Pres Trump trip called off, so there you go
If trading GBP this week there will be some headlines later in the week re Salzburg.
There is a setup forming on Eur/Gbp - against most my previous posts - it’s GBP positive.
Many analysts have written off the UK PM as a lame duck, she’s neither, she made one mistake and has played a blinder ever since.
Salzburg will be the next stage, there will be GBP positive sound bites from the EU 27 and Chequers proposal will not be written off.
One of the leading anti EU members of government threw in the towel today when he said “a future prime minister could always choose to alter the relationship between Britain and the European Union.” (Michael Gove).
Likely the market will perceive this as a divergence from the stance taken by other anti EU MP’s who remain anti Chequers.
The EU 27 will seek to shape the Chequers proposal but very unlikely to reject it.
GBP positive - in the shorter term at least imo.