Silver as an investment

Category Archives: Brexit

Cable Plummets On Report Brexit Talks Headed For “Catastrophic Breakdown” If No EU Compromise

Having traded near sessions highs most of the morning session, sterling suddenly tumbled (even if Gilts refused to move) following a Bloomberg report that the UK is said to see Brexit breakdown if the EU refuses to compromise. In immediate kneejerk reaction, GBPUSD plunged 50 pips, to session lows on fears that Theresa May’s visit […]

Theresa May Heads To Brussels For Surprise Brexit Dinner: “We’ve Almost Run Out Of Things To Talk About”

After her disastrous speech at the Conservative party conference, Theresa May is in desperate need of some good news as she puts her reputation on the line by unexpectedly heading to Brussels and personally intervening in the stalled Brexit talks. News of the meeting came as a surprise to some in Westminster, although 10 Downing […]

Key Events And FX Week Ahead: Central Banks Send Markets Into A Coma, Someone Say Something New Please!

European politics returns with a bang this week, when not only will attention be focused on Austria to see if the right wing Freedom Party joins the People's Party in a historic governing coalition, in an embarrassing blow to Europe's establishment, but also whether Catalan President Puidgemont will (again) fomally – and this time clearly […]

Bill Blain: “Markets Did Not Melt Down Yesterday As I’ve Been Semi-Seriously Predicting”

Submitted by Bill Blain of Mint Partners “Far across a moonbeam, I know that’s who you are, I saw your brown eyes turning once to fire..” Friday the 13th. Never a lucky day. Already I’m having a difficult time. I was a bit late so I decided to cycle to office this morning, but discovered […]

Nigel Farage: “This Is The Clearest Proof Yet That The Great Brexit Betrayal Is Under Way”

Authored by Nigel Farage, originally published in the Telegraph Theresa May is now the EU's Stepford Wife: subservient and submissive to their every whim So there we have it. Theresa May does not believe in Brexit. In an interview with Iain Dale on LBC, she completely collapsed, proving incapable of answering the question of how would […]

Three Cheers For MEP Dan Hannan: Why Not A Better Brexit Deal For Everyone?

Authored by Mike Shedlock via MishTalk.com, The EU values political correctness more than jobs. The result was a collapse in support for Angela Merkel, and the rise of AfD and FDP in Germany. Let’s not forget Marine Le Pen in France, Beppe Grillo in Italy, and the far right in Austria. For the sake of […]

Early Thoughts

marctomarket.com / by Marc Chandler / Sep 24, 2017 Merkel is Queen of the Ball but her dancing partners will change. Rather that waltz with the SPD, she may have to first give other suitors a chance.  The FDP is her natural partner, and the Greens may be more interested in sharing power than ideological purity.  They have courted in […]

Pound Flash Crashes After Moody’s Downgrades UK To Aa2

zerohedge.com / by Tyler Durden / Sep 22, 2017 4:44 PM In an otherwise boring day, when Theresa May failed to cause any major ripples with her much anticipated Brexit speech, moments ago it was Moody’s turn to stop out countless cable longs, when shortly after the US close, it downgraded the UK from Aa1 to Aa2, outlook […]

“No News Is Bad News”: May Calls For 2 Year Exit “Implemention”, No Mention Of Early Departure

Theresa May’s speech has concluded, and while she did not confirm prior rumors that she may call for early EU departure prior to 2019, cable is lower on what has been called a “no news is bad news” speech, because as Danske Bank said, May’s remarks in which she confirmed that the UK will be […]

Cable Drops Back Below 1.35 After Carney Walks Back Rate-Hike Comments

Having sent cable 4 big figures higher after his hawkish comments last week, BoE Governor Carney is out desperate to reassure markets he won’t break anything by explaining that any rate hikes will be “limited and gradual.” Cable has started to leak lower on the headlines… “There remain considerable risks to the U.K. outlook,” he […]