020 7898 0500Towards the end of Monday night, Buzzfeed published a story concerning the government’s new analysis of the impact of Brexit. The assessment says that the UK would be worse off outside the EU under every scenario modelled. The pound began the day by weakening against the euro and dollar, but by the end of the day it had retraced its position and strengthened against both. Another volatile day.
Perhaps the main talking point was the Lords debate on the EU withdrawal bill in which, unsurprisingly, much was said. Lord Mandelson said a second Brexit referendum might become unavoidable; while Lord Butler of Brockwell said he was in favour of a second referendum (although he conceded the bill being debated was not the vehicle by which this should happen).
The number of mortgages approved in December 2017 fell to 61,039 against expectations of 66,000. Today we will see the consumer confidence for January and the Nationwide house prices for the same month.
