Ambitious May pushes forward

Yesterday’s markets

19th December 2017

  • NZD - ANZ Business Confidence
  • AUD - Monetary Policy Meeting Minutes
  • EUR - Final CPI y/y

Theresa May today met with her Cabinet to express her strong feelings and vision to push for a more ambitious Brexit deal. However, the mood with EU officials is that they will not allow the UK to cherry pick the best things that suits them.  There are still several issues that remain unsolved, but May remains confident that the UK will come out the other side of March 2019 better off.

The Greenback took a tumble yesterday as the markets await the vote on the revised tax bill, which is expected to take place today. It is expected the bill will easily be passed through the House of Representatives. However, the vote in the Senate is expected to be closer, as some Senators remain undecided on the vote.

Today’s markets

18th December 2017

  • USD - Building Permits
  • NZD - Current Account
  • NZD - Trade Balance

FOMC member, Neel Kashkari, is due to speak at an event hosted by the Minnesota chapter of Lambda Alpha International on Federal Reserve policies and trends. Audience questions are expected at the event. In New Zealand, the current account figure and trade balance will be released, expected to post -4.22b and -495m.