Boris Johnson
Fresh Coronavirus Concerns Hit Share Prices
March 27, 2020
The global tally of identified Covid-19 infections is at 549,430 people and has produced 24,872 deaths thus far. Spain saw its death count jump by 493 in the past day to 4,858 overall. In the U.K., both Prince Charles and Prime Minister John have tested positive. The United States now tops the leader board in […] More
Nervous Market Tone Continuing
October 2, 2019
Investors remain leery that policymakers are up to the task of containing the slowdown of global growth. Monetary stimulus has grown old and less effective, while fiscal support is largely missing in action. The trade war motors on even as evidence such as the September purchasing manager surveys show that nobody wins. British Prime Minister […] More
Some Geopolitical Relief but Not Out of the Woods
September 4, 2019
The British Parliament passed a bill late yesterday by a 328-301 margin to stop Prime Minister Johnson from engineering a no-deal breakaway from the EU on October 31. BoJo, as he is known, is expected to lose more votes today and to call snap elections for October 14th. It’s not clear the Parliament will authorize […] More
Europe in the Spotlight
August 28, 2019
Tense political dramas are happening in the U.K. and Italy this Wednesday. British Prime Minister Johnson, A.K.A. Bojo, requested that Queen Elizabeth suspend parliament for five weeks. This tactic is meant to curtail the maneuvering room of opponents to a hard Brexit from passing a law preventing such. Johnson’s request creates a constitutional crisis. Sterling […] More
Dollar Up on Day with Two Large News Developments
July 23, 2019
Boris Johnson, who favors a very hard U.K. break with the EU, was selected as the new leader of the British Conservative Party and will thus succeed Theresa May tomorrow as prime minister. This development greatly increases the likelihood that Britain will leave the European Union by October 31 without any negotiated terms. U.S. congressional […] More
Sterling’s the Biggest Loser Against a Strengthening Dollar
February 22, 2016
Sterling fell 2.0% against the U.S. currency, which also has risen 0.9% against the euro, 0.8% relative to the Swiss franc and 0.5% vis-a-vis the yen. Emerging market currencies and commodity-sensitive monies have also performed well this Monday. The U.S. dollar lost 1.1% against the Aussie dollar, 0.4% versus the kiwi, 0.5% against the rand […] More
