UK: Queen’s speech and PSNB in focus - TDS

For the second month of the fiscal year, markets are looking for UK’s PSNB ex-banks to come in at £6.8bn, compared to £7.0bn one year ago, explains the research team at TDS.

Key Quotes

“Today we also get the Queen’s speech at 11:30am and the official opening of parliament. Although parliament doesn’t vote on the speech for another week, which could be a bit more contentious given the lack of a deal yet with the DUP. And even once a deal is reached, the government will be left with an extremely narrow majority, and will need to have everyone present to avoid being voted down. Today the BoE’s Haldane is also speaking at noon, during a regional visit to Yorkshire and the Humber.”