Archived IMT (2010.05.10)
VARIOUS INTERPRETATIONS to Gordon Browns speech, in which he announced that his Labour Party is ready to discuss a coalition with LibDems. Brown announced he will step down to allow for these negotiations to go on, which is a negative for GBP as it paves the way for the possibility of establishing a labour/LibDem. While markets have proven their clear preference to see Conservatives in power (via GBP rebound following Camerons Friday speech), any signs of the alternative are showing the opposite impact on the currency. And so, GBP is not falling on the mere announcement of Browns stepping down but on the implications for a possible arrangement between Labour and LibDems. EURGBP eyes 0.8680, GBPUSD is dragged by a bearish oscillator crossover towards $1.4780.
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34
Why the Euro Keeps on Falling
by Adam Button | Feb 19, 2020 16:37
Forex Brokers' Share Price Performance
by Ashraf Laidi | Feb 19, 2020 12:17