The uncertainty around Brexit weighs upon the entire UK economy, the consumer inflation YoY ranges up to 1.20%. The mortgage index, announced by the British Bankers' Association, seems to be also retracting. It is also perceived that the Britons are hoarding cash in an anticipation for a heightened economic uncertainty.

Europe still seems to be under strain due to the crisis. The Deutsche Bank capital requirements for the upcoming year were lowered by the ECB. The Romanian economy is further spiralling into disarray due to the clash over their new cabinet and that could be a serious negative factor for the EU. However, not all is grim with the EUR as it may have improved due to the M3 Money supply, Private Loans release, and 10-years Bond auction by Italy which is also coming ahead.