$BAC, $C, $JPM, $MS, $WFC, $USD, $GBP, $JPY The Fed As the US yield curve is deciding whether to invert/not Invert, investors seek reassurance that we are in a era of non-inflationary growth, and focus on monthly price gauges this week. Wednesday, the US Labor Department is expected to report that its March Consumer Price […]
$GBP UK lawmakers rejected PM Theresa May’s BREXIT deal for a 3rd time Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the day it was supposed to leave the single currency socialist bloc. The decision to reject a stripped-down version of Mrs. May’s deal has left […]
$DIA, $SPY,$QQQ, $RUTX, $VXX FLASH: S&P 500 marks its Best Quarter since 2009 Friday the US stock market liked what it heard: The US and China held “constructive” trade talks in Beijing this week, according to Treasury Secretary Steven Mnuchin and the White House. Trade talks will continue next week in Washington with China’s Vice […]
$GLD.$USD, $JPY FLASH: Last week gold posted its 3rd consecutive weekly gainer and rose 1%, the most since the week ending 1 February. The fundamentals Spot gold up 0.1% at $1,314.21 oz as of 0128 GMT. US gold futures up 0.2% at $1,314.40 oz. Investors sold shares Monday moving to the safety of bonds, while […]
FLASH: Theresa May summons Brexiteers to ward off coup. UK Prime Minister Theresa May was holding crisis talks with colleagues on Sunday working to revive her 2X Brexit deal after reports that her Cabinet was plotting to topple her. The United Kingdom’s exit from the European Union was already slipping from Mrs. May’s weakened grasp […]
$GLD, $USD, $EUR, $GBP, $CNY What we have been seeing over the past few years is that confidence in government is fading and the price of Gold is rising. Some current examples The UK House of Commons voted 413-202 last week to delay Britain’s exit from the EU. Despite resounding defeats, Prime Minister Theresa May […]
$GLD, $BAR,$USD FLASH: Some money managers says recession fears on global-economic slowdown sign actually give savvy investors a Golden opportunity to start investing in a precious metal commonly considered a haven amid uncertainty and say that gold’s price is “very affordable” now. “You’ve had a bit of a V-shaped recovery in the market, but [with] […]
UK Prime Minister Theresa May will ask the EU to delay BREXIT by at least 3 months after her plan to hold a 3rd vote on the divorce deal was thrown into disarray by a surprise intervention from the speaker of Parliament. Nearly 3 years after Britain voted narrowly to leave the EU, its departure […]
The German government’s panel of independent economic advisers has slashed its growth forecast for this year and is now predicting that the German economy will grow by only 0.8%. In a regular update, the panel cut its Y 2019 forecast from the previous 1.5% and said growth may accelerate next year to 1.7%. The experts […]
FLASH: The New York City’s St. Patrick’s Day Parade in New York 2019 But nothing could put a damper on the largest Irish-American Saturday, with tens of thousands of marchers following a painted green line up Fifth Avenue for the 6-hour parade. Though many people are worried about BREXIT as they are waiting for the […]
FLASH: UK Parliament voted Thursday to seek a delay of the country’s departure from the European Union, a move that will likely avert a chaotic withdrawal on the scheduled exit date of March 29. With Brexit due in 15 days and no divorce deal yet approved, the House of Commons voted 412-202 to ask the […]
FLASH: President Trump says his administration “looks forward to negotiating a large scale Trade Deal with the United Kingdom” as the country continues to try to hash out its departure from the European Union. Thursday, President Trump said that he is “surprised at how badly” negotiations have gone between the United Kingdom and the European […]
UPDATE: Britain’s Parliament strongly rejects Prime Minister’s BREXIT deal in major blow to EU divorce plan. Parliament Parliament to Vote between No-deal BREXIT and Delaying Departure from EU Thursday. UK PM Theresa May worked to win last-minute changes from the European Union to her BREXIT deal Monday, a day before a Key vote in Britain’s […]
FLASH: The EU’s economy is cooling more than many investors believe, the slowdown poses the biggest risk to the market. The European Central Bank (ECB) has limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending warns Mohamed El-Erian. “People are underestimating how quickly Europe […]
FLASH: Calling for “fair, balanced, and reciprocal trade with the UK” and “state of the art rules” to achieve it, the US Trade Representative has published an 18-page document of negotiating objectives for the forthcoming UK-U.S. trade deal both nations hope to strike if Britain finally leaves the EU. The new document, from President Trump’s Trade […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
UK PM Theresa May pushed back the deadline for Parliament to vote on her BREXIT deal, in a gambit she hopes will buy more time for negotiations but which risks inflaming the revolt against her. The British PM confirmed she will not bring a new deal back to the House of Commons for a final […]
FLASH: The Latest on Britain’s withdrawal from the European Union The British government says trade deals with Japan, Turkey and other countries will not be in place by 29 March, the day Great Britain is due to leave the European Union. International Trade Secretary Liam Fox has claimed the UK will be able to continue […]
London is taking its turn in the style spotlight with the opening of London Fashion Week, an extravaganza that will feature up-and-coming young designers along with big names like Victoria Beckham, Vivienne Westwood and Burberry. More than 100 catwalk shows are scheduled along with countless crowded, parties and dozens of presentations. The London-based Turkish designer […]
UK PM Theresa May is seeking more time to renegotiate her BREXIT deal as Parliament threatens to take control over the process to stop the UK opting out of the EU with no agreement in place. The PM wrote a conciliatory letter to opposition Labour Leader Jeremy Corbyn, after he proposed setting her a new […]
UK Prime Minister Theresa May is preparing to delay the 2nd Parliament vote on her BREXIT deal until the end of February, it was reported late Wednesday. The PM’s whip, indicated at a cabinet meeting Tuesday that the vote would not be held next week as expected because Mrs. May will not have renegotiated her […]
British officials have revived Cold War emergency plans to relocate the royal family should there be riots in London if Britain suffers a disruptive departure from the EU next month. “These emergency evacuation plans have been in existence since the Cold War, but have now been re-purposed in the event of civil disorder following a […]
The rise of populism is leading to Europe “coming apart before our eyes,” a group of 30 historians and Nobel laureates from 21 countries conclude in a co-signed letter Sunday. “We must now will Europe or perish beneath the waves of populism,” the letter reads, per the report. “We must rediscover political voluntarism or accept that resentment, […]
$GBP, $EUR, $GS Queen Elizabeth, 92 anni, has sent a message to Britain’s factious political class over BREXIT, urging lawmakers to seek common ground and grasp the big picture to resolve the crisis. With the clock ticking down to 29 March, the date set in law for Britain to leave the EU, the United Kingdom […]
UK PM Theresa May unveiled her BREXIT Plan Monday, and it looks a lot like Plan A. Mr.s May launched a mission to resuscitate her rejected EU divorce deal, setting out plans to get it approved by Parliament after securing changes from the EU to a contentious Irish border measure. Mrs. May’s opponents expressed incredulity. […]
The Latest on Britain’s exit from the EU Austrian Chancellor Sebastian Kurz is suggesting it may be possible to give Britain more time to leave the European Union if it comes up with a good strategy, saying a no-deal BREXIT would be bad for everyone. Chancellor Kurz is quoted by Germany’s Welt am Sonntag newspaper […]
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 Wednesday, British Prime Minister Theresa May’s government survived a no-confidence vote, a day after her BREXIT deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning Mrs. May can remain in office. There was no effect on US financial markets. Tuesday, UK […]
$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) […]