Macro observations The US Dollar surged on Friday given the double whammy or weakness seen in both GBP and EUR following the UK’s Brexit vote. While the short term is sure to see both bullish and bearish swings as further details emerge serving to smooth out political and financial uncertainties, the long term outlook is solid…
easyJet (EZJ) has joined peer Int. Consolidated Airlines (IAG) with a Brexit-inspired profits warning that sees its shares sharply lower again today, down another 15% after giving up 14% on Friday. This comes as the airline appears to capitulate in the face of mounting issues with Friday’s Brexit vote potentially being the straw that broke…
We can more or less forget the preceding week, save to say that markets were pretty sure we’d get a ‘Remain’ vote in the UK’s referendum on EU membership. The harder they come, the harder they fall, and that’s just what happened. What really matters is what followed throughout today – the 24th June. I’ll get…
My colleague wrote recently about the biggest opportunities for profit often requiring one to ‘be greedy when others are fearful’ and vice versa. This strategy would have worked out rather well had you viewed the market as overbought going into the referendum and oversold after this morning’s sell-off. Is the trading and investment situation of…
24 Jun Telegraph Mike van Dulken, of Accendo Markets, said: “Based on the banks having been the best performers over the last week (gains of up to 18pc) we expect the sector to be the worst performer by a considerable margin, given their implied Brexit sensitivity.” http://www.telegraph.co.uk/business/2016/06/24/barclays-plunges-26pc-as-40bn-wiped-off-the-value-of-british-ban/ CityWire Mike van Dulken, head of research at…
I know – it’s a bit late to be asking such a question, but around 10% of those who can vote still don’t know which way they will! I am one. And if I haven’t decided by tomorrow, then I know what I won’t do, and that’s waste a vote. What’s the only logical thing to…