The Pound got a boost after the news the Brexit Party would step down from Tory-held seats but will still contest Labour territory. However, Arron Banks, the man who bankrolled the Leave the EU campaign, has urged Farage to stand down in Labour-held seats too to make sure Brexit can still go ahead.
While there is still a long way to go, polls are indicating that the Tories could win a majority and that Boris Johnson’s Brexit deal could stand a chance in Parliament, if he were to remain the prime minister.
As for fundamental macroeconomic data, this week will have a slow start.
Then on Wednesday, 20 November the Federal Open Market Committee will release the minutes from its latest interest rate decision meeting. This will be a good opportunity to look under the bonnet of the latest interest rate cut, as well as to look for any clues to what could trigger further cuts in the coming months.
Has Black Friday come too soon?
Runners and riders vying for power