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.
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.