The pound briefly slipped from a 3-week high yesterday on the shocking news of a terrorist attack outside parliament. Today, although the mood is sombre, there’s good news in just released data showing UK Retail Sales unexpectedly rose by 1.4% in February. US President Donald Trump’s first bill before Congress, the Republican healthcare plan, appears unlikely to win today’s very close vote. This doesn’t bode well for Trump’s ability to deliver on his ambitious $1 trillion spending spree or his tax reform plans. The US dollar is down to a 4-month low and global markets are trading lower due to the uncertainty regarding the world’s largest economy.
The president of the European Commission, Jean-Claude Juncker, said in an interview to BBC aired on Friday, that he was sad about the UK referendum vote and Brexit, which he believes is a “failure and a tragedy.”