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As far as the US CPI is concerned, this will be the last piece of major news before the Federal Reserve’s rate decision next week. So, unless it shows a surprisingly strong or surprisingly weak reading, it is unlikely to have any meaningful impact on the decision of the FOMC when it comes to monetary policy.

The pound initially fell on the back of the inevitable news that the UK Prime Minster was facing a vote of confidence this evening. However, Sterling then rebounded as several ministers came out and voiced their support for Theresa May.

The Federal Reserve’s last policy meeting for the year will be on December 19-20, when the FOMC is most likely to vote for another 25-basis point rate increase.

It has been a hectic start to the new trading week. Brexit-related headlines and the pound garnered most of the attention, although we have also seen some sharp moves in the likes of the USD/JPY and equity indices.

The GBP/USD has dropped to its session lows while the EUR/GBP has hit 0.9000 on the back of news reports that UK Prime Minister Theresa May is going to delay Tuesday’s parliament vote in order to avoid a huge defeat.

Next week is unquestionably one of the most exciting times you will see in the markets particularly for the GBP/USD and pound crosses as we will have the all-important UK parliamentary vote on the Brexit deal coming up.

Ahead of the November US non-farm payrolls report, we have seen a massive slide in equity prices and then a decent rebound on Thursday as the indices tested their respective support level.

The so-called OPEC+ group of oil producers, which includes the traditional players in the oil cartel as well as non-OPEC countries such as Russia, look set to agree on cutting oil production to help shore up prices, defying calls from US President Donald Trump to leave output unchanged and keep prices low.

With the ECB’s policy normalising plans still unchanged while the Fed is apparently no longer as hawkish as it once was then the EUR/USD ‘should’ in theory go up from here

There is a real risk that we may not see any real follow-through in gains for stocks because US indices had already gone up for several days prior to the G20 summit last week.

The G20 summit in Argentina will conclude at the weekend which potentially means fireworks at the Asian open on Sunday night as risk-sensitive assets could gap sharply in one or the other direction, depending on the outcome of trade talks between Presidents of China and the US.