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…
Read moreThe following article has been exclusively prepared for LeapRate by AETOS’ analyst Ryan Chen. Part I of the article can be found here. Three Main Triggers Apart from the long-term disagreement between Britain and the Europe, there are more practical causes to the Brexit, namely power, money and people, all very cliché factors. According to…
Read moreThe following article has been exclusively prepared for LeapRate by AETOS' analyst Ryan Chen. Introduction The turbulent situation caused by the 2016 Brexit referendum has carried over into 2019. The pound has not yet completely rebounded from the collapse triggered by the crazy referendum, and the process of Brexit appears more difficult than anyone expected,…
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ActivTrades’ Market Analysts have provided their daily commentary on traditional markets for April 10, 2019. Forex/Brexit The Pound remains within a tight range, currently trading around $1.30. Despite overnight reports pointing to EU intentions to offer the UK an extension to article 50, that could last for up to a year, the Pound barely moved.…
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The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have just announced that they have agreed two MoUs to ensure there is continuity once the UK leaves the European Union. Last week, ASIC announced that new laws are about to protect financial service consumers in Australia. According to several independent…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: The EU agreed to extend the Brexit deadline, but only if the UK must vote again this week whether the Brexit agreement was passed. If the Brexit agreement is vetoed again, the UK must formally leave the EU without…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: On Thursday, the British House of Commons voted again on the British Prime Minister to submit a new Brexit amendment. If it is rejected again, the Prime Minister must extend the deadline for the European Union to leave the…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Personal opinions today: Last week, the US ADP reached 183,000, but on Friday, the official US non-farm payrolls fell sharply, only 20,000. It cannot reflect the accuracy of data published by the US official. From the sub-item, the US officially announced that…
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The following article was written by Raphael Ribeaucourt, VP of Institutional FX at Advanced Markets LLC. 2018 was a challenging year for retail FX brokerages with many of them being sold over the counter and others struggling to implement the new rules mandated by regulators. What we can say is that 2018 was first and…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today issued a joint statement in collaboration with three U.K. regulators, which are the Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), regarding activities relating to the trading and clearing of derivatives between both countries after Brexit. The statement reassured market…
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