A stack of activity lies ahead this week as Brexit remains in focus.

The EURUSD made some solid gains on Friday after opening the day at $1.11234. The pair was flat early, dipping to a low of $1.11143 before rebounding and climbing to a high of $1.11702 late in the day. It has come off those highs slightly and is now trading at $1.11517. The GBPUSD withstood Brexit uncertainty to add some value to end the week. The pair began the day at $1.28902 and declined in early trading, where it hit lows of $1.28378 mid-session. The pound climbed off those lows, rallying to a high of $1.29645 in the final hour of trade. It has slipped from that peak and is now trading at $1.28939.

The Dow was belted on Friday as disappointing earnings data weighed the market down. The index started the day at 27,038.71 and traded in a tight range early, before edging up to a high of 27,069.14 heading into late-session trading. The Dow tumbled to lows of 26,770.13 in the final hour of the week before closing at 26,797.91. It is now trading at 26,822.82. The Dax had a mixed session on Friday, opening and closing flat. The German index began the day at 12,662.63 and fell to near-session-lows of 12,603.77 early. Bouncing off those near lows, the Dax climbed to a high of 12,700.69. It fell away from those highs, dropping to lows of 12,597.89 before closing at 12,657.67.

The week ahead looks set to be dominated by Brexit and the UK parliament. The House of Commons voted to postpone a vote on the Brexit deal until a few amendments were passed. This has forced Boris Johnson to seek a Brexit extension. The Brexit deal is expected to be re-introduced early this week, so we may get a deal done or it could just be business as usual.

Data published today and the most important this week includes:

Today – NZ Credit Card Spending, Japanese All Industry Activity, German PPI, German Buba Monthly Report, MPC Member Andy Haldane speaks

Tuesday – Canadian Federal Election, Canadian Core Retail Sales

Wednesday – US Existing Home Sales, BoC Business Outlook Survey

Thursday – ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference, US Core Durable Goods Orders & Crude Oil Inventories, European, German and French Flash Manufacturing PMIs, European, German and French Services PMIs

Friday – US Flash Manufacturing & Services PMIs

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