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Pound Sterling Vs USD Indecision Abound
Monday, February 14, 2022 - 11:56am | 309Read More...GBP/USD had an inconclusive end to last week. Daily price action looked indecisive as the pair came under strong selling pressure in the 1.3560 to 1.3640 zone. GBP/USD opened the week at 1.35340, then early on edged to a low of 1.34906, then floundered, with the pair eventually hitting a high of 1....
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Fintech Focus For April 6, 2021
Monday, April 5, 2021 - 5:51pm | 1606Read More...Quote To Start The Day: [S]tock declines of 30-40% are overdone, and growth names should begin to re-inflate. True, interest rates will likely rise over time. However, they still hover near record lows, and borrowers of all shapes and sizes can afford to pay more. Source: Adam Johnson One Big...
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Understanding The Economics Behind Currency Wars
Thursday, August 22, 2019 - 3:43pm | 501Read More...A number of underlying forces drive currency moves. The U.S. government has accused China of gaining an unfair economic advantage by forcing the yuan lower. In the U.K., the drop in the sterling over the past month is also viewed by many as an economic headwind. The main beneficiaries of a weaker...
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Tuesday's Market Minute: Range-Bound Currencies Set For A Breakout?
Tuesday, July 23, 2019 - 9:57am | 288Read More...Currency futures are center stage this month, and the British Pound is in the spotlight today. The sterling has lagged this year, currently down over 6.5% from its yearly highs in mid-March. The prospect of a No-Deal Brexit on October 31 now looms ever larger, as Britain’s Conservative Party...
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Sterling Stability Cannot Last Amid Brexit Instability
Tuesday, March 26, 2019 - 2:04pm | 500Read More...GBP/USD leans lower after Parliament voted for indicative votes. A broad range of options paralyzes Sterling for now. The technical picture is directionless, just like Brexit. GBP/USD is trading around 1.3200 in choppy, yet range-bound trading. Late on Monday, Parliament voted in favor of holding...
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Still Looking For Stronger EUR/USD Catalysts
Friday, March 15, 2019 - 10:40am | 417Read More...The pair keeps consolidating gains above 1.1300 the figure. Markets look calmer in the wake of Brexit vote and despite renewed concerns arising on the trade and geopolitical fronts. The critical 200-week SMA emerges as the next significant hurdle. EUR/USD continues its march north so far this...
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Sterling Comfortably Numb In Mid-1.3100s Amid Brexit Stalemate
Thursday, March 7, 2019 - 10:43am | 516Read More...The GBP/USD is trading little changed on the downside in mid-1.3100s amid Brexit stalemate. The UK government has a deadline until Sunday-next Monday to conclude Brexit negotiations before the vote in House of Commons on Brexit deal. The Bank of England officials acknowledged future monetary...
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Technical Picture Sets The Stage For Sterling's Correction Lower
Monday, March 4, 2019 - 11:40am | 468Read More...The GBP/USD is trading little changed on the upside in the mid 1.3200s. The US President provided some US Dollar bearish comments over the weekend with little market effect some far. The market is prone to believe that extending Article 50 is a central scenario for Brexit development. The UK...
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Buy The Rumor, Sell The Fact Sets Sterling For Correction Off 5-Month High
Wednesday, February 27, 2019 - 11:14am | 589Read More...If a “meaningful vote” does occur on March 12 and Theresa May’s plan is successful, there are 17 days left to extend the Article 50 end-date to allow for legislation around the Withdrawal Agreement to be passed. If the “meaningful vote” means defeat for May’s...
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Prospects Of Delayed Brexit Settle Sterling In 1.3000-1.3100 Range
Friday, February 22, 2019 - 10:46am | 372Read More...The GBP/USD is trading little changed on the downside around 1.3020 as the last minute progress on Irish border backstop agreed at May-Juncker meeting failed to boost Sterling further. The UK domestic politics saw members of parliament leaving the main political parties as both Labor and...
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Sterling Stuck Near 1.2900 As UK Wage Growth Misses The Forecast
Tuesday, February 19, 2019 - 11:18am | 481Read More...The GBP/USD is trading little changed on the downside around 1.2910 as the UK unemployment remained at 4-decade low and wages rose less than estimated. Seven members of UK parliament from the opposition Labor party left the party to form an independent group in protest of the party’s slow-...
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Pound Woes Could Be Good News For These U.K. ETFs
Monday, February 13, 2017 - 2:23pm | 525Read More...Over the past 12 months, the CurrencyShares British Pound Sterling Trust (Guggenheim CurrencyShares British) (NYSE: FXB) is lower by more than 14 percent, making it one of the worst-performing developed markets currency exchange traded funds over that period. Weak Pound, U.K. Stocks' Statuses The...
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Watch Stocks In Vogue
Tuesday, November 22, 2016 - 5:03pm | 695Read More...Watch stocks Fossil Group Inc (NASDAQ: FOSL) and Movado Group, Inc (NYSE: MOV) have been on a tear in recent weeks. Fashion accessories retailers are apparently trading up in anticipation of a strong holiday season, as the macroeconomic fundamentals look up. Fossil has been up about 27 percent...
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Pound Punishment Is Perfect For These ETFs
Monday, August 15, 2016 - 9:17am | 589Read More...Speculation and confirmation of Brexit has, predictably, made the British pound this year's worst-performing developed market currency. Just look at the CurrencyShares British Pound Sterling Trust (Guggenheim CurrencyShares British (NYSE: FXB)), which tracks the sterling against U.S. dollars....
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Post-Brexit, Banks Could Be Problems For U.K. ETFs
Tuesday, July 26, 2016 - 8:47am | 632Read More...Underscoring the vulnerability of U.K. assets in the post-Brexit world, the Guggenheim CurrencyShares British (NYSE: FXB) is lower by nearly 12 percent over the past month. Remembering that when an investor opts for international stocks or funds he or she not only incurs equity risk, but currency...
