EUR/GBP News, Page 1

UK PM Johnson is to prorogue (suspend) Parliament next week, only 9 weeks before Brexit is due. The Queen’s Speech will be on 14 October and will outline his “very exciting agenda”. It will also mean very little Parliamentary time for the opponents of a No-Deal Brexit to organize. The

ECB president Mario Draghi has long been known as the king of the doves. And, as anyone trading the German DAX (GER30) or EUR crosses would attest, he directed a powerful rebuttal to the growing calls that the bank is out of ammunition to fight a future recession.

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GBPUSD uplifts on Strong Hopes of Deal Brexit; US-China Trade Talks on Last Stages may help sinking Yuan

Hopes for Brexit deal helps GBP amid economy cooling

The British pound, as expected, experienced a high volatility day on Tuesday. As the result, however, the currency avoided serious pressure, ending Tuesday’s near levels at the opening. During the day on Tuesday, the pressure on the pound increased, sending GBPUSD from 1.2850 to 1.2700.

Today, the British Parliament is set to vote on Theresa May’s Brexit deal. Most economists are forecasting that the majority of MPs will vote against it, which will certainly have a negative impact on the pound. On the other hand, approval for the deal would certainly come as a surprise

Today, in the EU markets’ focus is the ECB meeting, which often causes strong volatility. Mario Draghi is expected to confirm that the Central Bank will finally stop buying assets by the end of this year.

Asian markets closed mixed on Tuesday following Monday’s wild ride in US equities. Indices in the EU were up an average 1.75% in early Tuesday. The trade news from China helped lift US indices in early Tuesday trading.

In the US, futures were indicated to open flat to slightly lower on Monday morning. In the EU mounting growth fears related to the US/China trade standoff have the indices moving lower at midday. Asia markets led the globe lower on Monday morning.

US markets were trading lower in early futures action as President Trump indicates he will move forward with plans to raise tariffs. European markets were drifting lower at midday as trade concerns, Brexit uncertainty, and Italian budget issues weigh on sentiment. Asian indices were mixed on Tuesday as trade concerns resurface.

Tech led the global decline and was felt nowhere more strongly than among the FAANG stocks. The European market was broadly lower at mid-day on Tuesday on weakness in tech and banks.

One of the very real implications of Brexit has become clear as a growing list of investment banks have announced plans to move as much as $280 billion in assets from London to Frankfurt.

The US equity market was indicated to open with a small loss in early Monday. EU indices were flat to up at midday as Brexit hopes to provide support. Asian market was mostly higher despite a bombshell allegation against Nissan Chairperson Carlos Ghosn.

The Brexit news had a negative impact on the pound, the US futures market was indicating a positive open for equity indices in the early hours of the morning.

EU markets were moving lower in early trading, but buyers stepped in on word a Brexit deal had been reached. The US index futures were slightly lower in early trading but spiked on word consumer-level inflation is contained.

There are too many variables to accurately predict whether a crash will happen. The world has been slow to recover since 2008, but progress is being made, and the modern world has woken up to the dangers of complacency.

The post-election rally stalled in early trading as market participants focus on today’s FOMC policy announcement. Chinese indices slipped on weaker than expected trade surplus data.

Five months to the deadline, Britain is yet to reach a deal with the European Union on how to go about Brexit. Steve Eisman believes that now is the right time to short two U.K banks as expectations of the U.K leaving Europe without a deal soars.

European markets were up on stronger than expected earnings. The US equities market was indicated to open higher on Thursday morning.