Manufacturing PMI in focus and Brexit in the background.

Manufacturing PMI in focus and Brexit in the background.

Brexit: Ireland’s border to be discussed in Brussels

The spotlight in Europe today will be on the U.K. manufacturing survey at
0830GMT with most other markets closed.

The key takeaway from the data will be:

In the background also sits the Brexit negations taking place in Brussels this week over the problem regarding a hard land border with Ireland once Britain withdraws from the eurozone. This is a very complicated and charged political problem and presents considerable difficulties in finding a solution. It would be reasonable to expect at least a few GBP negative hiccups along the way…

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