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Market View

Market Recap – Brexit Deja-Vu

Tuesday, October 22, 2019 10:32 AM GMT

Another make or break vote in the UK parliament, on Brexit, is on today’s menu. Provided that the EU grants the extension of the October 31 deadline, as it has been officially asked by the UK on Saturday, GBP bulls should not worry.

Justin Trudeau, the Canadian Prime Minister and leader of the liberal party, won the Monday’s general elections but has lost the parliament’s majority. The Canadian economy is growing close to potential GDP growth, with inflation on target. The housing market has rebounded in the last couple of months and the major source of concern remains the weak consumption.

Today, Recep Tayyip Erdogan, the Turkish President, visits the Russian President Vladimir Putin in Sochi to talk on Syria. Note that the ceasefire, that followed last week’s Mike Pence and Mike Pompeo’s visit in Turkey, expires today.

Macro releases & Earnings: Today’s economic agenda includes the Canadian Retail sales, and the earnings of  Procter& Gamble, McDonalds, Lockhedd Martin and Harley Davidson.


The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading and do not constitute an offer or invitation to anyone to invest or trade.

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