Pretty much an empty calendar in the European morning
Good day, everyone! Hope you're all doing well as we move towards the session ahead. We've already had some decent moves in the currencies space with the Australian dollar stealing the headlines after yet another poor GDP report to end the 2018 year.
Meanwhile, the pound remains pressured after Brexit negotiations continue to show a lack of substance as we wait on further details before the meaningful vote scheduled to take place before 12 March. If you need an idea of what sort of assurances that will be offered by European leaders at the end of the day, you can refer to this post here.
The session ahead is going to be a quiet one in terms of what to expect from the data docket so that will see markets put more emphasis towards the Bank of Canada meeting later today instead.
1200 GMT - US MBA mortgage applications w.e. 1 March
Weekly US housing data, measures the change in number of applications for mortgages backed by the MBA during the week. Not the biggest of data points, but a general indicator of the housing sector sentiment.
1215 GMT - BOE deputy governor Jon Cunliffe speaks in London
Cunliffe will be speaking at the London School of Economics' economic symposium. The conference will center around the topic of "The next great crisis". So, expect comments to pivot around financial challenges and the economy. I wouldn't expect much to come from Cunliffe though considering that Brexit remains the key agenda for the UK now.
That's all for the session ahead. I wish you all the best of days to come and good luck with your trading!
