British election
A Day Potentially Fraught with Major Developments
June 8, 2017
First up is ECB President Mario Draghi’s press conference. The Governing Council didn’t change interest rates. No surprise there. But new macro-forecasts will be unveiled, and there are risks that the growth outlook will be made brighter but also that projected inflation may be lowered. Next comes former FBI Director Comey’s testimony before the Senate […] More
Post-Election Rise in Sterling ahead of U.S. Jobs Report
May 8, 2015
Britain’s election did not result in a hung parliament as had been feared. The Conservatives were reelected with a majority of 323 seats, gaining 22 on balance. The Scotch National Party carved support away from Labour, whose seat tota fell by 23 to 229. The Liberal Democrats lost 85% of its seats to a mere […] More
