img CDN
img AUS
img NZ
Call us now: 1.844.363.7297
imgOnline Dealing Login

Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

Central Banks the Focus for Week Ahead | Brexit Round 2?

Published December 17, 2018
  • The US Federal Reserve’s monetary policy decision is the main focus for markets this week, as the central bank is expected to raise interest rates for the fourth time this year. The meeting Tuesday will be supplemented with a press conference to follow, as market participants anticipate further indications of the path towards normalization.
  • UK Prime Minister May attempted to mitigate fallout against reports, stating that the government would welcome a second referendum on Brexit. As May’s government prepares to face Parliament, conjecture has strengthened about a second referendum on leaving the European Union. May withdrew a House of Commons vote last week.
  • The Canadian government is poised to renege on a $13 billion deal to export armored vehicles to Saudi Arabia. Trudeau’s administration stated it wouldn’t issue additional export licenses upon review of the arrangement.