Collinson FX Market Commentary - Apr 19 - Early election jumps UKP
by Collinson FX on 19 Apr 2017
Nacra 15 (NZL) - Aon Youth Worlds 2016, Torbay, Auckland, New Zealand, Day 4, December 19, 2016 Richard Gladwell
www.photosport.co.nz
Collinson FX Market Commentary - Apr 19 - Early election jumps UKP
Markets remained pre-occupied with Geo-Political events engulfing the globe. North Korea continues to threaten nuclear war while the Middle East remains mired in conflict. European markets were thrown a curve ball, when UK PM May called for an early election, while the pending French election has the prospect of upending the EU.
The snap election in the UK is seen as an opportunity to consolidate and validate the Tory Govenrment leading in to Brexit. This surprised markets and the GBP surged to 1.2835! US Housing Starts contracted 6.8%, although Building Permits expanded 3.6%, while earnings eroded the previous gains.
The reserve softened allowing, the NZD to consolidate above 0.7000, supported by dairy prices. The RBA minutes confirmed the challenges of economic transition and the continuation of soft Monetary policy, giving the AUD little momentum, trading around
click here and
here Or for the latest update
click here
Countries: | NZ: 0800 338 838 | AU: 1800 143 415 | NY: 1888 6257 833 | UK: 0800 0285 834 |
Disclaimer: The details expressed in this website and accompanying documents or transmissions are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Collinson Forex Ltd accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the information contained or related to this site
If you want to link to this article then please use this URL: www.sail-world.com/153135