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Early this morning it was announced that “sufficient progress” had been made in the Brexit negotiations for discussions to commence about our future trading relationship with the European Union.
Brexit has been firmly on the market’s radar since the June 2016 Referendum, and this week was no exception. However, there was one notable difference compared to the previous attention the matter has received: there actually appeared to be some progress to discuss, rather than the usual posturing and rhetoric we have become so accustomed to.
This week, Phillip Hammond unveiled his first UK Budget since the General Election in June.
Inflation has been stubbornly low across major economies, struggling to hit Central Banks’ 2% target. Data released this week confirmed this trend yet again.