Sterling has seen much politically driven volatility over the last few weeks, but today marks a relative snoozefest. Maybe traders have been convinced by Boris Johnson as he today dismissed fears over leaving the single market. The Foreign Secretary, speaking in front of the Commons foreign affairs committee, has claimed that the “term ‘single market’ is increasingly useless” and that…
A weaker sterling is a benefit for the UK equity markets, but investors should begin to reduce exposure, based on experience says Alastair as he talks with Bloomberg’s Markus Karlsson and Daybreak Europe’s Caroline Hepker. They also discuss the market impact of a potential Trump Presidency. Click here to listen to the interview on Bloomberg.
As the UK Prime Minister heads to Europe to conduct Brexit negotiations and markets eagerly await the FOMC Meeting Minutes what lies in store for the global markets? Our Director of Investment Management Alastair McCaig comments on Dukascopy TV. Click here to watch the full interview.
Synopsis of the week Theresa May’s speech at the Conservative party conference casts doubts on the UK’s ability to maintain passporting rights with the EU sending Sterling spiralling lower. The collapse of the UK Pound against the US Dollar has boosted the FTSE as 80% of the companies in the index see their income derived from US Dollars. News that…
Unless you’ve been living under a rock for the last few months, you’ll be well aware the two leading parties, Republicans and Democrats held elections earlier this year to decide who would be their nominated presidential candidate. The larger-than-life Donald Trump was the person most responsible for making events so watchable. However, expectations were that sooner or later his push…
Synopsis of the week Deutsche Bank has hogged the headlines for all the wrong reasons, as markets squeeze the shares lower in both European and US trading. OPEC agree to cut output, but will not completely ratify or implement until its November meeting in Vienna. Having already seen April’s agreement fall apart and being reliant on Saudi Arabia and Iran…
Synopsis of the week For the ninth month in a row the Fed have decided to leave US rates unchanged. Ahead of Wednesday’s decision, markets had only been factoring in a 20% chance of change and subsequently Equity and FX reactions were muted. Three of the nine voting members voted for change adding to the likelihood of a move in…
Alastair chats with Share Radio’s Ed Bowsher to examine this weeks news shaping the global economy and investor sentiment. They discuss the conglomerate Maersk’s plans to split into two divisions and other top financial stories. Click here to listen.
Synopsis of the week The Bank of England have decided not to add to the stimulus measure that they took in September. While at the same time they have reaffirmed their intentions to take further actions in the future if required. European equity markets spend the week drifting lower as weak economic data and a lack of stimulus can’t prevent…
Synopsis of the week In total the ECB have purchased over €1 trillion of debt as they have remained firm in their efforts to stimulate the EU through Quantitative Easing. They currently have a mandate to purchase €80 billion of debt a month. ECB President Mario Draghi has not used this latest meeting to extend the current scheme beyond March…
