The Brexit surprises are still coming. And there are likely more in store in the days and weeks ahead. Since the initial drop of the GBPUSD last Friday from the high 1.40's to about 1.32 right after word of the Leave side referendum victory broke, the GBP has been slowly recovering - as have the…
Read moreIt will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
Read moreWhen asked once about why shares in his company were lagging, former Telegraph proprietor Conrad Black told analysts: The market is always right. A fairly honest admission by an embattled CEO, but also very correct. When people have to put real money to work, the invisible hand of the market usually prices things correctly. Usually.…
Read moreMost FX research analysts predicted volatility this week, and it looks like they are going to get it. With currency trading restarting as the weekend turned to Monday morning in the Far East, weekend polls showing a marked jump for the #VoteRemain side were clearly supporting a jump in the British Pound. The GBPUSD pair was…
Read more