Boris Johnson, a hard-line Brexiteer who has vowed to leave the EU by the end of October with or without a deal, was set to win the top spot and he certainly just did. Johnson will become Britain’s next prime minister after being elected leader of the Conservative party, defeating Jeremy Hunt in the party’s…
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ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for May 29, 2019. EURUSD The Euro closed lower on Tuesday, closing at 1.1166(-27 pips) against the greenback. The greenback surged on the back of positive data from the CB Consumer Confidence Index up in May to 134.1…
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No one ever said that negotiating a Brexit deal would be easy, but Theresa May accepted the challenge, when she became the U.K.’s second female Prime Minister in 2016. Unfortunately, after three years of trying, she could not seal the deal. Mrs. May announced her resignation on Friday, effective the 7thof June, but she will…
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ActivTrades’ Market Analysts have prepared for Leaprate their daily commentary on traditional markets for May 7, 2019. Forex The US Dollar continues to slowly depreciate against other major currencies, as it becomes increasingly likely that new tariffs will be imposed on Chinese imports by this Friday. The Dollar Index is down on the day by…
Read moreIt was one more week of churn, as the Brexit train hurdled down the track to who knows where. Even after two years of divisive debates, we seem no closer to a final decision. The options remain: delay, leave, or stay, with the latter looking dimmer everyday. The March 29 deadline is fast approaching, however,…
Read moreThe British parliament has rejected Theresa May's Brexit deal by 230 votes yesterday evening. The Brexit vote has left withdrawal from E.U. and prime minister's political future in doubt. The pound has risen after MP's reject with 0.05% to $1.287 after declines of more than 1% earlier in the day. There are no more words…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, today published a report in which they examine the impact of the UK general election on the foreign exchange (FX) spot market, using data published by CLS on Quandl. CLS do this by comparing GBPUSD hourly volumes on 09 June…
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Data from UK online financial trading firm IG Group Holdings plc (LON:IGG) and its political trading market indicate an expected Conservative majority government - although a smaller majority than was expected earlier in the campaign. IG clients have seen their expectations of a landslide Conservative win ebb, along with Theresa May’s lead in the polls.…
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The following is based on research by Martin O'Rourke, Managing Editor of TradingFloor.com / Saxo Bank. More of Martin's research can be seen at Saxo Bank’s TradingFloor.com. Prime minister Theresa May delivering key speech on Brexit May outlines 12 objectives to Brexit delivery Control of immigration and UK laws underpin address GBPUSD more than 100 pips to…
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Two very important speeches on the horizon today which are likely to affect FX markets, and in particular the GBP. British PM Theresa May will speak outlining the official UK government position on Brexit. And China's Xi Jinping will become the first Chinese leader ever to address the annual Davos World Economic Forum, ironically as an…
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