Market News

The British Pound floated higher and remained just off a 6-week peak as concerns over a hard Brexit seem to be receding, despite Boris Johnson's efforts to pull Britain out of the EU, with or without a deal.

Few individuals have the ability to move the market like John Bolton, the U.S. National Security Advisor who was fired yesterday by President Donald Trump.

The main role of the United States Securities and Exchange Commission is regulating the U.S. securities markets.

The Pound Sterling remains under sell pressure despite news that the UK Parliament was going to try to force the Prime Minister to request a new deadline.

British Prime Minister Boris Johnson’s attempt to call a snap national election was quashed on Monday when only 293 members of parliament (MPs) voted in support of Johnson’s motion, significantly short of the threshold needed to pass it.

British MPs are set to decide on Boris Johnson's call for a 15 October vote, however, it's highly unlikely that they will back the Prime Minister's proposal before they make sure the no-deal Brexit is stopped.

The Pound Sterling is moving close to a 5-week peak on revived hopes that next month's withdrawal from the European Union will not be an overly difficult one after all.

The Japanese economy grew at 1.3 percent in Q2 2019, in-line with the median expectation, but weaker than the preliminary reading of 1.8 percent, the Cabinet Office announced on Monday.

This week is likely to see a lower level of market activity compared to last week, with central bank input due from the European Central Bank only.

The latest Reuters poll regarding the globe's major currencies suggest that the US Dollar will continue to be favored by FX traders overt he next several months.

Pound traders remain skittish though there appears to be some hope that a hard crash out of the European Union might have been averted thanks to Parliamentary wrangling.

When asked about Germany's economic outlook, Stephen Scherr, the Goldman Sachs Chief Financial Officer said that Germany is on the verge of an economic slowdown.

Asian benchmarks were broadly higher on Thursday morning after it was announced that the U.S. and China would resume high-level trade negotiations in early October.

The British opposition, together with some "rebellious" conservative MPs, defeated Boris Johnson in a 328 to 301 vote, as an attempt to stop a no-deal Brexit and to give them the chance to carry out their plan through to completion on the next parliamentary session.

The Pound Sterling managed to recover some of its recently lost ground after Parliamentarians took back control of the Brexit outcome.