If there are any Remainers out there who are trying to take Eurostar this week: in the event that there is R2 or a second referendum (unlikely in our view) my hunch is that they will vote Leave this time!
Apart from wanting more money(so?) French customs officers are striking to “demonstrate the chaos in the event of a NoDeal Brexit” You have just got to love those French! Meanwhile Eurostar is experiencing 5 hour delays (if travellers are lucky.)
That’s why the Swiss should run ALL railways… always!
Oil WTI at $59 was another firm day for Oil traders. Gold back over $1300- just. GBP weaker on the back of the UK Speaker’s decision not to permit another Parliamentary vote on the same motion. While Remainers cheered that that reduced the chances of the UK leaving any time soon, there is more of a whiff of panic on the part of those who voted down the motion and now want to change their minds. FTSE liked all this and closed at 7300. Dow stronger at 25,914.
Discussion and Analysis by Humphrey Percy, Chairman and Founder
(No) confidence neighbours The vote of no confidence that brought Michel Barnier’s French parliament to the ground is only just in the rear-view mirror. Yesterday, Olaf Scholz’s coalition faced a similar vote paving the way to national elections in Germany. At the same time as we have been commenting upon the economic malaise that has […]
That’s going to leave a mark Overnight the Federal Reserve published its latest monetary policy decision. The relentless appreciation of the Dollar lately has been driven by the combined narratives of a soft landing, US economic exceptionalism, the forthcoming Trump presidency and the belief the Fed may have to moderate its easing cycle accordingly. The […]
British Pound With GBP if not all at sea but wallowing against the crashing waves of USD strength, it is a tale of two cities for beleaguered Brits: GBP/USD dipping below the previous floor of 1.2600 but versus EUR GBP still looking firm due to the apparent divergence between the Federal Reserve and the European […]