Blog

MAY DOES "DEAL" WITH DUP

In what has been a rather uninteresting week for major currency swings, the headlines have been mostly referencing the start of Brexit negotiations and UK PM Theresa May trying to finalise a "deal" with the DUP (which now looks likely). Meanwhile Scotland's finest, Nicola Sturgeon continues to try and aggravate Theresa by demanding a seat at the Brexit negotiation table (however, one wonders if they provide high-chairs at these types of meetings!) This, despite Sturgeon's pathetic showing north of the border during election time which made Theresa May's performance look positive!

SHOCKER FOR THERESA

So, after a rather embarrassing performance in the UK general election by PM Theresa May, the pound flipped broadly to the downside on fears of the uncertainty a hung parliament causes. The cheers from Europe were deafening on the news as the gloating started and drinks flowed amongst the European elites. In the following days after the election, GBP made a slight recovery as it became evident that Theresa was capable of heading up a coalition. Cable sits just under 1.28.

"UK AND U.S ARE NO LONGER RELIABLE PARTNERS"

This week has seen currencies trade in relatively narrow ranges compared to recent weeks. EUR/USD is holding firm around the 1.12 mark whilst cable trades between 1.28 and 1.29 despite a busy week geopolitically wise.

'Disgraceful'

Yet again we have to start our blog by sending our most heartfelt wishes out, this time to the people of Manchester. For someone to deliberately target a venue where many of the attendees were children and murder at least twenty-two innocent people seriously injuring dozens more simply defies belief. The UK is now at it's highest terror level (critical) with Theresa May warning that another attack is "imminent" from a bunch of "losers" (as Donald Trump calls them) hellbent on succeeding in their warped ideals.

TRUMP: A STEP TOO FAR?

So, Donald Trump decided to fire his head of FBI Comey. The official White House statement cited the reason for Comey's dismissal was his inability to deal with the Clinton email scandal. However, the cynics are circling, suggesting that Comey was getting rather close to uncovering 'The Donald's ' links with Russia pre-election. Apparently, Comey found out that he had been fired on Facebook......now who said that social media was a bad thing?Trump has got rid of one of the elites most prized assets within authority....could this be one decision too many for Trump?

STATUS QUO IS RESUMED.....FOR NOW!

The European elites jumped with joy at the news that Emmanuel Macron triumphed over his opposite number Marine Le Pen in the race for the French Presidency. The back-slaps and celebratory cigars started almost immediately upon the breaking news with congratulations piling in from all corners of the world. German Chancellor Angela Merkel even almost managed a smile as she stated that this was "a vote for Europe". However, what will be concerning the elites is the rapid rise in popularity of the right. Marine Le Pen has now established herself as the leader of the opposition.

Pages

Subscribe to RSS - blogs