Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot
The Big Week Ahead
by Richard Carter, Head of Fixed Interest Research
“A big week lies ahead on the Brexit front with time running out for a deal to be reached before the EU summit. On Friday, we saw a surge in the pound as negotiators said they had made a breakthrough but this optimism has waned over the weekend. The UK’s plan for a dual customs arrangement for Northern Ireland could work but it sounds fiendishly complicated and it is not even clear that the DUP would support it…”
By Alan McIntosh, Chief Investment Strategist
“After another period of downbeat news the clouds parted slightly at the end of last week, with more positive developments on the US / China trade front and on the Brexit negotiations. A first steps deal was announced by the US whereby no fresh tariffs will be introduced on Chinese imports this week. Meanwhile China has agreed to purchase more agricultural products from the US. Perhaps a little more cosmetic rather than demonstrating meaningful progress, nevertheless it was sufficient to propel US stocks higher going into the weekend.
More complex are the developments in relation to Brexit. As a pervasive sense of gloom descended upon the whole affair last week… ”