Brexit billvote in the British Parliament! A historic day! ~Highlights and schedule for March 12~

Since yesterday, the pound has been moving more erratically. Every time there is a statement or headline regarding the Brexit bill, the pound reacts sensitively. When reports say Prime Minister May headed to Strasbourg or that she is negotiating with Jean-Claude Juncker, or from statements and press conferences after negotiations suggesting concessions from the EU, the pound surges again.

◎ Today's points of focus

1) UK Parliament vote

Today, the UK Parliament will vote on the withdrawal bill. Since yesterday, Prime Minister May has headed to Strasbourg and is meeting with Jean-Claude Juncker. There is also rumor that what will be voted on by Parliament has seen considerable concessions by the EU side. If this vote is defeated, it is said that the EU will not move closer again.

Regarding the UK withdrawal bill vote, every time there is a statement or headline, the pound swings significantly. It seems there is a stronger sense that a no-deal Brexit is unlikely, and pound buying has been advancing. We will pay close attention to the results and the pound’s movements. Also, I want to be cautious with fund management.

◎ Today's event schedule

Tuesday, March 12

EU Finance Ministers' Meeting

UK Parliament Withdrawal Amendment

08:00　USDPowell, Federal Reserve Chairman, speaks

09:30　AUD　Housing Loans and NAB Business Confidence Index

15:30　AUD　Debelle, RBA Deputy Governor, speaks

17:30　SEK　Sweden CPI (Consumer Price Index)

18:30　GBP　UK GDP, Trade Balance, MPC Minutes

19:45　EURLyubtenhregier, ECB Executive Director, speaks

21:30　USD　CPI (Consumer Price Index)

21:45　USDBrainard, Federal Reserve Governor, speaks

Wednesday, March 13

02:00　USD 10-year Treasury Note Auction

04:00( provisional)　GBPUK Parliament Brexit Bill vote

08:30　AUD　Westpac Consumer Confidence Index