Brexit

Risk-off sentiment once again made its way. This time, thanks to concerns of a possible impeachment of President Trump. Equity markets whipsawed on Tuesday with the S&P500 dropping the most since late August. On the economic…
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The Bank of England will be holding its monetary policy meeting today. This will be the last monetary policy meeting ahead of the October 31 Brexit deadline. Investors expect the Bank of England MPCs to leave monetary policy unchanged.…
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Boris Johnson, Britain's rather controversial Prime Minister, is running out of options. Last Friday, a bill to block a no-deal Brexit by October 31st passed the House of Lords. It should now be made law as early as Monday. The bill…
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The week ahead will see investors shifting focus to the European Central Bank which will be stealing the limelight given the expectations. However, there are other high-ticket events lined up over the week such as US inflation, producer…
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The UK PM lost the first and most critical battle in Parliament yesterday. MPs voted to block a no-deal Brexit. Rebel Torry MPs joined other party MPs in a bid to take power from Boris Johnson and avoid a hard Brexit. Forex traders were…
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Dollar Marginally Higher On Upbeat Data Flow Last Friday's upbeat personal spending figures helped the US dollar rise to fresh highs, a narrative followed into Monday's slow session and also into Tuesday's London session. Should positive…
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The UK's Prime Minister faces a fresh electoral threat from 20 rebel Tory MPs who have joined Jeremy Corbyn's efforts to rule out a no-deal Brexit. The motion to block a no-deal Brexit will most likely be tabled in Parliament as MPs fear…
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The US dollar was seen rising strongly on Wednesday. The gains came after price turned flat the day before. Economic data remains sparse, and a lack of any new developments in the trade war also helped to improve risk appetite. However,…
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With the UK Parliament out on holiday, Brexit developments aren't as likely. That being said, we're still looking at a busy week for sterling. There are several key bits of data coming out over the next few days, so we'll be expecting…
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The week ahead could be somewhat quiet after the conclusion of the monetary policy meetings of most central banks. Investors look to the data which includes inflation, GDP estimates, and employment across various corners. A slow week in…
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