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boj & boe

This week will see the continuation of central bank meetings, with the Bank of Japan and the Bank of England meetings on the docket.

The meetings come at a time when some of the global risks are starting to show signs of progress.

The trade deal and the UK Brexit issues were the two biggest concerns. However, with reports suggesting that a deal has been made, investors and economists are likely to be a bit more relaxed.

Elsewhere, the conclusion of the UK general elections has given the Conservative party a majority. This translates to the UK government likely to proceed with its original Brexit plan. The main litmus test comes when the bill is due to be tabled in the UK parliament on the 20th of December.

Both central banks will most likely refrain from making any changes to the respective interest rates. This would keep these meetings consistent with other central bank meetings in the past week.

The Federal Reserve and the ECB both maintained their respective policies unchanged. The...

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