To all our Clients: A Valentine Message and 3 corny jokes (sorry!)
1. Q: What did the boy octopus say to the girl octopus?
A: Can I hold your hand, hand, hand, hand, hand, hand, hand, hand, hand, hand?
2. Q: What did one snake say to the other snake?
A: Give me a little hug and a hiss, honey.
3. Knock, Knock,
Who’s there?
Olive
Olive Who?
Olive you!
Back to last week’s theme of the unintended consequences of smoking Marijuana, a smoker in search of a suitable place to fire up his bong, broke into a house in Texas earlier in the week. Upon entering the house it was only to be confronted by…a tiger. Police were called and both the smoker and the tiger were taken into custody.
An early start for SGM-FX’s very own Charles M.Porter who once again took to the airwaves on TalkRadio first thing this morning trying to make some sense out of the newspaper headlines of the day with pundit James Max.
Markets are phlegmatic in fact actually positive about global events in the past 24hrs and also Charles being on the radio.
FTSE closed at 7190 Dow at 25543. Oil WTI at $54.Â
Last but not least for all those of you casting around to buy a suitable present for your significant other:Â
Victoria’s Secret despite struggling to preserve sales is optimistically offering an embroidered kimono for $490…that is if you are concerned at looking cheap having already rejected the $350 leather bustier!Â
The SGM-FX team, even as you are reading this, are stress testing both of these pacy outfits and of course…as ever the latest Brexit developments as they unfold today in Parliament!
Happy Valentines!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
British Pound With a GBP 4 billion auction of 10 Year Gilts today, markets are watching carefully as higher long term rates put pressure on the UK Chancellor and GBP bounces around between USD 1.21 and 1.22. After 6 consecutive trading sessions with GBP weaker and a low of 1.2097 which has taken its toll, […]
Reckoning Days Despite it being less than one week until Donald Trump’s inauguration, markets are still fixated on the evolution of the UK’s bond market and its currency. The Chancellor may well have been hoping for some distracting headlines from the incoming President-elect. Unfortunately for her, those that have come from the Trump administration and […]
Europe With EU annual inflation coming in at 2.4% up from 2.2%, conventional wisdom might suggest that that might dampen the ECB’s enthusiasm for an early cut in EUR interest rates at the end of January. But such is the weakness pervading the EU economies, it is more likely that the hawkish tendencies at the […]