Despite the distraction of a U.S. government shutdown, the focus of capital markets this week will return to the more upbeat message of the global growth upswing and a couple of G7 central banks monetary communications.
The U.S. tax cut vote is expected to take place Tuesday and will almost certainly pass. It will go onto a Senate vote later in the week and possibly allow President Trump to sign it into law ahead of Christmas.
In the U.K., British assets are expected to be in for a choppy ride as key consumer and producer price data along with the latest data on the labor market and retail sales tops the agenda, as too does a threat to PM May’s leadership.
The US dollar is higher across the board against major pairs, but had a mixed performance Friday in the aftermath of the release of the US non farm payrolls (NFP) report. Here's what you need to know going into this week.
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.