Brexit news
BoJo Shocker, Dovish RBA Minutes, and Some Robust U.S. Data
December 17, 2019
The pound hit an air pocket overnight, dropping 1.3% against the dollar after Prime Minister Johnson rejected the option of further extensions to Brexit talks. The lack of any deal is back in play. As things stand, Britain is to leave the EU at end-January and any transition period into full Brexit ends before 2021. […] More
An Active Friday in the Market Caused by Breaking Geopolitical News
October 11, 2019
An Iranian oil tanker in the Red Sea was the object of rocket attacks and is spilling oil. The missiles are believed to have been fired by Saudi Arabia. WTI crude oil rose 1.6% in response. British Prime Minister Johnson and Irish PM Varadkar after bilateral talks said they could see a pathway to a […] More
U.K. in Greater Danger of a No Deal Brexit
April 2, 2019
The British House of Commons still cannot find sufficient agreement on the terms of withdrawing from the EU. Faced with binary scenarios of withdrawal without a deal or a lengthy delay in leaving, the first option is looking more and more likely. The 10-year British gilt yield dropped five basis points in response overnight, but […] More
Sterling and European Stocks Extend Slide
June 27, 2016
European markets staggered further from all the political and economic uncertainties unleashed by the Brexit referendum result last week. Britain has a political vacuum. PM Cameron speaks to parliament today. He’s resigned by wants to stay until a Tory successor is chosen at the Conservative annual conference in October. Markets do not seem to be […] More
