level sufficient to maintain the stability of prices. For this reason, in my opinion, it would be justifiable to put a clear end to the buying of debt bonds by establishing a concrete date (for ending the program)"
As for the weekend's Brexit news, the UK press was reporting that PM May will appoint a minister for a "no deal Brexit."
The Telegraph came with news that PM May will appoint a 'Cabinet minister' who is likely to be based in the Department for Exiting the European Union alongside David Davis, the Brexit Secretary, to provide regular updates on preparations for leaving the EU without a trade deal.
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
