Posts by Currency Global
Market Report – 21 November 2016
Phillip Hammond will deliver the Autumn Statement on Wednesday, in which he will reveal the state of the economy and outline the government’s spending plans. He will reportedly announce broad direction, but leave more policy announcements to his colleagues, unlike his predecessor George Osborne. Wednesday also brings us durable goods orders from the US for…
Read MoreBrexit – What it means for the future of currency exchange
Overview: Sterling’s dramatic depreciation post-Brexit has hindered the UK’s importers to keep prices competitive, with the fall now forcing them to either hike prices, in some cases by over 10%, or share the increase with their buyers and reduce their profit margins. The political risk surrounding the triggering of Article 50 is anchoring Sterling’s potential…
Read MoreMarket Report – 14 November 2016
President elect Donald Trump crushed rival Hillary Clinton in dominating style last week. Trump, who will take office on January 20th 2017, then managed to calm markets with a conciliatory speech once he had acquired the 270 electoral votes required for victory, with the expected Dollar sell off yet to start. Both Theresa May and…
Read MoreUS Presidential Election
President-elect Donald Trump defeated Hillary Clinton in part by building a coalition of voters who had not supported Republican candidates as enthusiastically in the past. Trump won huge numbers of votes in counties with low annual incomes – over 51% of the vote in those counties, surpassing Clinton by nine points. These votes were won…
Read MoreMarket report – 07 November 2016
Overview All eyes will be on the US Presidential election this week. No matter which way the US public decide to vote, volatility is to be expected across all asset classes. A republican victory could be a catalyst for a huge dollar sell off, with many market participants fearful of the damage Donald Trump could…
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