The pound had a rocky August as the October 31st Brexit deadline drew nearer and the ongoing drama of Brexit intensified. Prime Minister Boris Johnson rocked the pound by staying firm on the path to leave without a deal if nothing was agreed by the 31st October
A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
In July the pound continued its march lower as markets prepared for the prospect of a PM who would be more aligned with a no-deal Brexit outcome
Boy Scouts and Girl Guides have the motto “be prepared.” This can also apply for currency. TFG heard from AFEX’s Trevor Charsley on the latest US dollar updates, including jawboning the dollar, and monetary easing from the ECB.
The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.
The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
While not gaining considerable cents, the US dollar has remained stoic on the currency charts despite political uncertainty. This has culminated in the pound hitting a 27 month low and the Euro remaining in flux due to political changes on the continent. Forex has famously been a volatile and detail-driven market, with day traders some of the most talented brokers in the industry. However, does the continued strength of the US Dollar indicate that forex is finally taking on some degree of predictability?
The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
AFEX Reports. We have dined on Brexit for over two years now. Although some are understandably sick of the subject, Brexit has been quite costly to European businesses.
From time to time we hear news about large corporation reporting losses as a result of FX volatility, sometimes even as a result of poor FX risk management decisions.
By 2025, Africa’s booming population is expected to surpass China, vesting on its undeniable economic potential. As global growth is slowing, the world has started to identify the population boom in Africa and the opportunities presented by it.
Uncertainty surrounding the Brexit process has continued to dominate the headlines and drive much of the volatility in the foreign exchange market in the past few weeks.
Although the clocks went forward, they did not shed any fresh light on Brexit. The stalemate continued and the EU granted an extension to Article 50 until Halloween, by which time the clocks will have changed again and we’ll probably still be in the dark.
TFG’s exclusive interview with Robert Besseling covers the latest macro-economic factors at a regional level in Africa’s key economies.
Since the start of his Presidential election campaign in 2015, the world knew that Donald Trump would engage in trade wars. He connected with middle America by suggesting he would bring manufacturing and production back to states such as Ohio and Pennsylvania. Trump also told the nationalistic population that America would return to being the greatest superpower.
