If...The global capital markets have quieted considerably since the start of the week. Month and quarter-end considerations appear to be playing a role. Also, there is a sense it will take some time to sort things out. Perhaps the biggest surprise is how ill-prepared the leave camp was for its victory. There was no game plan. There is no agreement on who should replace Cameron. The leave camp is in disarray with some of the leaders turning on each other (e.g. Johnson, Gove, Farge). There is even confusion of whether it is the Prime Minister or Parliament that invokes Article 50.
Sterling is firm. Short-covering and buying back currency hedges. The news stream remains poor. Confirmation of Q1 GDP at 0.4% (2.0% year-over-year) has little significance. However, news of a GBP32.6 bln Q1 current account deficit is notable. It gives a sense of the UK's funding needs. Record low interest rates and the unclear policy outlook suggests financing it may prove difficult at these levels.
Sterling's intraday upticks appear to be running out of steam ahead of $1.3500. Yesterday's high was near $1.3535, and the Monday's high was set by $1.3565. Due to the recent wide price swings, there is little in the way of $1.3400-$1.3450, if sterling is going to breakdown.
Może nie che brudnej roboty po Cameronie.Boris Johnson: This is not a crisis this is a moment for hope and ambition
Thu 30 Jun 2016 10:47:29 GMT
Author: Ryan Littlestone | Category: News
Author: Ryan Littlestone
Boris speaking but he hasn't actually declared he's in the running.
He's making a big speech which sounds like he might go either way.
The way he's speaking he sounds like he's not going to enter.
I'm a tax cutting conservative but wants a fairer capitalism
You live longer under conservatives
More visitors go to the London Natural History museum than go to Belgium. :-D
Decided not to run for PM
For some reason the pound likes it and knocks against 1.3500
http://www.thepoke.co.uk/2016/06/29/guy ... ok-absurd/So, let me get this straight… the leader of the opposition campaigned to stay but secretly wanted to leave, so his party held a non-binding vote to shame him into resigning so someone else could lead the campaign to ignore the result of the non-binding referendum which many people now think was just angry people trying to shame politicians into seeing they’d all done nothing to help them.
Meanwhile, the man who campaigned to leave because he hoped losing would help him win the leadership of his party, accidentally won and ruined any chance of leading because the man who thought he couldn’t lose, did – but resigned before actually doing the thing the vote had been about. The man who’d always thought he’d lead next, campaigned so badly that everyone thought he was lying when he said the economy would crash – and he was, but it did, but he’s not resigned, but, like the man who lost and the man who won, also now can’t become leader. Which means the woman who quietly campaigned to stay but always said she wanted to leave is likely to become leader instead.
Which means she holds the same view as the leader of the opposition but for opposite reasons, but her party’s view of this view is the opposite of the opposition’s. And the opposition aren’t yet opposing anything because the leader isn’t listening to his party, who aren’t listening to the country, who aren’t listening to experts or possibly paying that much attention at all. However, none of their opponents actually want to be the one to do the thing that the vote was about, so there’s not yet anything actually on the table to oppose anyway. And if no one ever does do the thing that most people asked them to do, it will be undemocratic and if any one ever does do it, it will be awful.
Clear?
http://news.forexlive.com/!/verbatim-wh ... s-20160630"The country voted to leave the European Union, and it is the duty of the government and of parliament to make sure we do just that."
"Brexit means Brexit ... the public gave their verdict. There must be no attempts to remain inside the EU, no attempts to rejoin it through the backdoor, and no second referendum."
no wlasnie tez myslalem, ze to nie Carney - funt juz sie uspokoil po szalenstwach a tu nagle bum edek. na poczatku myslalem, ze wciaz patrze na kabla hehe. Dzieki Alexalx pisze:Nie, Edek oberwał za coś innego - plota, że ECB ma problem ze znalezieniem wystarczającej ilości papierów dobrej jakości do swojego QE:
http://news.forexlive.com/!/ecb-concern ... g-20160630
http://news.forexlive.com/!/ecb-press-o ... k-20160630
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