Market News | Merit Forex

PM planning to attend tomorrow's EU summit Told cabinet there remain outstanding issues Cabinet gave full support Talks with DUP are ongoing

Trade deal is being papered Deal probably won't be signed until he meets Xi in Chile China has already started buying agricultural goods

US Crude oil stocks are expected to rise by 2.772M this week. Note that oil stocks rise by 2.927M barrels last week.

Canada Sept CPI +1.9% y/y vs +2.1% expected

US September advance retail sales -0.3% vs +0.3% expected

Brexit: Main stumbling block has been removed, DUP accepted proposals - report

Brexit: DUP said to have privately accepted Boris Johnson's customs proposals

Michel Barnier has told EU Commissioners he is optimistic of getting a deal done today 

EU SAID TO SEE BREXIT DEAL IMPOSSIBLE UNLESS U.K. MOVES

Actual: 0.8% Forecast: 0.9% Previous: 1.0%

U.K. consumer price growth stayed at 1.7% in September, which is below the expectation of 1.8% rise. While fuel prices, used cars and electricity prices fell, there were increases for furniture, house...

Actual: 1.7% Forecast: 1.8% Previous: 1.7%

The UK CPI inflation is expected to rise to 1.8% from 1.7% year-on-year. A higher than expected reading should be taken as positive for the Sterling.

UK Government is said to be downbeat on chances of Brexit deal, adds that DUP is holding up progress, resulting in chance of a deal as low

Says that UK has made new Brexit proposals But insists that all outcomes are still possible on Brexit

1. UK Consumer Price Index (CPI)  The UK CPI Inflation will be important release for the Sterling. The UK CPI inflation is expected to rise to 1.8% from 1.7% year-on-year...

Reiterates that it is more preferable to have a Brexit deal than no-deal Will have to see what concessions have been made in Brexit negotiations Red line remains the importance...

EU and UK negotiators closing in on a draft Brexit deal, hinges on DUP support

The latest growth estimates: 2020 growth to 3.4% from 3.5% US growth to 2.4% from 2.6% US 2020 to 2.1% from 2.3%

Slack in the UK is increasing again Global outlook has deteriorated since July Sees risk of monetary policy running out of ammunition Scenario of entrenched Brexit unc...

Says that a Brexit deal is difficult but still possible at the summit But need watertight legal text on Brexit Today is a key day to finalize the Brexit text

Rate cuts will be passed on to households via banking system

Barnier said to have told EU27 members that latest UK proposals are not enough Barnier said he needs agreement on legal text by the end of Tuesday to recommend to member states on Wednesd...

Actual: -22.8 Forecast: -27.0 Previous: -22.5