020 7898 0500Sterling moved very little against the US dollar yesterday, but it did find itself sliding against the euro which has continued overnight. It appears it will be a good end to a good year for the single currency but, as with anything to do with the currency markets, it is impossible to say with any certainty. Still, it would take something extraordinary.
Meanwhile, Theresa May confirmed she would delay Brexit for a very short time in ‘exceptional circumstances’. Following that, she gave evidence to the Commons liaison committee; ultimately, her responses were rather vague and she refused to confirm that MPs would vote on the final EU withdrawal agreement. May was accused of being unrealistic about her assertion that it is possible to complete a free trade agreement with the EU before March 2019. I guess we will have to wait and see.
Today see the release of the public sector net borrowing figures. That is the only economic release in the UK, although tomorrow we will see the GDP growth rate for the third quarter.
