Tag Archive: David Cameron

FX Daily, July 14: Will BOE Ease on May Day?

2016-07-14

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2016-07-14

Theresa May
After a nearly three weeks of turmoil following the UK referendum, there is now a sense of order returning to UK politics. Two elements of the new government are particularly relevant. First, May demonstrates strategic prowess by putting those like Johnson and Davis, who campaigned for Brexit, to lead the negotiations with the EU, while putting Tories who favored remaining in the EU in the internal ministries.

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FX Daily, July 13: Sterling and Yen Momentum Slows

2016-07-13

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2016-07-13

The two main developments in the foreign exchange market this week in recent days has been the opposite of what has transpired over the past several weeks. Sterling moved higher quickly. The yen moved down just as fast. Over the past five sessions through late-morning levels, sterling has gained 2.5% while the yen has shed 2.8%.

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Caixin Monthly Column: Brexit

2016-07-11

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2016-07-11

(Here is the latest monthly column I write for Caixin.  It is on Brexit and I wrote it as an email to my mother.  Here is the link.  The text follows) To: Mother, Date: July 4, 2016, Glad to see you figured out how to access your email account. I smiled when I saw your note in my inbox. Thank you, though I am not sure that Thomas Watson felt the same way when Alexander Graham Bell called him.

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Cool Video: Whirlwind Discussion; UK, Politics and the Dollar

2016-07-11

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2016-07-11

Shortly before I was on Bloomberg TV today, Leadsom withdrew from the Tory leadership context, leaving May, who favored remaining the EU, as the likely successor of Cameron. Leadsom had been trailing May even before her controversial weekend comments.

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FX Daily, July 08: US Jobs Data, Little Policy Significance, Swiss Unemployment falls

2016-07-08

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2016-07-08

Positive job data in the United States are typically positive for both USD and EUR, because the odds of a rate hike are increasing. Consequently the EUR/CHF rose. In the last two days SNB interventions should have been smaller. The Swiss unemployment rate fell from 3.5% to 3.3%.

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Is Carney the Sole Adult in UK’s Political Morass?

2016-07-05

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2016-07-05

Sterling has fallen to $1.3050. Two real estate funds have suspended trading (liquidation). Constitutional crisis over who has authority to trigger Article 50 may have begun.

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FX Daily, June 30: Calm Continues, but Rot Below the Surface

2016-06-30

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2016-06-30

During the week the Swiss Franc lost momentum. It could regain speed only on June 30, after BoJ Carney's speech.

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How Exceptional are Conditions?

2016-06-28

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2016-06-28

If conditions are exceptional, isn't BOJ intervention more likely? If conditions are exceptional, the ban on European government supporting banks might not be valid. Italy is leading the charge in Europe.

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Quitting the Cucumber Affair

2016-06-27

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2016-06-27

  Winners and Quitters Vince Lombardi, the famous American football coach, once said, “Winners never quit and quitters never win.”  Maybe he meant that winners overcome obstacles to reach their goals while quitters give up and fall short… or somethin...

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Rule Britannia

2016-06-24

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2016-06-24

What a glorious day for Britain and anyone among you who continues to believe in the ideas of liberty, freedom, and sovereign democratic rule. Against all expectations, the leave camp somehow managed to push the referendum across the center line, with 51.9% of voters counted electing to leave the European Union.

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The EU and Turkey: Unvarnished Truth and Stuffing

2016-06-23

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2016-06-23

Turkey and the EU will begin negotiations over financial and budget reform. It is one of 35 areas (chapters) of negotiations. Turkey is no where close to joining the EU, for which it initially applied in 1987.

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British Discontent About The EU: Only A Precursor To Unrest On The Continent

2016-06-23

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2016-06-23

Britain leaves the EU and if the reaction to Brexit causes years of uncertainty, the EU will reap what it has sowed. British discontent is only a precursor to unrest on the Continent, where populists from across the political spectrum feel they have lost control over their fate, and are gaining popularity

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Towards Freedom: Will The UK Write History?

2016-06-22

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2016-06-22

Every freedom loving person on the planet has their eyes fixed on this referendum. A clear majority voting for Brexit and therefore for more decentralization, would show that the British realized they can break free from their self-imposed nonage, and reclaim individual liberty.

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JPMorgan CIO Crushes Cameron’s Scaremongery: Brexit “Hardly The Stuff Of Economic Calamity”

2016-06-16

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2016-06-16

First The Telegraph, then The Sun, and today The Spectator all came out on the "Leave" side of the Brexit debate. However, perhaps even more shocking to the establishment is the CIO of a major bank's asset management arm dismissing the apparent carna...

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Claudio Grass Talks to Godfrey Bloom

2016-06-15

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2016-06-15

  Introductory Remarks – About Godfrey Bloom [ed note by PT: Readers may recall our previous presentation of “Godfrey Bloom the Anti-Politician”, which inter alia contains a selection of videos of speeches he gave in the European parliament. Both eru...

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