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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Nobody like a tie. Not in sports. And certainly not in politics. But after a brief yet highly volatile UK election contest, it looks like that it what we just might get. Initial exit polls (see above, source: CNN) are indicating that Theresa May's Conservatives are likely to lose their parliamentary majority, yet remain as…
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UK markets saw a rather divergent performance yesterday with the FTSE100 slipping back and in the process dropping into negative territory for the year, while the FTSE250 rebounded strongly after its losses on Tuesday. The following post is courtesy of CMC Markets. While the recent rally in the pound may well be a factor in the…
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Theresa May’s move has clearly inspired Pound bulls.
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The following article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. European Union law will no longer be the law…
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CySEC regulated retail forex broker FXTM has shared an interesting observation from its trading room. Notably, that there is widespread negativity towards Sterling from its traders, with 95% of its clients trading short on the GBPUSD ahead of the expected historic March 29 trigger of Article 50, formally beginning the exit of the UK from the…
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Why did higher UK inflation trigger a pound rally?
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The UK Supreme Court ruled in a 8-3 vote that an act of Parliament is required in order for the May government to trigger 'Article 50' and formally begin the UK's withdrawal from the EU. The court effectively rejected the arguments put forth on behalf of Theresa May's government, which wanted to trigger Article 50…
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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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Breaking Forex News... It looks like the currency markets are in for another volatile week. Following weekend comments attributed to British Prime Minister Theresa May - that in a speech later this week she will apparently outline a Hard Brexit plan - the British Pound began the week down nearly 2% in early Monday trading…
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