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…
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…
UK-listed Miners are on the back foot today (down 1.5% to 2.7%), failing to benefit from the dollar basket weakness that tends to usher commodities higher. This as GBP/USD continues to rally (a breakout beyond 10-month falling highs no less) with bookies suggesting a UK referendum Remain vote looking more and more likely come Friday…
UK financials and Property are outperforming this morning on the back of weekend Brexit polls showing a shift back in favour of Remain. This has resulted in a surge in buying interest for the pound sterling and a relief rally for battered financials (banks, insurance) and housebuilders as investors price in a lower probability of…
Next Friday it’ll be confirmed, the UK will have voted to remain or to leave the European Union. The market reaction will be immediate, aggressive, and likely for a period, sustained. In recent weeks the market has climbed on hopes of a ‘remain’ vote and declined on the potential of a ‘leave’ vote – the…