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Foreign Exchange Update

The Chambers foreign exchange partner 'Rational FX' have published this update:

Foreign Exchange Update

GBP

After a quiet day for economic data releases the markets focus will be on a string of ministerial speeches over the next 10 days which are expected to shed some much-needed light on the government's vision for Brexit. 

Despite parliament being in recess, the next week will be a busy one, with several members of Theresa May's top team - and the Prime Minister herself - scheduled to give various addresses, which should clarify their official position on Brexit.

Foreign secretary Boris Johnson is expected to give a speech outlining his belief in a "liberal Brexit" on Wednesday - although analysts have warned that it could end up being a "Valentine's Day massacre" in the hands of the live-wire minister. Brexit secretary David Davis is also expected to give a speech, aimed at the business community.

The most high-profile speech will be when Theresa May speaks at the Munich security conference on Saturday. It is thought the Prime Minister will set out her plans to remain part of the European arrest warrant and Europol after Brexit.

 

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