Tag: UK
Plenty of Data, No Fresh Ideas
Market beginning to look forward to year end
The typical mid-fourth quarter scenario where traders want to start to protect their P&L is beginning as...
U.S. Rate Hike “in the Balance”
Are the FOMC sufficiently hawkish?
Over the past few days/weeks there have been several dovish comments from FOMC members who have tended to contradict current...
Brexit Standoff Could Strengthen May
EU keeping Prime Minister “in the dark” over Stage Two plans
Theresa May shifted the blame for the lack of clarity being felt by U.K....
Dear Mrs May…
How much longer?
Brexit was always expected to be a divisive topic. It has been ever since David Cameron was scared into allowing legislation for...
UK – Rate Hike Motive called into Question
Data makes hike “certain”
Traders reaction to the probability of a rate hike in the U.K. next week considers only the fact of whether the...
May Facing Further Brexit Disappointment
Hard Brexit becoming more likely
The U.K.'s opposition Labour Party have called for all members of Parliament to join them in ensuring that the U.K....
Euro Correction Begins
Trend intact but longs being liquidated
The Euro has seen one of the longest runs of strength in its brief history as a combination of...
Sterling Facing Crucial Week
Brexit, Data and BoE to determine short term direction
Whilst traders have come to believe that Brexit is the only driver of the pound’s direction...
GBP: PMI Services Fall to the Lowest Level in 11 Months. GBP Reaction
The UK Purchasing Managers Index (PMI), prepared by CIPS and Markit Economics, fell to 53.2 from 53.8. Analysts expected a reading of 53.5. Low...
Euro Strength Well Founded
Target achieved but can it continue?
If asked in June when the common currency broke through resistance at 1.1280 versus the dollar, most traders would...
