British lawmakers rejected Prime Minister Theresa May’s Brexit deal by a wide margin Tuesday. GBP fell against its US counterpart to lows of 1.2668 in a knee jerk reaction, though swiftly pared back losses to move towards flat for the day.
Today is likely to bring with it robust market movement, particularly in the GBP/USD market. Three possible outcomes to today’s Brexit vote are: UK PM May wins, the PM loses by a narrow margin and the PM loses by a wide margin.
Global Markets: Asian Stock Markets : Nikkei up 0.85%, Shanghai Composite up 0.83%, Hang Seng up 1.65%, ASX up 0.71% Commodities : Gold at $1291.25 (0.00%), Silver at $15.72 (+0.24%), Brent Oil at $59.78 (+1.34%), WTI Oil at $51.20 (+1.37%) Rates : US 10-year yield at 2.715, UK 10-year yield at 1.298, Germany 10-year yield … Continue reading Tuesday 15th January: Green Asia on stimulus hopes
UK Prime Minister Theresa May brings her Brexit deal to Parliament knowing that she faces almost certain defeat in a vote that could mean weeks of perilous political brinkmanship for Britain.
Global Markets: Asian Stock Markets : Nikkei up 0.97%, Shanghai Composite down 0.73%, Hang Seng down 1.51%, ASX down 0.02% Commodities : Gold at $1291.05 (+0.12%), Silver at $15.60 (-0.34%), Brent Oil at $59.69 (-1.31%), WTI Oil at $50.89 (-1.36%) Rates : US 10-year yield at 2.699, UK 10-year yield at 1.287, Germany 10-year yield … Continue reading Monday 14th January: Asian markets in the red as China disappoints
