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Today's Market Fundamentals
It will be another big week for Brexit lawmakers, there is another meaningful vote on Tuesday, the idea behind that is that it gives enough time for PM to get a vote but if she fails – she will have to have a session to give the EU a reason for an extension. The rest of the political parties will be sure to recognize that the public are starting to protest against government in a hope that a deal gets done – I am sure this is becoming embarrassing for them, it is after all the opposition that are preventing this from getting done.
Rumours are that the DUP, a major opposition of a deal getting done stayed in London over the weekend to get a deal done. Talks were seemed constructive, although the thing holding them up is the backstop over Northern Ireland. To me it seems as though if the EU will agree on something that eliminates the legal risk, then the deal could get done.
Elsewhere, Donald Trump used a veto on the weekend to get emergency funding to get a funds for a border wall. Congress have vetoed the resolution but will need 67% of congress to block it – which is highly unlikely.
Today's Market Trading Levels
1. UK100 SELL 7240 – 7260
2. DE30 SELL 11700 – 11720
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