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Introduction: The book resumes after the Brexit extension
Hello and welcome to our slippery coverage of the global economy, financial markets, the eurozone and businesses.
Sterling has tended to be Brexit's barometer of investor sentiment, as the pound sterling reacted to trade fluctuations.
The last twist of the Brexit saga is no different. The pound sterling was down more than 1% down on Thursday, while it seemed like an exit without agreement next week was a real possibility. But his fortune was restored when European leaders in Brussels agreed to an extension of the Brexit deadline after hours of late discussions.
A practical explanation of Donald Tusk, President of the European Council:
Donald Tusk
(@ Eucoprésident)The EU27 responds to the demands of the United Kingdom in a positive spirit and:
Accepts the art. 50 extensions until May 22 if the withdrawal agreement is approved next week
If not agreed next week then extended until April 12th
? approved 'Strasbourg Agreement'
Continue preparations without agreement
The pound is currently up 0.3% against the dollar at 1.3140 USD and 0.2% against the euro at 1.1540 €.
L & # 39; s calendar:
- 9:00 GMT: Flash Eurozone PMI surveys for services and manufacturing sectors in March
- 13:45 GMT: US PMI flash surveys for services and manufacturing in March
- 14:00 GMT: Existing US home sales for February
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