#Brexit

Withdrawal of the United Kingdom from the European Union, often shortened to Brexit is a political aim of some advocacy groups, individuals and political parties in the United Kingdom.

US markets showed signs of life once again on Thursday, moving higher and recovering after a couple of down sessions. The tech heavy Nasdaq led the charge northwards, with the likes of Facebook, Google parent Alphabet and Apple gaining between 1.4% - 2.4% each.FAANG’s back in favourTech stocks have...
Here are the latest developments in global markets:FOREX: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The pound was on track to post a second day of gains as concerns over a...
European Commission to Recommend Moving onto Phase Two of Brexit Negotiations European equity markets are poised to open higher on Friday, buoyed by the news that the UK and the EU have come to an agreement on the three contentious issues that make up phase one of the Brexit negotiations.After...
The UK and the EU have made sufficient progress in the Brexit talks, and now they can move on the trade aspect of the negations.The political mood has been lifted, but the FTSE 100 is underperforming its Continental counterparts due to a firmer pound.The DAX has been given a boost after Martin Schulz,...
he British pound has posted slight losses in the Wednesday session, continuing the downward movement we’ve seen for most of the week. In North American trade, GBP/USD is trading at 1.3384, down 0.44% on the day. On the release front, there are no British events on the schedule. In the...
Sterling edged towards an eight-day low on Wednesday as growing uncertainty over the progress on Brexit negotiations weighed on the British currency with some investors unwinding long positions after a recent rally.Failure could mean a delay until February, adding to the risk of businesses scaling back investment plans in...
IndicesEuropean markets have opened lower after another late sell-off on Wall St The Nasdaq 100 gave up 1% gains to end lower Japan’s Nikkei stock average closed down 2% for its biggest loss of 2017SharesHammerson has agreed to a £3.4bn offer for Intu Properties Legal & General...
Talking PointsMay’s Brexit At Risk Due to Irish Border Us Tax Outcome awaited OPEC’s win push oil higher Bitcoin stay above 9K for nowDecember is here and investors are going to look for the traditional Santa rally. The trading volume would start to fall as we move closer...
Here are the latest developments in global markets:FOREX: The RBA held rates unchanged on early Tuesday as expected, but the aussie hit a three-week high following upbeat retail sales figures which pointed to an improved economic outlook. The kiwi also posted a strong rebound, erasing yesterday’s losses after the RBNZ governor...
The DAX index has losses on Tuesday, erasing the small gains seen on Monday. Currently, the DAX is at 13,000.00, down 0.45% on the day. On the release front, German Final Services PMI edged lower to 54.3, short of the forecast of 54.9 points. Eurozone Final Services improved to 56.2,...
The pound rallied on foreign exchange markets on reports that the UK and the EU had agreed on a Brexit bill while the US dollar and risk sentiment more generally were helped by the passage of the Republican tax cut package through a Senate committee. These developments helped markets...
Ahead of a busy day in terms of economic data out of the UK, the US and the Eurozone, the pound moved lower as doubts over May’s leadership continued weighing on the currency, while markets were also cautious whether British lawmakers would approve the government’s Brexit bill. The aussie was the biggest winner...
Another round of Brexit talks, central bank policy decisions and more earnings releases.Brexit talksThe next round of negotiations begins on Thursday with two days of talks between the UK and EU expected to yield more progress than previous meetings. That is because the UK’s chief negotiator and Brexit secretary,...
With European Union (EU) ministers struggling to make headway over Brexit, British Prime Minister Theresa May will attempt to put negotiations back on track Monday as talks resume in Brussels.The British leader is expected to tell other EU countries that the “ball is in their court” in the ongoing...
On Monday, the dollar could not recover from Friday’s losses as North Korean tensions came back to the spotlight and as liquidity was limited during the session with South Korea, Japan, and China being closed for holidays while US markets will be partially shut for Columbus Day.Although the report on US nonfarm payrolls...
In a highly anticipated speech, Theresa May told a gathering in Florence, Italy on Friday that the United Kingdom needs a two-year transition period before finalising Brexit. Under the new timetable, Brexit would not come into fruition until 2021. The comments contrasted sharply with May’s previous pledge to wrap...
TopicsDamages caused by Hurricane Irma are still colossal The dollar index has bounced back up from its two years lows Oil traders are also paying attention to the comment of the Saudi oil ministerThe US Futures and European markets are enjoying the relief rally. Investors are feeling somewhat...
The press conference after the latest round of Brexit talks was bitter, with no signs of compromise.That could damage the Pound short-term, but longer-term it could benefit if EU countries take over the negotiations from the European Commission.Both the EU and the UK met the press Thursday after the...
Has inflation peaked? “The expected pickup didn’t happen. Inflation remains cooler and the pound dipped as investors had expected a rebound in July following the surprise drop in June. Inflation fell from 2.9% in May to 2.6% in June, where it remains. Month-on-month CPI declined 0.1% from June to July....
It’s likely to be a busy week for the pound as there are a number of important releases and the politicians return from summer holidays.BrexitBack to school: Theresa May is back from holiday and the term starts in earnest with plenty of Brexit homework to be handed in. The...
New Tory Minister Affirms ‘Hard Brexit’ Amid Waning SupportTalks of avoiding a hard Brexit are a fatal show of weakness for the United Kingdom, according to new Conservative minister Steve Baker, who insists there will be no compromise on Prime Minister Theresa May’s exit plan.Capitulating on Mrs. May’s hard...
Brexit Negotiations: Day 1 RecapIt was said that Brexit negotiations were not about “punishment” or “revenge”, but the talks between Chief European Union (EU) negotiator Michael Barnier and the UK’s Brexit Negotiator David Davis did look a lot like kicking a man while he is down.After an initial exchange...
GBPUSD continues to hold a little way above seven-month lows but looks susceptible to any drop in sentiment as tense and tough negotiations over Brexit commence yesterday (June 19th).Sterling traded above $1.28 in early trading as markets look for clues about where the talks are going to take the...
Welcome to day one of 730Brexit negotiations begin after nearly a whole year of speculation and build up. Yesterday at 11 a.m. BST in Brussels the door to the negotiation table opened. Theresa May’s government already appears to be on the ropes with a failed attempt to strengthen her...
The market has been searching for a spark this morning. No doubt dealers are suffering a mild case of  Central Bank fatigue as the market remains in flux digesting last week’s  “hawkish Fed hike “ amongst other central bank hawkish surprises. I suspect the dollar will be susceptible in...
Tuesday June 13: Five things the markets are talking aboutOvernight, equities have advanced as the global selloff in technology shares showed signs of easing, while sterling has found some support as PM May tries to secure the votes needed to prop up her minority government and on stronger than...
Sterling has stabilized after Friday’s big tumble against the dollar following the shock UK election result that brought about political uncertainty. Prime Minister Theresa May was left with a minority government and she reshuffled her cabinet over the weekend. Focus turns to the Brexit negotiations that begin in about...
Having had the weekend to absorb the events of last week, the only questions being asked are how long Prime Minister May can last, and whether next week’s Brexit talks will start as scheduled. It would appear that in the interests of expediency she may well survive in the short...
Sterling tumbled as much as 2.5 percent on Friday, while the FTSE share index opened higher, after British voters denied any party a majority of seats in parliament, plunging the country into political chaos days before the start of Brexit talks.With no clear winner emerging from Thursday's election, Prime...
Sterling plunged on political uncertainty after an inconclusive result in the UK general elections that took place on Thursday, with no single party having a clear claim to power. The dollar moved higher as it was unfazed by former FBI Director James Comey’s testimony yesterday.The British pound lost over...

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