Brexit

What has happened to all of the prophetic statements about the British pound falling below $1.15/$1.10 and remaining there? After crashing last year to $1.1840, a 31-year low (some prices suggest $1.1500), it is now up by 12%. The pound…
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The pound starts the week on a sour note amid fresh political turmoil weighing on PM Theresa May, but GBP traders will vie with a busy week of economic data and speeches from the Bank of England this week. The pound was the top performing…
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Last week, the Bank of England hiked interest rates for the first time in nearly a decade by 25 basis points. The rate hike was widely expected, and the BoE Governor Mark Carney hinted that future rate hikes would be limited and gradual.…
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The Bank of England governor, Mark Carney in a speech last week cautioned that inflation in the UK would rise above 3% in the few months. The comments came after earlier in the week, official data showed that consumer prices in the UK rose…
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UK PM Theresa May will do her best to end the Brexit stalemate with the EU in dinner with EU Commissioner Jean Claude Juncker. It will be a series of meetings ahead of Thursday’s crucial EU summit over Brexit, which will determine the…
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On the weekend, the German elections concluded with the incumbent, Angela Merkel's CDU/CSU party winning the elections albeit losing some votes to the fringe parties. The sentiment in the euro was a bit dented as a result. Against the…
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Why is sterling suddenly hitting 4-week highs against the US dollar, dragging euro to 3-week lows and even pushing up against the yen? Emerging opposition from the UK Labour Party seeking to have a smoother Brexit is helping the pound.…
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The common currency is probably heading into posting a second yearly gain against the British pound. Having rallied close to 2009 highs, the euro is seen taking a breather. The euro, which fell to 2007 levels of 0.70 just a year ago has…
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Earlier this morning, everyone was waiting for the UK inflation data, which was supposed to come in higher in June. However, the numbers came in with a surprise slowing down . CPI, Core CPI and the RPI showed a faster slowing down, while…
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Despite the fact that global equities have been declining a little bit since the announcement of Barclays scandal with Qatar, global equities are still near their record levels. At the same time, the bull market seems to be getting…
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