Theresa May
Brexit and Tariff Man Leading the Overnight News
April 9, 2019
A decision is needed tomorrow on whether and how long to grant Britain another extension on Brexit talks. In the meantime, Prime Minister May today will be holding talks with her German and French counterparts. She wants a short extension to June 30th but seems no closer to forging a parliamentary coalition behind any plan. […] More
Many Central Bank Meetings and a Stunning Deceleration of U.S. Import Price Inflation
December 13, 2018
The dollar shows no net overnight change against the Swiss franc, Chinese yuan, New Zealand dollar, or Canadian dollar. The greenback rose 0.8% versus the Mexican peso, 0.4% relative to the yen, and 0.1% versus the euro while dipping 0.1% vis-a-vis the Australian dollar and sterling. Asian equities rallied, but share prices in Europe and […] More
Down Goes the British Pound
November 15, 2018
With British Prime Minister Theresa May facing a vote of no confidence and several of her cabinet ministers resigning in protest against her Brexit deal, sterling slumped 1.5% overnight against both the dollar and euro. Weak British retail sales data were also released today, showing an unexpected 0.5% on-month drop in total sales (+2.2% on […] More
Sterling Lifted by Decision to Hold Early British Election
April 18, 2017
British Prime Minister Theresa May will reportedly announce a decision tomorrow to hold a snap parliamentary election on June 8. The previous British election was held in May 2015, and another one isn’t required until May 2020. May, who succeeded the resigning David Cameron last July, had previously been opposed to calling snap elections but […] More
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. There 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
