January key events
Thursday, January 9: France – Pension reform negotiations. Start of the second round of negotiations between the government and trade unions on the pension reform.
Tuesday, January 14: United States – Comments due on proposed tariffs on imports from France. The US Trade Representative proposed tariffs on imports from France as part of a Section 301 investigation into France’s digital services tax. Final comments are due on January 14, at which point the USTR could announce a decision on how it is moving forward with the issue.
Monday, January 20: EU – EU Commission to review EU fiscal framework.
Monday, January 20-21: Japan – BoJ monetary policy meeting.
Thursday, January 23: EU – ECB Governing Council meeting.
Wednesday, January 29: United States – FOMC meeting statement.
Thursday, January 30: UK – BoE MPC meeting (and monetary policy report).
Friday, January 31: UK – Article 50 extension ends under current legislation. On current legislation, the UK’s latest Article 50 extension ends on this date. Given that MPs in the House of Commons have already passed the second reading of PM Johnson’s Withdrawal Agreement Bill, we expect domestic ratification of the terms of the UK’s exit from the EU to be completed well in advance of 31 January. On that basis, the UK will have formally left the EU (on the status quo terms embodied in the post-Brexit transition period) as of 1 February.