Attention turns to Theresa May and Brexit
Good day, everyone! Hope you all had a good weekend and that you're ready to tackle the new trading week. It's been a decent start to the session with light moves all around but the notable one of course being the pound as it continues to be dragged lower by Brexit woes.
The session ahead has little in terms of key data releases so trading will be all about the ebb and flow and European trading in particular will center around Theresa May and whether or not she can get an agreement through parliament - which she is supposed to by today. And let's not forget about Italy too with the deadline to respond to the European Commission with the revised budget being tomorrow.
0730 GMT - Bank of France October industry sentiment indicator
Prior release can be found here. General gauge of factory activity in the French economy. Low-tier data.
0900 GMT - SNB total sight deposits w.e. 9 November
Your weekly check of the deposits kept at the SNB by Swiss banks. This data is a proxy for FX interventions.
0900 GMT - ECB vice president Luis de Guindos speaks in Frankfurt
de Guindos will be delivering the keynote speech at the opening conference of the 21st Euro Finance Week.
We should be in for a more quiet and thin day in trading thereafter with North American traders on holiday in observance of Remembrance/Veterans' Day. The stock market will be open though but expect liquidity to be thin.Treasuries/bonds won't be trading though so that will contribute to thinner flows in the session ahead.
I wish you all the best of days to come and as always, good luck with your trading!
