April 2, 2019
highway board, options HARD or SOFT BREXIT

Pound Gains against Both Euro and the Dollar as UK Government Looks to Move for a Softer Brexit

Ahead of Monday’s House of Commons indicative votes, Sterling posted gradual and steady gains against many major currencies as investors tried to do the impossible and predict the likely outcome of the tonight’ critical Brexit votes. As of writing the Pound to Euro exchange rate is +0.56% higher at €1.166 today and Pound to US […]
April 1, 2019
Crossover to Heaven

Pound’s Political Purgatory

So where did she think the votes were going to come from? Well plausibly, The Grand Wizards (their words) of the ERG appeared willing to ignore their previous opposition to ‘Brexit Light’ and perform a complete U-Turn of support. One of them could take May’s seat, and can there be anything more honourable than falling […]
March 26, 2019
No Deal Brexit flag

In the Case of No-Deal Brexit – What Provisions Are Being Made?

Prime Minister of the UK, Theresa May this week has managed to get a short extension for leaving the EU until 12th April. Despite still hammering the idea she wants to exit with a deal (her deal), if she cannot win the support of MPs between now and 12th April, then the possibility of a […]
March 11, 2019
brexit concept - double exposure of flag and Westminster Palace with Big Ben

Theresa May’s Grimsby Speech – What Went On

Theresa May made a thinly veiled sales pitch to MPs, specifically her brexiteer backbenchers rather than another EU appeal for further concessions as many expected. In another defiant but empty speech in an energy warehouse in Grimsby. Apparently, the staff at the docks were given only 30 minutes notice before she arrived as she addressed […]
February 25, 2019
European Union and United Kingdom leaders shaking hands on a deal agreement. Brexit

Pound Rallies Positively as Financial Markets See a Brexit Deal More Likely

The Pound was this week’s unexpected top performer of all the major currencies this week. It strengthened significantly against the Euro and Dollar thanks to rising positive sentiment that a ‘no deal’ Brexit is not as likely in 5 weeks’ time on March 29. Pounded sterling traded at the top of the range of recent […]
February 12, 2019

The Week That Was And The Week That Might Be

A “special place in hell” is where European Council President Donald Tusk believes the Brexiteers who had no plan for Brexit, but promoted it anyway, should rest. Tusk’s appetite for an confrontation is nicely summerised here, although it is yet to be seen whether his intentionally provocative and combative remarks will lead to an offer of […]
February 11, 2019
When Carney Talks, its markets that listen not politicians.

When Carney Talks, It’s Markets That Listen, Not Politicians

The head of the UK central bank Mark Carney has strongly warned that if a no deal Brexit occurs, Britain will face the weakest growth since the 2008 financial crisis. Central bank describes a “Brexit fog” A no-deal scenario risks at least 2 quarters of negative growth 2019 growth forecast cut from1.7% to 1.2% BoE […]
February 4, 2019

Canadian Dollar Rises to 3 Month High as Oil Prices Rise And Gap Between Yields Narrow

The end of the week saw the Canadian Dollar gain further ground against the US dollar with oil prices and the gap between Canadian marketable bond and US treasury’s yields narrowing. The combination spurred the CAD/USD pair to a 3-month high. Despite recent warnings from Canadian economic data that demonstrated the economy had slowed in […]
February 4, 2019
3 reasons why the Dollar was Bi-polar this week

3 reasons Why the Dollar was Bi-Polar this week

The Federal Reserve The dollar retreated against most major currencies on Thursday with the catalyst being the Federal Reserve’s cautious U.S. economic outlook. The move seems to suggest the central bank is nearing the end of its tightening. On Wednesday, the Fed’s dovish tone unexpectedly shocked the markets despite consistently reiterating patience and balance sheet […]