Sterling fell on Monday after MPs voted to delay passing British Prime Minister Boris Johnson’s Brexit deal, though losses were limited by hopes the country can eventually avoid crashing out of the EU without a divorce agreement in place. The House of Commons sat on a Saturday for the first time in almost four decades […]
The Pound-to-Euro exchange rate has fallen 3.66% in May while the Pound has fallen 4.25% against the Dollar over the same period. It appears that Brexit uncertainty played a hand in the contraction last month, with new orders plummeting in May as retailers sought to sell through inventories stockpiled in recent months in preparation for […]
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 […]
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 […]
Euro (€) ⇨ US Dollar ($) (EURUSD) “Euro Remains Failed Experiment of Socialism” BRITAIN’S vote to leave the EU has achieved something of which even Remainers will surely be proud: it has appeared to unite the other 27 countries. Briefly, they have been able to forget their own deep troubles and concentrate on trying to […]
Britain Walking Out On BREXIT – British Pound (£) ⇨ US Dollar ($) (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) […]
British Pound (£) ⇨ US Dollar ($) (GBPUSD) The Never Ending Brexit Theresa May needs stronger mandate in EU to make Brexit a SUCCESS. The Chancellor, who is attending a G7 meeting in Bari, Italy, this weekend, said good progress to secure the UK’s position had been made but there is more work to do. […]
British Pound (£) BREXIT, Macron & Trading, What Will Happen To The Pound Emmanuel Macron told the UK to expect “tough” Brexit negotiations after being elected last night as France’s youngest leader since Napoleon and vowed to heal divisions in Europe. His landslide victory has been hailed by EU leaders such as Jean-Claude Juncker and […]
Euro (€) Trading & The Election Voting is under way in the final round of France’s presidential race after a massive online dump of front runner Emmanuel Macron’s campaign data delivered a final dramatic twist to the country’s most bruising, divisive and significant election in decades. The Brexit spotlight swung last week away from the […]
British Pound (£) ⇨ US Dollar ($) 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 […]
British Pound (£) ⇨ US Dollar ($)(GBPUSD) Trading Outlook HEFFX Notes British Pound Overall, the bias in prices is: Downwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 1.38. The projected lower bound is: 1.25. The projected closing price is: 1.32. FOREX GBP= closed up 0.005 at 1.319. […]
British Pound (£) ⇨ US Dollar ($)(GBPUSD) Trading Outlook HEFFX Notes British Pound Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 1.36. The projected lower bound is: 1.23. The projected closing […]
