Brexit – A Long Way To Go
- Posted by Shyam Gokani in Uncategorised
- January 20, 2017
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Markets responded well to PM May’s speech on Wednesday with the pound surging against all its counterparts. Why wouldn’t they? May outlined a dream scenario. The ability to leave the EU, cherry pick trade agreements and elements of the EU constitution at will. If anyone was going to put together a manifesto to take to […]
READ MORESterling Steadies After A Few Volatile Days
- Posted by Shyam Gokani in Uncategorised
- January 19, 2017
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The pound steadied this morning after a few days in which uncertainty about Brexit has seen both its biggest rise in decades against the dollar and two of its heaviest slumps in months. Sterling climbed back above $1.2320, having been knocked as low $1.2254 overnight by a dollar rally after Federal Reserve head Janet Yellen […]
READ MOREPM’s Speech Boosts Sterling
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK
- January 18, 2017
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After taking the top spot in the G10 currency space on Tuesday, the pound is the worst performer so far today. After the rapturous reception to Theresa May’s speech, today sterling traders may be taking a finer look at the detail, and concerns may start to arise about Theresa May’s tough line on Europe, saying […]
READ MOREMay Speaks Thus Afternoon About Brexit Plans
- Posted by Shyam Gokani in Uncategorised
- January 17, 2017
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The pound recovered from 3-month lows this morning, rising 0.7 percent against a broadly weaker dollar and 0.3 percent against the euro before a speech by Prime Minister Theresa May widely expected to lay out a “hard Brexit” scenario. Options pricing suggested markets were still preparing for large swings in the pound over the next […]
READ MORESterling Continues To Devalue – Big Few Days Coming Up
- Posted by Shyam Gokani in Uncategorised
- January 16, 2017
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Britain’s pound fell sharply this morning as concern mounted that the country was heading for a “hard” Brexit from the European Union and its single market, a day before a speech by Prime Minister Theresa May on the government’s plans. Some British newspapers have billed May’s speech on Tuesday as laying out potential major changes […]
READ MORESterling Expected To Drop Further Next Week
- Posted by Shyam Gokani in Brexit, Currency, Dollar, EUR, GBP, Prime Minister, Sterling, UK
- January 13, 2017
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Sterling slipped yesterday after a spokeswoman said British Prime Minister Theresa May will give a speech next week on her plans for leaving the European Union, which sparked fears that she would suggest Britain will undergo a “hard Brexit”. Investors interpreted this to mean Britain would lose access to the lucrative European single market in […]
READ MORESterling Gains Against Dollar After Trump Speech
- Posted by Shyam Gokani in Uncategorised
- January 12, 2017
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Sterling rose this morning from its lowest levels for almost 32 years — excluding a “flash crash” in October — with the dollar weakened by a lack of detail on President-elect Donald Trump’s spending plans in his first news conference since his election. The greenback had rallied since Trump’s victory in the Nov. 8 election, […]
READ MORESterling continues to devalue
- Posted by Shyam Gokani in Uncategorised
- January 11, 2017
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Sterling edged towards a 10-week low against the dollar this morning, kept under pressure by fears that Britain will undergo a “hard” exit from the EU in which access to the single market will play second fiddle to immigration controls. The pound posted its worst day in three months against the dollar on Monday after […]
READ MORESterling gains due to better than expected PMI data
- Posted by Shyam Gokani in Uncategorised
- January 4, 2017
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Sterling inched higher against a broadly weaker dollar today after hitting a two-month low on a volatile first day of 2017 trading in London when Britain’s chief EU negotiator quit. Data on the economy continues stronger than many economists had expected after last June’s vote to leave the European Union, with a survey on Tuesday […]
READ MOREBig Year Ahead For Sterling
- Posted by currencies in Uncategorised
- January 3, 2017
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Happy New Year! UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up from 53.6 in November, as the sector ended the year on a high. The pound rose sharply against the euro this morning as the data […]
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