Economic News To Watch This Week
Highlights from last week: GBP did the most last week. British Prime minister Theresa May was under so much pressure. She presented her Brexit deal to her cabinet and later to parliament. A lot happened last week in May’s cabinet. 7 members resigned including Brexit secretary who resigned after the cabinet approved an agreement to leave the E.U. On announcing his resignation, Raab said he could not “in good conscience support the terms proposed for our deal with the EU“. GBP reached its lowest since June 2017. All eyes are still on Brexit as May continues to take charge of Brexit talks.
On another news, OPEC seems to be going back to cutting oil output and that will increase oil price. Below is our weekly economic calendar.