May’s Resignation means Brexit is Back to Square One

One word perfectly sums up the events of this week. Disappointing.  For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime Minister May admitted defeat in […]

Pound rally limited on Brexit Redo

The long drawn out process for Theresa May to resign is over.  PM May’s emotional speech at the doorsteps of 10 Downing Street delivered the news she will step down on June 7th.  After three failed Brexit deal votes in Parliament and a fourth pitch that was dead on arrival, May had no choice but to resign. May’s […]

EUR/USD – Euro subdued in light-data session

EUR/USD has paused on Friday, after gaining ground on Thursday. Currently, the pair is trading at 1.1193, up 0.10% on the day. There are no German or eurozone events on the schedule. Today’s highlight is U.S. durable goods orders, with the markets braced for soft numbers. Durable goods orders is expected to decline 2.0% in […]

Escalating Trade Tensions Weigh On Investors

Week of May 20-24 Despite risk appetite improving, market waits for further trade clues Global markets continue to weather some erratic turbulence now that the U.S and China have hit each other with increased tariffs and ended their latest round of trade negotiations without a resolution. But the prices of relatively risky assets have mostly […]

Mayday May-day?

  What May the pound do? PM May is due to meet the 1922 Committee, a group of Conservative backbenchers, today and there is widespread speculation that she would give a definite timeline for her resignation. While some are clamouring for an immediate departure, it would require an amendment to existing rules and regulations governing […]