Intraday Market Thoughts

GBP Liquidity from Paliament

by Ashraf Laidi
Nov 14, 2018 13:14

One thing is certain is that PM Theresa May and the House of Commons will provide extra liquidity to GBP pairs in the upcoming 2 days. At 14:00 London time, Theresa May's proposal for Brexit will be decided upon by her cabinet and later at the House of Commons ahead of which a new GBP Premium trade was issued, supported by 2 charts. Volatility will continue, especially if resignations are threatened by members of May's cabinet. Other sources of GBP swings include US CPI coming up shortly and more importantly Fed chair Powell's speech to the Dallas Fed at 23:00 London. The speech will be especially important as crude oil falls to 12 mth lows. Half way through the month & oil is already seeing its worst monthly decline since summer 2015. Will Powell's speech at the Dallas Fed show any reflection to the oil audience? Speech is at 6 pm NY, 11 pm London.

فيديو للمشتركين يغطي خطة إقتراب الأربعة اسواق بالإظافة الى صفقة اليوم

Act Exp Prev GMT
FOMC's Quarles Speaks
Nov 14 15:00
Fed Chair Powell Speaks
Nov 14 23:00
RBA Assist Gov Debelle Speaks
Nov 15 1:30

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