Brexit and ECB speak amongst market movers today – Danske Bank
|According to analysts at Danske Bank, today is rather heavy for market moving events on data, Brexit and ECB speakers.
Key Quotes
“On the data front, the Norwegian labour force survey and Swedish manufacturing confidence are released.”
“On the central bank front, several ECB officials are due to speak at the annual ECB watchers' conference, which definitely has the potential to move markets. Most prominently, Draghi will speak at 9:00 am and Praet at 9:45 am CET.”
“On the political front, we have yet another round of indicative votes today on Brexit in the UK (watch out for what they will vote on, especially the formulation on softer versions of Brexit, as it would be important for whether the House of Commons can support it or not). Remember, the indicative Brexit votes are not legally binding and we do not know how the EU will respond, although EU leaders will probably welcome a softer stance. This, however, will likely require a longer extension to negotiate. The main problem about Brexit is there is no majority for anything (except for a majority being against a no deal Brexit) and the House of Commons has voted most proposals down already in one way or another, so what has changed? Voting starts at 20.00 CET and results will likely be in 21:30-23:00 CET.”
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.