Currency comment 3/20

The currency market was very quiet on Monday. The largest move was in the British pound as PM May stated that she would trigger Article 50 to begin the process of leaving the EU on March 29th.

The news Monday was dominated by Washington politics. The FBI director testifying on the recent election and the Russians, hearings on the new candidate for the open Supreme Court seat and the expected introduction of the repeal and replacement of Obamacare legislation on Thursday.

It appears that the politics of Washington will stay front and center for the entire week as there is no major economic reports expected this week. News flowing from England and the continent may inject some fireworks into the pound and the Euro currency.