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“The pound fell the most, open to close, this year due to yesterday’s political turmoil. Since, there has been little material change but sterling remains twitchy as market participants sit eagerly on the edge of their seat for the next Brexit headline.”https://t.co/FCjdbhCGjt
— Monex Europe (@monexeurope) November 16, 2018
Morning Report: 16 November 2018
GBP. Sterling fell to its knees yesterday, as Prime Minister Theresa May’s administration came under huge pressure after the announcement that Brexit Secretary Dominic Raab had resigned from his position. Raab was one of four high profile ministerial resignations yesterday, and it later appeared that Raab had not even seen the draft deal prior to […]
Morning Report: 15 November 2018
GBP. A make or break day for May and the pound proved anticlimactic after the Cabinet meeting drew into the evening yesterday. Last night’s press conference was cancelled along with Dominic Raab’s meeting with Michel Barnier, and May’s short statement looks like the anticipation around Brexit will be delayed until 10:30 today where she will […]
Today’s #cabinetmeeting poses a binary outcome for #Sterling . Should a deal be supported by Cabinet, sterling will likely rally above the $1.30 handle, but the perennial risk remains that May doesn’t have the support of the Eurosceptics. #Brexit #GBPUSD #GBPEUR pic.twitter.com/zmapAKWXHT
— Monex Europe (@monexeurope) November 14, 2018
Ranko BerichRanko Berich is Head of Market Analysis at Monex Europe & Monex Canada. He is a respected macroeconomic commentator, combining incisive market insight with a deep understanding of global economic and political events.
Ranko leads our team of analysts, providing commentary and insight on the markets as news breaks.