Theresa May remains stoic, despite taking hits from all sides, as the fallout from the Brexit deal rejection continues.

Currencies remained rather flat, despite the turmoil in the UK. The EUR/USD opened the day at $1.14111 and traded in a tight range early before bumping up to a high of $1.14240 mid-session. It dropped over the next three hours until it hit lows of $1.13771. It recovered some of those losses and is currently trading at $1.13951. The GBP/USD remained steadfast, despite the uncertainty surrounding Brexit. The pair opened at $1.28555 and fell to an early low of $1.28235. The pound rebounded off those lows and slowly climbed throughout the day to hit a high of $1.28966 late. It is not far off those highs, currently trading at $1.28789.

The Dow performed well overnight on the back of some strong earnings data from Goldman Sachs. The index opened at 24,005.84 and fell to an early low of 23,983.59. The Dow rallied off those lows, climbing to a high of 24,283.39 late in the session. It has come off those highs and closed at 24,195.39. The Dax remained reasonable flat yesterday after opening at 10,923.24. The German index climbed to an early high of 10,946.00 before falling to lows of 10,863.50 just a couple of hours later. The Dax climbed off those lows and almost hit fresh highs before closing at 10,930.00.

Market interest still surrounds the UK as they try to come up with a Brexit deal before the March 29 deadline. After surviving the no-confidence vote by a slim 19 votes, Theresa May has her work cut out for her. She has to get an agreement together that not only the UK parliament supports, but one that is palatable to the EU – something that seems close to impossible considering how well negotiations have gone so far. Complicating matters is the fact that the opposition Labour Party has said they will constantly call for votes of no-confidence if the government makes more miss-steps. The opposition party is heavily pushing for a new general election, which will throw all of Brexit into doubt.

Data released today includes:

All – G20 Meetings

Japan – BoJ Governor Haruhiko Kuroda speaks

NZ – Business NZ Manufacturing Index

Australia – MI Inflation Expectations, Home Loans

UK – RICS House Price Balance, BoE Credit Conditions Survey

Canada – ADP Non-Farm Employment Change

Europe – Final CPI & Core CPI, Italian Trade Balance

US – Unemployment Claims, Philly Fed Manufacturing Index, Natural Gas Storage, FOMC Member Randal Quarles speaks

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