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European Union To Approve Aerodynamic Trucks
Friday, February 1, 2019 - 4:21pm | 401Read More...Aerodynamically designed trucks can reduce airborne emissions and improve efficiency. Therefore, the European Union (EU) Council is fast-tracking legislation that will allow for longer trucks on European roads. The Permanent Representatives Committee of the EU Council met on 30 January and agreed...
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GBP/USD Forecast: Time Is Running Out For Brexit And For The Narrowing Wedge
Friday, February 1, 2019 - 11:49am | 574Read More...GBP/USD is consolidating around 1.31 amid growing Brexit uncertainty. Tension towards the US NFP limits volatility which could erupt later on. The chart shows that cable is trading in a narrowing wedge. GBP/USD is trading around 1.3100, confined to a narrow range. Such limited movements are...
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Politicians Leave Freight High And Dry After Brexit Votes
Thursday, January 31, 2019 - 4:11pm | 1373Read More...Amendments to Prime Minister Theresa May's European Union (EU) withdrawal deal were meant to clarify the basis on which the United Kingdom (UK) would withdraw from the EU; however, the outcome has muddied the waters further. It has left cross-border traders with the task of learning how to...
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GBP/USD Forecast: Sterling Supported By Dovish Fed As Europe Opposes Brexit Re-Negotiation
Thursday, January 31, 2019 - 11:48am | 459Read More...The GBP/USD is trading back above 1.3100 level after dovish Fed saw US Dollar falling across the board. The European Union officials unanimously voiced reluctance to re-open the Brexit deal negotiations with the UK Prime Minister May. With 57 days before the UK leave the European Union, the clock...
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The British Gambit: How To Convince Your Opponent You Mean Suicide
Wednesday, January 30, 2019 - 11:56am | 622Read More...Prime Minister Theresa May has Parliament's approval to renegotiate the objectionable clauses of the exit treaty with the European Union. Now that she has been convinced by her own legislature that changes are necessary she has the greater task of convincing the EU that they are warranted....
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GBP/USD: Sterling In Corrective Mode As Chances Of Renegotiating Brexit Deal Remain Low
Wednesday, January 30, 2019 - 11:38am | 525Read More...The GBP/USD is trading little changed on the downside at around 1.3070 after the UK parliament voted for amendment appointing the government to re-negotiate the Brexit deal with the EU. Goldman Sachs analysts increased chances of a no-deal Brexit to 15% from 10% prior to UK parliament vote. The...
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British Parliament Votes For Brexit Paralysis
Tuesday, January 29, 2019 - 6:02pm | 507Read More...Members of Parliament (MPs) have backed an amendment that will see Prime Minister Theresa May return to the European Union (EU) and re-open negotiations for the withdrawal deal, a scenario which the EU has rejected on a number of occasions. Seven amendments were voted on today and the Government...
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Preparations For Brexit Vote In Full Flow
Tuesday, January 29, 2019 - 3:29pm | 701Read More...The Speaker of the House of Commons, John Bercow, has selected seven amendments to the Government's Brexit deal to be debated and voted on tonight in the British Parliament. Included in the seven chosen amendments are Labour's call for a permanent customs union, with a requirement to take a...
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Brexit Deal Amendments Set To Boost Sterling Further
Tuesday, January 29, 2019 - 12:02pm | 428Read More...The UK government of Theresa May will try to get the Brexit deal approved in House of Commons after crushing defeat two weeks ago. The coalition junior DUP party is reportedly supporting the Plan B for Brexit. The set of amendments the members of the parliament can ask for is wide, but the scope...
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Maneuvering In House Of Commons Ahead Of Tomorrow's Brexit Votes
Monday, January 28, 2019 - 7:17pm | 989Read More...British Prime Minister Theresa May has told Conservative Members of Parliament (MPs) to vote for an amendment to the Government's Brexit agreement that would remove the Irish Backstop altogether, following a meeting of the parliamentary party today. The move came after the deputy European Union...
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GBP/USD Forecast: Sterling Pulls Back From 15-Week High Targeting 50% Fibonacci Retracement At 1.3250
Monday, January 28, 2019 - 11:52am | 402Read More...The GBP/USD rose to 1.3214, the highest level since October 16 last year backed by rising hopes of avoiding hard Brexit scenario. The UK Prime Minister Theresa May privately the government members that the UK will avoid the hard Brexit. The European Commission has proposed arrangements on aviation...
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What Kind Of Brexit Is Priced Into GBP/USD?
Friday, January 25, 2019 - 12:15pm | 1518Read More...The United Kingdom is expected to leave the European Union next March 29th, but as of now, no Brexit deal has been reached and approved by the UK Parliament. Next Tuesday, January 29th, a Plan B presented by PM Theresa May is set for debate and vote. Prior to it, our staff of chief analysts...
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New UK Maritime Initiative Fails The Technology Acid Test
Thursday, January 24, 2019 - 3:56pm | 914Read More...Britain's Department for Transport today launched a bid to become what it calls "a pre-eminent global test bed of emerging technology," announcing investment in a technology hub and in the training of mariners. The launch of Maritime 2050 Navigating the Future took place at the...
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GBP/USD Forecast: Sterling Set To Consolidate After Runup On Brexit Delay Hopes
Thursday, January 24, 2019 - 12:17pm | 326Read More...The GBP/USD is trading on the downside sliding from near 1.3100 level after runup backed by market hoping for delay or no Brexit at all. The European Union’s Moscovici said the EU supported the idea of the second Brexit referendum saying it would be fully “legitimate”. ...
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Theresa May Continues To Seek Support For Her Brexit Deal In Parliament
Wednesday, January 23, 2019 - 12:48pm | 514Read More...Ahead of the next vote (on January 29th), British Prime Minister Theresa May is looking for modifications to the Irish backstop in order to gain enough support to get her Brexit deal through Parliament. But few Members of Parliament (MPs) were impressed by May's approach, saying that she was in...
