This week, on Friday, Britain officially leaves the European Union. We then move to a transition period during which Britain and the EU will attempt to finalise their future relationship. Currently, the deadline for finalising that deal is the end of this year. So while this may be the end of the beginning for Brexit, it won’t be falling out of the headlines just yet.
However, the stronger-than-expected survey data from the manufacturing and services sectors that we saw on Friday just past might stay the Bank’s hand.
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The Federal Reserve also gives its latest decision on monetary policy in the US on Wednesday. Rates in the US are almost certain to remain on hold.
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