Germany’s economic performance in Y 2018 was its weakest in 5 years, it was reported Tuesday. The German economy grew 1.5% last year, a sharp decliner from the 2.2% expansion in Y 2017, and the slowest annual rate since the European debt crisis in Y 2013. Experts say the slowdown was due to a number of […]
$GBP, $USD UK lawmakers defeated Prime Minister Theresa May’s BREXIT deal Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the Y 2016 decision to leave. After Parliament voted 432-202 against her deal opposition Labour Party leader Jeremy Corbyn promptly called a vote of […]
$SPY, $GLD Surprise, after all of the ‘bunk’ you have heard since early October, do not be shocked that there will be no additional Fed rate hikes, a 20% S&P 500 rally and no recession.. Byron Wein defines “surprise” as an event that the average investor would only assign a 33% chance of taking place […]
2019 Will Bring Volatility, But No Recession, UBS Said in its year end report The year will bring increased volatility but no recession, UBS predicts in its “2019 Year Ahead” outlook report. Because of that, investors should stay invested and look for opportunities that the uncertain market will provide, the financial firm advised. On balance, […]
Now the chances of the UK leaving the EU are “50-50’’ if Parliament rejects Prime Minister Theresa May’s withdrawal agreement in January, International Trade Secretary Liam Fox said in an interview Sunday. “If we were not to vote for that, I’m not sure I would give it much more than 50-50,” the veteran campaigner for […]
The UK is free to unilaterally revoke a notification to depart from the EU, the European Court has ruled. The judicial body said this could be done without changing the terms of London’s membership in the bloc. The European Court of Justice (ECJ) opined in a document issued on Monday that Britain can reverse Article […]
Theresa May, “I will be the PM to take Britain out of EU” Saturday, Theresa May said she would be the Prime Pinister to take Britain out of the European Union and that Parliament should back her BREXIT deal to ensure certainty for the future. Ms. May inked a deal with EU leaders last Sunday […]
President Trump, “BREXIT deal could mean UK cannot trade with US” BREXIT agreement could jeopardize the UK’s ability to trade with the US The country on course to crash out of the bloc with No agreement in place. The agreement blessed by the EU Sunday is a great deal for the EU The EU has frequently […]
EU Leaders Seal BREXIT Deal, Call on Britons to Back PM May Sunday, EU leaders warned the British parliament not to wreck Prime Minister Theresa May’s BREXIT deal, saying a package agreed is the best Britain will get. “Those who think that, by rejecting the deal, they would get a better deal, will be disappointed,” […]
BREXIT Progress: UK Gives Consent to Spain over Gibraltar, Deal Done Spain’s junior minister for the European Union says British authorities have consented to Spanish demands granting Madrid prior approval on matters relating to Gibraltar. Luis Marco Aguiriano says “we have a promise, a commitment, from the British government saying they are ready to … […]
The Key Points of the Draft BREXIT Deal The UK and the EU have agreed to the final bit of their BREXIT deal, setting out a vision for close economic ties in a draft that hands Prime Minister Theresa May some Key political wins. EU Council President Donald Tusk said the draft had been agreed […]
Bank of England’s BREXIT Analysis Due Next Week The Bank of England will publish its economic analysis of Prime Minister Theresa May’s BREXIT deal next week as well as an assessment of what would happen if Britain crashes out of the EU with No deal. The assessments will be sent to lawmakers on the Treasury […]
British Cabinet Backs PM May’s BREXIT Plan British Prime Minister Theresa May said on Wednesday that cabinet had backed her BREXIT plan, adding it was in the national interest but that there would be difficult days ahead. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline […]
Prime Minister Theresa May on Tuesday faced her divided ministers as negotiators scrambled to secure a divorce agreement with the European Union and anxiety mounted over the risk of a no-deal Brexit. May said Monday her government was working “extremely hard” to save a deal, telling officials of London’s financial district that negotiations “are now […]
Brexit Latest Update Exhausted diplomats in Brussels have taken to calling this stage of the Brexit negotiations “The Tunnel”. British and EU officials are negotiating day and night to get to the outline of a Brexit deal by Wednesday. They need to resolve the final sticking points, notably on customs checks for Northern Ireland, before […]
BREXIT Deal Getting Closer A European Union (EU) chief says the chances of Britain and the bloc striking a BREXT deal are rising, amid reports the two sides are moving closer on the fraught issue of the Irish border. European Commission President Jean-Claude Juncker told Austrian newspapers in comments published Saturday that “the rapprochement potential […]
Campaigners for a second referendum on Brexit are braving scepticism and even hostility as they hit Britain’s streets as part of a growing movement to get Britons to change their mind. More and more politicians are calling for another vote and recent polls show some 40 percent of the population support it but reactions are […]
Gold Down and USD Up on Fed Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold Gold is down more than 13% from an April high, largely because of the stronger USD Concerns about Iran sanctions led to a widening difference between NYMEX WTI Crude and ICE Brent Crude prices Global mining […]
Gold Up and USD Up on FOMC Rate Hike + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Thursday, Gold prices rose, as investors looked for bargains after the metal fell a 2-week lows in the prior session following a US interest rate hike and as limited gains in USD after the decision supported demand […]
Gold Steady on Flat USD, and FOMC Rate Policy Announcement + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold prices drifting in a narrow range Wednesday as investors awaited cues of the FOMC’s 2-day meeting, where policymakers are expected to raise interest rates for the 3rd time this year. Spot gold was up […]
Gold Flat on Firm USD, China Trade Tensions Continue + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold was steady Tuesday on US-China trade tensions after $200-B of tariffs came into effect, investors stay on the sidelines ahead of the FOMC policy meeting. Spot gold was barely changed at 1,198.28 oz by 0056 GMT. […]
Gold Down on From USD, as China Halts Trade Talks + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Gold edged lower Monday, as USD held firm on news that China has cancelled trade talks with the United States, with the market also eyeing this week’s FOMC policy meeting for guidance on […]
Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]
Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
BREXIT Negotiator Says, “Deal Possible by November” The European Union’s chief BREXIT negotiator says a divorce agreement with Britain by early November is “possible,” and that has triggered a big rally in the Great British Pound. At a conference in the Alpine lake resort of Bled in northwestern Slovenia, Michel Barnier said a BREXIT deal […]
GBP British Inflation Accelerated British inflation accelerated last month on high transport costs, hitting average workers’ purchasing power — but boardroom pay has surged, data showed Wednesday. The Consumer Prices Index (CPI) 12-month rate picked up speed to 2.5 percent in July after 2.4 percent in June, the Office for National Statistics (ONS) said in […]
FX: Sterling (GBP) Traders Focused on BREXIT Outcome GBP/USD: -0.32% to 1.2721, Tuesday’s action is the 9th consecutive decliner for the GBP Having sunk to 13-month lows, the Pound Sterling could fall by up to another 10% in the coming months should Britain crash out of the EU without a deal on future trade ties, […]
Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed Friday, helped partly by sunny weather and the World Cup football tournament. Gross Domestic Product — the value of all goods and services produced in an economy — grew 0.4 percent in the three […]
The Bank of England appears set Thursday to hike interest rates to combat high inflation, as it eyes fallout from both Brexit and the global trade war, economists say. Policymakers are widely expected to ramp up the British central bank’s main interest rate by a quarter-point to 0.75 percent — which would be the highest […]
Britain is moving ahead with plans to negotiate a free trade deal with the United States as soon as it leaves the European Union, International Trade Secretary Liam Fox said Wednesday. But Fox also said he would like to see a “de-escalation” with Washington over the growing array of tariffs, as he offered an energetic […]
BREXIT: UK want US Deal As the British government prepares to finalize its withdrawal from the European Union and create new trade agreements, 64 percent of British voters and 67 percent of American voters support a strong, bilateral trade agreement between the two countries, according to a YouGov poll commissioned by Washington-based FP1 Strategies and […]
UK PM Theresa May’s Power Weakened Over BREXIT Former UK Foreign Secretary Boris Johnson implored fellow lawmakers not to abandon BREXIT urging them to remember the initial enthusiasm for a sharp break from the EU. UK Lawmakers confronted Prime Minister Theresa May on her plans for leaving the European Union Wednesday, with testy exchanges in […]
Trump-May Relationship Solid Despite BREXIT Comments Thursday, Christopher Ruddy said that President Donald Trump and British Prime Minister Theresa May had a “love fest … in terms of their 2 countries” at a state dinner in London despite the President’s interview that May’s BREXIT plan would imperil a free-trade deal with the US “I would […]
President Trump: “May’s BREXIT Plan Could ‘Kill’ US Trade Deal” British Prime Minister Theresa May’s plan for BREXIT would “probably kill” the prospects for a free trade deal with the United States, US President Donald Trump said in an interview Thursday “If they do a deal like that, we would be dealing with the EU […]
Soros Seeks to Overturn Democracy in UK Brexiteers have reacted with fury at the upcoming launch of a new campaign by pro-Remain group ‘Best for Britain’ which is demanding a second referendum on the UK’s membership of the European Union. “We made our mind up already,” said UKIP MEP Nigel Farage on his LBC radio […]
The Key Points in the Brexit Deal From the Irish border to the divorce bill, the deal struck Friday between Britain and the European Union covers the main terms of divorce. It also paves the way for the 2 sides to start negotiating on the Key points of their future relationship, such as trade. Below […]
The families of those killed in Berlin’s Christmas market attack last year have lambasted Angela Merkel in an open letter. They particularly accused the German chancellor of “inaction” in the face of terrorism and negligence toward the attack victims. The attack, during which a Tunisian asylum seeker, Anis Amri, drove a truck into the crowded […]
Trump Should Consider Travel Ban on UK Donald Trump is worried about crime, but not in the US. Not only does the president see the reported rise in UK crime rates as a threat to US citizens, he also recognizes the rise in sex assault, burglary and homicide in Britain is the result of radical […]
Britain Could Fall to Islamic Extremism It is no surprise with Europe’s open door policy and a Mayor that is a supporter of Islamic Extremism that the UK is now under serous threat from ISIS and other Muslim groups. Britain was flooded with “refugees” as weak politicians and sinister forces like Sadiq Khan cried racism […]
Tensions Arising on How UK Should Exit EU British Prime Minister Theresa May is facing new tensions within her Conservative Party on the Question of how to best manage Britain’s departure from the European Union. UK Foreign Secretary Boris Johnson told reporters that a proposed transition period to ease the impact of Brexit must not […]
European Commission President Jean-Claude Juncker Pushes Socialist Agenda Firstly Lets Remember Exactly Who Juncker Is On Greece’s economic meltdown in 2011 “When it becomes serious, you have to lie. On the introduction of the euro “We decide on something, leave it lying around, and wait and see what happens. If no one kicks up a […]
The euro broke through the psychologically important $1.20 barrier against the U.S. dollar for the first time since January 2015 on Tuesday, a move that could help cement the shared currency’s newfound role as a global haven unless the European Central Bank intervenes. The shared currency has strengthened more than 14% against a broadly weaker […]
THERESA May’s plans for a hard Brexit could boost the UK economy by £135 billion a year, top economists have predicted. They believe the UK could reap trade gains worth £80bn annually by removing tariffs for both the European Union and the rest of the world. Deregulating the economy and other Brexit-related policies could provide […]
Downing Street sources have played down reports that the UK is prepared to pay a divorce bill of up to £36bn to try and force progress in stalled Brexit talks. The figure amounting to some €40bn would be offered in a bid to push discussions on from withdrawal and towards a future trade deal. Theresa May is expected […]
Bank of England says Brexit and the uncertainty around it has already hit people’s incomes and is weighing down the economy. Households have cut back on spending and businesses on investment, slowing the economy’s growth. It comes as the Bank downgraded its forecasts for the British economy this year, just days after EU statistics indicated the eurozone […]
The Government has proposed setting up a national investment fund to help fledgling UK businesses thrive and compete with their US counterparts, even after Brexit. The Treasury said on Tuesday that a consultation had identified a £4bn funding gap between US and British firms and that the new fund would “help address this gap and boost British business”. It also […]
The battle to control euro clearing once the U.K. leaves the European Union is getting uglier. LCH, the London Stock Exchange Group Plc unit that dominates euro clearing, wants to stop the European Central Bank from gaining the power to veto its decisions. Eurex Clearing, the Deutsche Boerse AG-owned subsidiary that would probably benefit most if London was […]
The pound started to fall against other currencies in the autumn of 2015 as financial markets started to factor in the possibility of the UK voting to leave the EU. By the time it reached its low point shortly after Theresa May raised the prospect at the Conservative party conference of Britain leaving without a deal, […]
Slightly better than expected wages and jobs data saved Britain’s pound from another downward lurch on Wednesday, offsetting a series of political and economic warning signs as talks on leaving the European Union get going. Amid the resulting falls in the pound, several of the Bank of England’s monetary policy panel members have stepped in […]
Jeremy Corbin Trying to Overturn Brexit The government has on Thursday published the bill to “maximize continuity” on the day the UK effectively withdraws from the EU wherever it is “practical and sensible”. Labour has threatened to block the bill in an attempt to overturn the democratically chosen Brexit. Labour is calling for a guarantee […]
Highlights At the end of a tumultuous week for the UK economy, the pound has dropped by -0.4 per cent against the US dollar. The Pound to Dollar exchange rate is seen trading in familiar territory at the start of a new week in global FX with one Pound buying 1.2872 US Dollars on the […]
Brexit – Britian leaving the European Union What even is the European Union? It’s sort of a United States except instead of states, it’s a union of nations. The 28 member countries agree to open their borders to other EU members, share a common market, and abide by various social and political policies. why do […]
The exchange rate has showed signs of recovery as it jumped to €1.138 today. It climbed from €1.133 yesterday and sits comfortably above a weekly low of €1.131. The pound has risen after Theresa May attended an EU summit dinner last night in Brussels. Despite the event remaining separate from the formal Brexit negotiations, there was one revelation from […]
Will The UK Walk Away From The EU Without Any Bill? Hardline Brexiteers have claimed they will get a good deal from the EU without making many concessions and have said it is perfectly possible to walk away without a deal whatsoever. Ms May ramped up the rhetoric earlier this week when she claimed Mr Juncker […]
Jeremy Corbyn Turns Dictator as Power Crumbles The government has indicated it intends to continue pushing for a “hard Brexit” – meaning the UK will leave the single market and customs union in exchange for ending freedom of movement – even though the ruling party lost its majority on June 8. 3 Ministers fired for […]
The formal start of Brexit negotiations on Monday may prove more of a catalyst for the pound than an inconclusive general election, a surprise hawkish shift by Bank of England officials and a spate of disappointing economic data. Despite the raft of surprises to hit sterling this month, it’s set to record its tightest monthly […]
The start of official Brexit negotiations is keeping the pound on soft form today, with GBP/USD stuck at opening levels of US$1.277. Tenreyro replaces Kristin Forbes, a notable hawk who has voted in favour of raising interest rates for several meetings now, so investors are keen to find clues that will indicate if Tenreyro is […]
May is still speaking. She says when she became prime minister she spoke about the union that binds us together. That involves freedom, including religious freedom. She says this attack was a “sickening” attempt to deny people those freedoms. She says she said after the Borough Market attack that there had been too much tolerance […]
EU Hacked Britain’s Election Europe’s number 1 buffoon Juncker is said to have advised May to call an election because her then 17-seat parliamentary majority was not seen as strong enough to guarantee a strong negotiating position. A larger majority, he allegedly told May, would help her dictate the terms of the divorce bill. The […]
Jeremy Corbyn Damages UK Credit Ratings The UK holds the second highest rating Aa1 from another agency Moody’s. It had held the rating since 2013 when it was downgraded from AAA due to sluggish growth prospects and fiscal challenges. The agency’s lead UK sovereign analyst Kathrin Muehlbronner said on Friday, “Moody’s is monitoring the UK’s […]
On June 23, 2016, British voters will determine whether the United Kingdom will leave the European Union, and foreign exchange (forex) traders are collectively holding their breath. If the Leave movement succeeds, most experts predict tough times for the U.K. currency. Speculation ranges from an outright collapse of the British pound to a mild and […]
May’s loss of authority means she might have to compromise on her negotiating stance with the EU Senior Tory and Labour MPs called on Theresa May to forge a new cross-party approach to Brexit as fears grew that the prime minister’s weakness could lead to the imminent collapse of talks on the UK’s exit from […]
Jeremy Corbyn Already a Disaster for Britain Socialist Refugee lover Jeremy Corbyn is already a disaster for Britain as Ratings agency get set to downgrade the country, Merkel moves in to take advantage of the not-so-bright politician and the GBP tanks. Jeremy Corbyn believes in printing money and giving it away The UK’s election result […]
Brits ‘Punish’ Lackluster PM, Expect May to Step Down Soon A politically wounded Theresa May was punished by voters who took away her majority in parliament, will not be able to ‘soldier on” by resisting pressure to resign after the failure of her high-stakes election gamble made the massive challenge of untangling Britain from the […]
Comey’s Testimony: “Still Born”, DJIA Marks Record Highs $DIA, $SPY, $QQQ, $VXX US stocks were higher in early afternoon trading Thursday after sacked FBI Director James Comey’s testimony was seen by investors as yielding nothing that could affect Donald Trump’s Presidency. The DJIA earlier hit an intra-day record and continued to climb and settled back […]
Jeremy Corbyn Would Usher in a Dark Socialist Era for Britain Jeremy Corbyn is one of those handful of dimwits that believe socialism works. Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Winston Churchill Corbyn proposes to have the […]
British Prime Minister Theresa May said there would be no way to delay a June 19 start to Brexit negotiations as she urged voters to give her a strong mandate in a national election due next week. “Those negotiations will start just 11 days after polling day and there won’t be any putting it off. […]
BREXIT – Euro (€) – Inside The Secret Meeting Between Leaders Donald Trump, Donald Tusk, and Jean-Claude Juncker Donald Trump, Donald Tusk, and Jean-Claude Juncker’s Meeting President Donald Trump might have once supported the British decision to leave the European Union, but he is now seemingly worried about the impact of Brexit for U.S. […]
BREXIT – British Pound (£) ⇨ US Dollar ($)(GBPUSD) – Trump, Macron and Theresa May TRUMP’s Opinion EU’s Donald Tusk says Trump agrees Brexit is ‘an incident not a trend’. The president of the European council, Donald Tusk, has claimed he convinced Donald Trump that Brexit is an “incident not a trend” and that the […]
BREXIT – Euro (€) ⇨ US Dollar ($) (EURUSD) – Manchester Europe and Brexit Europe was predicted to be in a position of uncertainty should Britain leave the EU, with other countries at risk of following them. However, the recent election in France assuaged a lot of global fears around this. Had right-wing candidate Marine […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) Never Ending Brexit Tension Rises The pound fell below $1.30 after the U.K. hardened its Brexit rhetoric and polls predicted a narrower-than-expected win for Prime Minister Theresa May in June elections. The pound fell 0.5 percent to $1.2974 as of 8:39 a.m. in London. The pair broke […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Brexit Adopting Currencies The European Commission aims to make adopting the euro more attractive to European Union members currently outside the currency bloc. European Union states except Britain and Denmark are obliged to adopt the euro but there is no deadline set for ditching their own currencies. Moscovici […]
Britain Walking Out On BREXIT – British Pound (£) ⇨ US Dollar ($) (GBPUSD) Bullish on GBP once Brexit starts? GBP/CAD, GBP/NZD have been trading higher. Bearish on GBP once Brexit starts? EUR/GBP, GBP/CHF, GBP/JPY are your go-to options. Britain will walk out of Brexit talks unless Brussels drops its demand to charge €100bn (£86bn) […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Army Talks Britian will not be missed from the future EU army after Brexit because its contribution to Brussels defence missions are minuscule. In the future the impact of Brexit will be very slight, because if you look at the contribution of the UK in the EU military […]
Euro (€) ⇨ US Dollar ($) (EURUSD) BREXIT TALKS – Donald Tusk Defending Britain Highlights EUR/USD has charged to a six-month high, but its drive higher doesn’t seem to carry clear fundamental lines Risk trends continue to inch higher with limited conviction and problem for those looking to play a trend Top event risk will […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Underestimating Britain’s Political Power, EU Economy at Risk Wolfgang Münchau, thinks the EU miscalculated the mood of the British people when it offered David Cameron a rum deal before the Brexit campaign began in earnest and it should learn from that error and be sure not to repeat […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Macron Negative impact Emmanuel Macron will take power as French president on Sunday and immediately face the twin challenges of European Union reform and loosening strict labour laws in France. It is traditional for French leaders to make Berlin their first European trip. The pro-European centrist Macron wants […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) The Never Ending Brexit Theresa May needs stronger mandate in EU to make Brexit a SUCCESS. The Chancellor, who is attending a G7 meeting in Bari, Italy, this weekend, said good progress to secure the UK’s position had been made but there is more work to do. […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Clearing is a key financial business for the City of London and, if imposed, the limitations could deal a sharp blow to the city’s status as a global financial hub at a critical time. The EU has for years wanted greater oversight of euro clearing and the UK’s […]
British Pound (£) BREXIT, Macron & Trading, What Will Happen To The Pound Emmanuel Macron told the UK to expect “tough” Brexit negotiations after being elected last night as France’s youngest leader since Napoleon and vowed to heal divisions in Europe. His landslide victory has been hailed by EU leaders such as Jean-Claude Juncker and […]
Euro (€) Trading & The Election Voting is under way in the final round of France’s presidential race after a massive online dump of front runner Emmanuel Macron’s campaign data delivered a final dramatic twist to the country’s most bruising, divisive and significant election in decades. The Brexit spotlight swung last week away from the […]
British Pound (£) ⇨ US Dollar ($) Trading Brexit Brexit seems to be improving the UK economy and the outlook for the gbp. despite various EU threats and tantrums Brexit has proven to be a winner. Overall, the bias in prices is:___Upwards. Short term:______________ Prices are moving. Intermediate term:_________Prices are trending. By the way, prices […]
The three surveys collectively point to GDP growing at a rate of 0.6 percent at the start of the second quarter, which would be a considerable improvement on the preliminary official GDP estimate for the first quarter of 0.3 percent. A sharp rise in inflation driven by a steep fall in sterling on foreign exchange […]
BREXIT – Latest News Highlights The chief executive of Goldman Sachs has warned that London’s financial centre will “stall” due to the turmoil of the Brexit process. EU will be a smaller continent, economies will shrink accordingly, and Europe will face a demographic crisis. EU leaders have suggested that the Brexit bill would simply be […]
Teresa May Will Not Let EU Bureaucrats Wreck “Brexit” British Prime Minister Theresa May made her most stinging remark so far against EU “bureaucrats” in Brussels, accusing them of trying to ruin Brexit talks. PM May was speaking outside 10 Downing Street after meeting with Queen Elizabeth at Buckingham Palace Wednesday on the day British […]
Euro (€) ⇨ US Dollar ($) (EURUSD) 100 Billion Demand Dismissed Highlights The Euro Pound (EUR GBP) exchange rate briefly spiked this morning following reports that the UK would have to foot a €100bn ‘divorce’ bill for leaving the EU. EU’s chief negotiator dismisses 100 billion euro Brexit demand. European union leaders anonymously approved to […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) Brexit Forecast Brexit is a commonly used term for the United Kingdom’s planned withdrawal from the European Union. Following the 2016 referendum vote to leave, the UK government started the withdrawal process on 29 March 2017, putting the UK on course to leave by April 2019. The […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) Brexit and the Pound Highlights Several markets across Asia and Europe were closed for the May Day holiday. Tokyo markets will be closed for three days from Wednesday for a string of holidays known as Golden Week, and many investors take additional time off. May has said […]
ISIS Attacks Stopped in London In London A man has been arrested under the Terrorism Act after he was found carrying a bag of knives near the Houses of Parliament, the Metropolitan Police has confirmed. The incident occurred just yards away from where Khalid Masood launched a terrorist attack that killed five people, including a […]
Inflation in US Means Higher Interest Rates Speakers from the Fed are talking of up to 3 more Fed rate hikes this year. It is clear that Fed tightening is warranted by the steady rise in US inflation and the debate is more about the degree of tightening and the mechanism of tightening that is […]
Scotland Continues to Seek Independence Scottish lawmakers voted Tuesday to seek a new referendum on Independence, presenting the British government with a distraction as it prepares to trigger its EU exit aka Brexit. The legislature voted 69-59 to ask the British government to sanction an Independence vote that would be held within the next 2 […]
GCC States Push for UK Free Trade Deal After Brexit Trade between Britain and the GCC totals about $37.5-B annually Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, officials said Monday. Britain cannot formally […]
FLASH: UK to trigger Article 50 on 29 March , will begin formal Brexit process. Prime Minister Theresa May will trigger Article 50 of the Lisbon Treaty, the formal notification of the United Kingdom’s intention to leave the European Union, on 29 March, a spokesman for the British leader said Monday. he United Kingdom has […]
Dublin, a Future Hub for Financial Firms Fleeing Brexit $BAC, $HSBC, $GS, $MS, $JPM Britain’s plans to leave the EU have a Silver Lining is expanding daily along the banks of the River Liffey, a likely post-Brexit refuge for London’s City banking operations. Dublin’s financial district stretches for nearly a mile on both banks of […]
The Big Q: Will ‘Nexit’ Follow Brexit after Dutch Elections? For a small nation that has grown hugely wealthy thanks to centuries of doing business far and wide, the political mood in the Netherlands has turned surprisingly inward. As a March 15 parliamentary election looms in the Netherlands, one of the founding members of the […]
British MP’s Trying to Deny Voters BREXIT, Ban Trump MP’s in the UK do not understand the basic concept of Democracy, Trump was elected as President of the USA, British Citizens Voted to leave the EU, but the MP’s do not care, they know much better than the general population. Branding the president “disgusting” and […]
Brexit Winners Back the trump #MuslimBan The policy, which has been dubbed #MuslimBan on social media even though it is nothing of the sort has gathered strong support in Britain. Nigel Farage and political commentator Katie Hopkins have said they approve of the policy of “extreme vetting,” calling for similar measures to be implemented in […]
UK Leaders to Play ‘Hardball’ in Talks with EU on Market Access $GBP Sunday, Britain’s leaders signaled their resolve to play hardball in talks with the EU, suggesting they will look for partners elsewhere if the bloc restricts access to its huge market. Under pressure to reveal her Brexit plan, British Prime Minister Theresa May’s […]
Brexit Predictions Were Wrong $GBP The Bank of England’s chief economist says forecasters got it wrong when they predicted a sharp economic downturn if Britain voted to leave the European Union. Andy Haldane says the country’s strong economic performance since the June 2016 referendum has been a surprise to all, and the economic forecasting profession […]