U.K PM Theresa May has written a letter that will be delivered by hand to E.U Council President Donald Tusk at around 07:30 EST. The triggering of Article 50 is expected to spark long-term volatility for the pound.
Investors are questioning Trump’s reflation trade now that the U.S healthcare reform bill failed to make it onto the ‘floor’ Friday.
The USD ended the week with a muted market reaction as the Trump administration pulled the healthcare bill as there was a lack of support from Republicans to pass the bill into law.
The fact that the President is struggling to push his bill has raised doubts over whether he can win support for his pro-growth economic policy measures.
One major reason for Canada’s favorable trade balance is the low value of the Canadian dollar relative to other currencies. But will the Loonie remain cheap?
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