Foreign Exchange Insights and Next Week
Dollar Performance When Big U.S. Tax Cuts Are Undertaken
November 13, 2017
It remains unclear whether President Trump will get a tax cut law to sign by the end of this year or even in 2018. Both the Republican-controlled congress and he want to get this done, but the devil is in the details. If this legislation indeed happens, it will undoubtedly be large in scale like […] More
New Overnight Developments Abroad - Daily Update
Sterling Falters but Equities Performed Better in the U.K. than Elsewhere
November 13, 2017
British Prime Minister May’s own-party support continues to erode, leaving her with only a flimsy hold on power. The pound dropped 0.8% overnight, and the 10-year gilt yield is four basis points lower. However, whereas stocks in most markets overnight fell, the Ftse shows no net change. Equities declined 300 points or 1.3% in Japan, […] More
