Message to short positions. What has been priced in to current GBP levels? On a TWI basis the GBP is 15% below the long term average and about 25 to 30% below the levle for this stage of the business cycle. Also short term interest rates are already ...

UK government could bypass parliament to revoke Article 50

Thanks for the Chart, Bones. The Vote will look nothing like this.

UK Parl’t Votes That Govt Is In Contempt Over Brexit Legal Advice - Orders It To Publish...

What a breath of fresh air Theresa May is in focussing on the important issues and carrying our the will of the people according to the referendum. Leave or Remain? We choose Leave as a nation not "Leave with a good plan", not "Show us a good plan ...

UK government may have been in contempt of Parliament by not publishing Brexit legal advice,...

Not much has changed has it? The big background this year has been a shift away from cautious optimisim across a spectrum towards heightened risks of slowdown/recession across a spectrum - from Paris to Beijing, Philadelphia to Moscow, Sydney to New ...

Investors Expect a Big Monday for Currencies and Stocks

Time to re-visit the temple.

Israeli police recommend indicting Netanyahu on bribery and fraud charges

Not sure what happened here. I don't recall being particularly offensive Please enlighten.

Trade deal possible at G20 but Chinese paper says U.S. must be 'fair minded'

Chances of YES vote seem to be much higher than 'experts' believe - for one, the media and quoted commentators have a vested interest in the NO vote perception. May needs 320 votes according to the arithmetic which excludes speakers and deputy ...

Michael Gove: 'I'm supporting the prime minister'

As for the vote in the House of Commons it is directly about accepting May's proposals or not - proposals which have already been accepted by the EU countries unanimously. So only two options - either leave in this manner, or do not leave in this ...

Another UK minister quits in protest at PM May's Brexit deal

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Trade deal possible at G20 but Chinese paper says U.S. must be 'fair minded'

MPs will vote for May's deal which is the logical consequence of voting to Leave 2.5 years ago. She has stuck to the relevant vote outcome while others have been pushing their own agendas at the expense of an orderly Brexit. There is a huge voter ...

UK PM May: There Are MPs That Do Not Want UK To Leave EU; But As Far I Am Concerned UK Will...

Yes I assume that many households now have economic models which show clearly that sticking with a protectionist union instead of embracing free trade as a large and powerful democracy adds up to a much better proposition now than 2.5 years ago. 56% ...

UK PM May: There Are MPs That Do Not Want UK To Leave EU; But As Far I Am Concerned UK Will...

Such projections need strong assumptions across a wide range of factors including the benefits of intangibles such as immigration controls, border and legal controls, and freedom to trade and make new agreements. So the value of the output is very ...

Carney's pessimistic Brexit prophecies look like last roll of dice

Powell close to neutral? Eh. He said he did not know where neutral was, but its now close. I think he is in the dark being harrassed by a powerful ally. More US tariffs. More ignorance of economic arguments and how markets work (or don't work). This ...

Brexit fears, more US tariffs & Powell close to neutral

Sounds like a bet to avoid. USA has caused global problems: slowing down the world and US economy. The last thing the Japanese want is another failed attempt at reflation and that is just what it is facing for the umpteenth time. But the main point ...

Wall Street's FX Gurus Agree on One Thing: Yen Strength Is Ahead

On the same day Trump said he was in favour of removing subsidies favouring a US automaker and saying he was strongly against any subsidies, or tariffs, or quotas.

Euro, AUD/USD, NZD/USD at Risk From Trump Automobile Tariff

Oh. I was so excited hoping it was because international trade is such a powerful driving force of economic growth - at least according to Laurence Kudlow at the White House.

There’s one big reason to expect a US-China trade breakthrough

These are the same sort of reports issued before the referendum- remember? These implications were taken into account in the lead up to the vote 2.5 years ago! The sooner UK leaves this time warp the better. Sane but poorer is a lot more attractive ...

Carney's pessimistic Brexit prophecies look like last roll of dice

Communication alert - Commons Vote against PM's deal does not mean No deal but greater risk of No deal. Do we all assume the worst when we hear the voting outcome? Outcome - Yes. Buy GBP Outcome - No. Sell GBP So far so good. Now what are your ...

UK Fin Min Hammond: If Renege On Brexit Vote We Would Leave Britain Fractured – Sky

What is your analysis?

UK Fin Min Hammond: If Renege On Brexit Vote We Would Leave Britain Fractured – Sky

PM's deal is about to win by default. No deal nobody wants. Renegotiate is passed use by date. Second referendum is tosh. SNP wants Scottish independence so should be ignored. DUP has much more to lose than gain by voting down. Tories approved the ...

UK Gvt: No Deal Brexit Would Mean Econ Is 7.7Pct Smaller In 15 Years