XE Market Analysis: Pound Stumbles Ahead of Critical Brexit Vote Tomorrow

OVERVIEW

  • After its best week in fifteen months, the value of the GBP fell today in advance of tomorrow’s crucial Brexit separation plan Plan B vote in British Parliament.
  • Now that the US government shut down is open (for three weeks for now), the dollar slipped slightly in advance of a two-day Fed policy meeting and the re-opening of US-China trade talks tomorrow. 
  • US Consumer Confidence Index data to be released tomorrow, expected to drop to 125 points

HIGHLIGHT