brexit

Teresa May called general elecitons

As Theresa May Bids for a Way to Sideline Conservative Brexiteers the Pound Jumps

On the day that British Prime Minister Theresa May called for a snap election, the pound was the highest performing currency in the world.  The announcement for the election was unexpected. May said over and over that she was not looking to make any big moves even though her party made a huge lead in all the polls. It appears, though, that the government feels there will be a big victory in the election that will strengthen the UKs negotiations in the Brexit movement.  According to May, the election has to take place before the European Union takes its own…


EU countries flags

5 Years Eurozone Growth And Brexit Issues

Published the other morning, Eurozone Growth showed the most impressive level in over five years according to the latest Market Composite Purchasing Manager’s Index. This is a reading that came in at 56.7 over the previous month at 56 and anything that is above 50 shows growth. Article 50 is coming soon and the timing of the data release is really highlighting all of the risk the UK is facing after officially announcing the withdrawal from the European Union. We are certainly opening ourselves up to about two years of negotiations with the 27 of the member states, which means…


Invoke Article 50 now demonstration

What impact will the invocation of Article 50 have on the Sterling?

Theresa May just stated that Article 50 is going to be activated on Wednesday, March 29, 2017. The belief amongst a lot of people is that the Sterling’s value will fall immediately after invocation. However, I do not believe that that’s true. The market generally moves on rumors and facts. In my opinion, the invocation of Article 50 has already been factored into the current levels. Since we already know that Article 50 is about to be triggered and we already have a date, then it won’t come as a shock when it happens. While the market reacts quite badly…