Category

Brexit
Sterling Lifted on Hope for Better Outcome Sterling remained not far from the recently struck 2-month peak against both the US Dollar and the Euro on investor uncertainty. Yesterday, the Prime Minister managed to eke out favor in yet another no-confidence vote, but analysts say, despite that, there are grave concerns over her ability to...
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Asian Markets Waver Despite Strong U.S. Earnings Asian markets were trading mixed on Thursday afternoon, with Japan’s Nikkei 225 and the Shenzhen Composite trading lower, and most other regional benchmark indexes heading higher, despite strong earnings in the United States on Wednesday that sent Wall Street indexes to one-month highs on Wednesday. The gains on...
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Euro Slides on Growth Worries The common currency Euro moved lower during London trade on Tuesday after the latest economic report out of Germany underscored investors’ fears of a widening slump within the Eurozone. According to Germany’s Statistics Bureau, industrial production unexpectedly fell to -1.9 in November (month-over-month), well below the anticipated improvement to 0.3%....
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Pound Higher Ahead of Vote The Pound Sterling remains close to a 7-week peak on hopes that the Prime Minister’s last-ditch attempts to gain support for her Brexit proposal will be sufficiently successful to push through on tomorrow’s vote. Analysts, however, don’t believe Ms. May will have the following in Parliament that she so desperately...
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Threat of General Election Pressures Sterling The Pound Sterling came under pressure against the greenback and Euro on speculation that the Prime Minister will face a challenge from the Labour Party in a general election vote. Theresa May has already low two crucial votes, and the looming Parliamentary vote on her proposed plans for the...
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Brexit Rumors No Help to Sterling Though currently lower, the Pound continues to trade close to a 1-week peak versus the US Dollar. Currency strategists say that the Brexit debate and Parliamentary vote which will take place next week will dominate Sterling trade until then. Analysts still feel that Theresa May will fall short of...
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Pound Loses Momentum After Data After three days of gains, the Pound Sterling seems to have lost some positive momentum after the release of the latest inflation data for the UK. A slew of data was released this morning, with generally mixed results, none of which will help cement the likelihood that the Bank of...
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Despite Uncertainty Ahead, Pound Moves Higher The Pound Sterling continues to move off of the recently struck 20-month trough after it was confirmed that the Prime Minister will ask for the British Parliament to approve her latest Brexit proposal next month. Analysts caution that Theresa May will be fighting the fight of her life in...
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Pound Higher But Traders Wary Though higher now, the Pound Sterling remains within striking distance of a 20-month trough, despite calls for another Brexit referendum by some politicians. The Prime Minister is likely to continue to have a deadlocked Parliament with the March deadline for the Brexit looming in the mirror. Theresa May has publicly...
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Daily Insights Trade tensions cooling. China has resumed soybean purchases for the first time since tariffs were put in place, and more corn shipments could be next according to a Bloomberg report overnight. China also indicated it would provide greater market access to foreign companies, consistent with the Trump administration’s goal to level the playing field....
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