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Trump whistleblower to give evidence in Congress

While the impeachment inquiry against Trump is intensifying, UK leaders from the Remain camp are looking for ways to seek a Brexit extension.

Centtrip: D-day for Trump impeachment, no-deal Brexit still likely

The whistleblower whose complaint triggered impeachment inquiry against US President Donald Trump has agreed to testify to Congress.

Chair of the House Intelligence Committee Adam Schiff said he had reached an agreement with the anonymous intelligence agent’s legal team to give evidence in person “very soon”. The testimony would begin the process of impeachment, with Congress first voting on whether or not to pass the motion, before it moves onto a Senate trial.

In Westminster, a coalition of Remain-supporting leaders will meet today to plot a way of forcing Boris Johnson to request an extension to Brexit, potentially as early as this coming weekend.

The coalition will try to bring forward the current deadline of 19 October to request an extension, as it leaves little time for a court challenge to stop a no-deal Brexit, if the British prime minister were to defy the law and refuse to ask the European Union for an extension. If they manage to change the date to seek an extension, we could expect to see movements towards an early general election.

Today, Germany will release the latest labour market data, which could cause further volatility for the Euro, especially if the estimated 5,000 new jobless claimants turns out to be greater, coming shortly after drastically weak manufacturing data which showed the German economy was slipping into contraction territory.

A little later on, the UK will release its quarterly GDP data, however this is unlikely to cause too much market movement as it is the final, confirmatory release and market participants will be watching for any fresh Brexit headlines for the direction of Sterling.

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