Brexit Technical Analysis – How will the markets react to the meaningful vote?

Michael Baker, Monday, 14 January 2019

It’s incredible to think that back in April last year; we were only 4% off the prices last seen in the run-up to the Brexit referendum. After a rampant dollar and endless political chaos, the second half of 2018 saw us reach 17.5% off those levels. GBPUSD saw further weakness last Thursday as the pound dropped to its lowest level in 21 months. Since then, sterling has bounced back sharply on the back of weakness of the dollar, with GBP appreciating 3% against the greenback.

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General, Forex, Commodities

Global Growth Concerns Spill Into 2019

George Walker, Friday, 4 January 2019

Equity markets had a mixed first week to the start of 2019, coming off their worst year in a decade, with weak data in Asia and Europe confirming fears of a global economic slowdown while the U.S. government shutdown drags on.

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Market Event, Commodities, Forex, General

Central Banks Take Centre Stage As Year End Approaches...

George Walker, Friday, 14 December 2018

Wall Street traded over 1000 points lower than the previous month, putting the 'Santa Rally' - an annual rise across markets in the build up towards Christmas - in doubt. The progression of Brexit discussions between the EU and the UK, as well as the ongoing China-US trade dispute are likely to be key market factors, but what else is worth looking out for this week?

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Forex, General

Will the PM get ousted?

Michael Baker, Wednesday, 12 December 2018

It’s official. After weeks of speculation the chairman of the 1922 Committee, Sir Graham Brady, has announced that the threshold of 15% of the parliamentary party seeking a vote of confidence in the leader of the Conservative Party has been exceeded. A ballot will be held this evening between 6-8pm GMT. All 315 Conservative MPs will vote, with the PM requiring 158 votes to survive.

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Commodities, Indices, Forex, General

Markets Resilient, Oil Slips...

George Walker, Friday, 30 November 2018

The Bank of England’s view is that Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time. Taking all this into account, the UK and German signature Indices were little changed with the stand out weekly performance coming from Wall Street.

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Market Event, Forex

Framework Agreed In Principle

Michael Baker, Thursday, 22 November 2018

The pound has jumped today as a draft declaration setting out the framework for future relations between the EU and UK has been agreed on both a negotiator and political level.

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