020 7898 0500Much of yesterday’s focus was on the pending vote for the amended bill to trigger Article 50. The bill was duly passed and the next step is for the bill to be passed up to House to Lords to be approved.
During the day the Bank of England (BoE) released a survey that indicated 80% of publicly listed companies in Britain believe there is pressure to deliver short-term returns to shareholders due to the obstacle of Brexit. BoE Deputy Governor Jon Cunliffe stated that investment was likely to remain very weak in the short-term. This could pick up once the path of Brexit becomes clearer.
Looking to the day ahead it is once again quiet on the data front. BoE Governor Mark Carney is due to speak at the BoE Inclusion Reception. There has been a lot of discussion regarding the direction of interest rates. The market will focus on Carney’s comments for further clues.
