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11.02.2019 19:02

UK government spokesman: vote on Brexit deal will not be this week

UK government spokesman James Slack's remarks:

  • Says May is to make a Brexit statement to parliament on Tuesday to give lawmakers an update on Brexit negotiations
  • Government committed to bring vote on Brexit deal as soon as possible, but will not be this week
  • Government will take whatever steps necessary for Britain to leave the EU on time
  • Rules out Corbyn's proposal on Brexit customs union with the EU (UK must have an independent trade policy after Brexit)
  • Says that UK economy continues to grow and remains fundamentally strong

Market focus

  • German economy continues to underperform in August - IHS Markit
  • Gaps remain with U.S. on trade after 'very tough' talks - Japanese Economy Minister
  • FOMC meeting minutes showed the central bank intends to remain flexible regarding future changes to interest rates.
  • IMF: currency devaluations due to policy easing cannot improve trade balance
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