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Theresa May Continues To Seek Support For Her Brexit Deal In Parliament
Wednesday, January 23, 2019 - 12:48pm | 514Read More...Ahead of the next vote (on January 29th), British Prime Minister Theresa May is looking for modifications to the Irish backstop in order to gain enough support to get her Brexit deal through Parliament. But few Members of Parliament (MPs) were impressed by May's approach, saying that she was in...
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GBP/USD Forecast: Sterling Faces Tough Resistance Of 38.2% Fibonacci Retracement At 1.2990
Wednesday, January 23, 2019 - 12:06pm | 438Read More...The GBP/USD is boosted to mid-1.2900s on delayed Brexit hopes. The Bank of England Deputy Governor Ben Broadbent is scheduled to speak at the London School for economics. The political disputes about the future continue with the opposition Labor party pushing for the second referendum. Looks like...
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How Brexit Affects The Ireland ETF
Wednesday, January 23, 2019 - 8:52am | 533Read More...The iShares MSCI Ireland ETF (NYSE: EIRL), the lone U.S.-listed exchange traded fund dedicated to Irish equities, is up 6.34 percent year-to-date, an impressive performance considering the Brexit backdrop. With the U.K.'s departure from the European Union looming, some analysts and market...
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GBP/USD Forecast: Sterling Back To The Old Range As Global Worries Bite Amid Brexit Stalemate
Tuesday, January 22, 2019 - 1:08pm | 429Read More...The GBP/USD is trading little changed on the downside as global growth worries favor safe-haven greenback. The UK Prime Minister Theresa May failed to deliver a new strategy and a Plan B for Brexit deal while speaking in parliament. The UK labor market report is expected to deliver strong figures...
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GBP/USD Forecast: Sterling Corrects Lower As Plan B Is Unlikely To Surprise
Monday, January 21, 2019 - 11:17am | 434Read More...The GBP/USD is trading down back in the middle of the old range in 1.2800s as plan B for Brexit is unlikely to surprise. The UK Prime Minister Theresa May is expected to present Plan B in the House of Commons on Monday with a new plan being reportedly pretty much the same as the original. The GBP...
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GBP/USD Forecast: Sterling Is Heading South After Rejection At 38.2% Fibonacci Level
Friday, January 18, 2019 - 12:12pm | 461Read More...The UK Prime Minister is in intensive talks on the domestic political scene with the opposition Labor party refusing to participate. Media reckon 50% chance of Brexit turning to Norway type of cooperation with the European Union. The GBP/USD is sliding lower after the euphoria bringing it to 1....
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Hope Takes Flight: China Optimism Has Markets Looking Strong Ahead of Weekend
Friday, January 18, 2019 - 11:16am | 2230Read More...A long weekend looms, but before that, there’s a lot to digest. Perhaps topping the list is the latest scuttlebutt around trade with China (see more below). Netflix, Inc. (NASDAQ: NFLX) earnings also rank high, with shares down 3% in pre-market trading after a Q4 revenue miss. Automaker...
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Today's Pickup: Brexit Soap Opera, Netflix's Rail Exploits, Portland Freight Hub
Friday, January 18, 2019 - 10:33am | 746Read More...Good day, Brexit over the past week has unfolded like a soap opera for the supply chain set. Every day brings a new cliffhanger — "Prime Minister Theresa May is out!" — only to be followed by an anti-climax — "Wait! May is still in!" FreightWaves ...
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Labour And Tories In Brexit Stand-Off
Friday, January 18, 2019 - 10:28am | 1088Read More...The Labour Party has demanded that Theresa May takes the prospect of no deal (on Brexit) off the table following the failed motion of no confidence in the government yesterday. Jeremy Corbyn, the leader of the Labour Party, called May's invitation for talks a "stunt" and refused to...
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Brexit Update: These 2 Pros Are Unconcerned
Thursday, January 17, 2019 - 3:25pm | 516Read More...British Prime Minister Theresa May will go down in history after her Brexit proposal suffered the biggest defeat ever by 230 votes in Parliament. But on Wednesday, many of the politicians who didn't support her Brexit proposal agreed to keep her in power. This could be seen as a sign that...
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GM Pulls Ahead Of Ford In Just About All Competitions, Morgan Stanley Says
Thursday, January 17, 2019 - 12:31pm | 639Read More...In the auto scene's contentious race to the top, General Motors Company (NYSE: GM) has the edge on Ford Motor Company (NYSE: F), according to one analyst team. The Rating Morgan Stanley analysts Adam Jonas and Armintas Sinkevicius maintained an Overweight on GM rating with a $44 price target....
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GBP/USD Forecast: Sterling Rangebound After May Wins A No-Confidence Vote
Thursday, January 17, 2019 - 11:49am | 405Read More...Prime Minister Theresa May's government won a confidence vote in the House of Commons with 325 votes versus 306 clearing the way for a delayed Brexit. The European Union is reportedly ready to delay withdrawal until next year. The GBP/USD remains in a sideways trend in the upper part of the...
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Industry Fears Hard Brexit Is Closer; Markets Believe Soft Exit Is Possible
Wednesday, January 16, 2019 - 3:47pm | 725Read More...Logistics and transport industry figures have reacted with alarm following the British Government's significant defeat in the House of Commons yesterday, fearing that the result brings a disastrous "no deal Brexit" closer, but a bounce in the value of the pound shows the markets are...
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May Survives No-Confidence Vote As Brexit Deadline Nears: 'Unfortunately, Everything Remains Possible'
Wednesday, January 16, 2019 - 3:39pm | 771Read More...Investors and businesses were digesting the latest developments in the U.K’s stumble toward an exit from the European Union with as much uncertainty as the nation itself has about how, when or if it will actually occur. Britain’s FTSE 100 was down — but not...
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May's Brexit Plan Defeated: Here Are The Markets' Winners & Losers
Wednesday, January 16, 2019 - 2:41pm | 787Read More...In a resounding defeat, British Prime Minister Theresa May's Brexit deal was voted down by the parliament. British lawmakers voted 432-202 against May's proposed withdrawal from the European Union. Nearly 118 rebel Conservative MPs voted against the proposal on grounds of being weak,...











