May go the pro-Brexit route

With little on the data front this week, politics will again set the tone. Yet, Brexit fatigue is setting in for markets, especially after the lack of progress from a EU summit last Wednesday that was meant to mark a key step forward.

Pro-Brexit lawmakers have rallied against any extension of the transition, as they don’t want the UK to stay tied to the bloc’s rules. May has faced the threat of a leadership challenge before, and she lacks a parliamentary majority. However, pro-Brexit rebels acknowledge they don’t have the numbers to oust her.