Theresa May

Strengthening Pound and Gold, Weakening Dollar and Stocks

January 17, 2017

British Prime Minister Theresa May delivered a speech on Brexit that Rejects any residual partial association with the European Union, Prioritizes total control over immigration above special rights to the single market, Informs that an all-out arrangement for the U.K. would leave it in position to negotiate trade separate trade deals with all countries. Hopes […] More

Sharply Weaker Yen

July 11, 2016

The yen lost 2.1% against the dollar, notching its biggest daily decline in 11-1/2 weeks. ┬áThere has not been reported intervention, but Sunday’s upper house parliamentary election, won strongly by Prime Minister Abe’s LDP Party, clears the way for more aggressive macroeconomic stimulus there. Half of the 242 seats in Japan’s House of Councillors were […] More

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