Pound/dollar already erased the election announcement gains, falling to the lowest levels in two months. We listed 3 reasons for the downfall. Different forces converged to hurt the currency pair. And now, cable extends its downfall, and it is led by UK politics. Her Majesty The Queen will make her speech today, laying out the […]
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The Fed not only raised rated but put on very rosy glasses. We poke holes into the “off one” factors before moving on to discuss the mess in the UK and the torn pound. You are welcome to listen, subscribe, provide feedback and pledge support on Patreon. Over-confident Fed: The Fed only gave a short […]
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The inconclusive UK elections found Theresa May scrambling to form a coalition. She is pressured to soften her stance on Brexit, but the UK could face a fresh round of elections should her coalition crumble. UK data is also important with rising inflation boosting the pound. The BOE convenes amid a worsening dilemma about interest […]
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The pound enjoyed a period of consolidation after PM May stabilised her position thanks to a controversial government. However, things never stand in the same place. Her narrow majority is already running into instability. GBP/USD is reacting by losing the support line of 1.27, hitting a new low 1.2670. We are still not at the […]
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The UK elections resulted in May losing her parliamentary majority. She continues holding onto power thanks to a controversial coalition with the DUP, a small reactionary party. Her grip on power seems to have weakened, with criticism coming from everywhere. So far, she has sacrificed her closest aides: Nick Timothy and Fiona Hill. Brexit negotiations […]
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