11 January, 2019
EUR/GBP remained on the upside on Friday trading at 0.9030 this morning. In UK, Labour leader Jeremy Corbyn has stepped up calls for a general election at the earliest opportunity to break the deadlock over Brexit. In a speech, he said a new government would have a fresh mandate to negotiate a better withdrawal deal with the EU. Mr Corbyn has resisted growing calls from within his own party to get behind another EU referendum, insisting an election is still his top priority if Theresa May's Brexit deal is rejected by MPs next week. The euro’s upside potential, on the other hand, has been pressured by a slew of weaker-than-expected economic data, especially from France and Germany. The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency. Later this morning, UK Manufacturing and Industrial Production for November will be released.