From Dana Lyons: More major global equity indices have joined the ranks of those testing key bull market trendlines.
From BlackRock: Richard Turnill explains why investors in UK assets should expect a bumpy ride as UK-EU Brexit negotiations unfold.
From BlackRock: The new Brexit transition deal removes some uncertainty, but does it offer relief for UK stocks? Richard Turnill provides our take.
From Zacks: The Office for National Statistics lowered UK’s GDP growth estimate for Q4 2017 in its second estimate, bringing 2017 GDP growth to a 5-year low. Low spending weighed on GDP growth, as UK prepares to leave the EU with growth lagging major developed economies.
From Tyler Durden: During his trip to London this week, US Commerce Secretary, Wilbur Ross, wasn’t only defending revelations in the Paradise Papers that he’d invested in a shipping company with ties to the Putin family.
From BlackRock: We see Brexit-related challenges ahead for the UK, leaving us cautious on most UK assets. Richard Turnill explains.
From Tyler Durden: This morning, BoE Governor Mark Carney discussed the risks of a hard Brexit during his testimony to the UK Parliamentary Treasury Committee. There was renewed weakness in Sterling during his testimony.
From Invesco: Last week, the Bank of England (BOE) opted to keep its key short-term bank lending rate unchanged at 0.25% by a vote of 6-2.
From BlackRock: One year on from the Brexit referendum, Isabelle Mateos y Lago explains why the Bank of England is facing a different problem than other major developed market central banks.
One year ago, British voters cast their ballots in favor of leaving the 28-member European Union, defying multiple opinion polls leading up to the Brexit referendum that said the “remain” camp would notch a narrow victory.
From Invesco: One year after the Brexit referendum and two years after the Scottish independence referendum, UK voters have surprised the country and the markets once again, with a dramatically different election outcome than suggested by almost every poll: Instead of an enlarged Conservative Party majority, which Prime Minister (PM) Theresa May wanted to see, […]
From Franklin Templeton Investments: In the sort of unexpected twist that observers have come to expect from elections recently, UK voters have dealt a bitter blow to Prime Minister Theresa May, robbing her of her narrow parliamentary majority.
From Chris Kimble: Below looks at the FTSE 100 index from London, over the past 30-years. The long-term trend in this important index from Europe remains up, as it has created a series of highs lower and higher highs, since the 2009 lows.
From Dana Lyons: The UK’s FTSE-100 dropped to once again test the level of last year’s breakout to all-time high.
From Tyler Durden: In a stunning development, Theresa May announced she would seek an early general election for Britain on June 8 to obtain a direct mandate to take the country through the Brexit divorce with the EU. The decision, which comes just three weeks after the prime minister began the formal Brexit process, has […]