Forex Fundamental Analysis

Boris Johnson has lost his first vote in the commons as PM.

Johnson is threatening members of his own party with removal of the whip if they vote against the government in today’s crucial proceedings.

Sterling has ended its mini rally, falling against the Dollar, but still gaining on the Euro as fever sweeps through the UK political classes.

It seems that the ploy of Matteo Salvini of the League (formerly the Northern League) to force a general election by bringing about the demise of the coalition between his party and the Five Star Movement has come to nothing.

Not a great deal is certain about Brexit, but one thing is currently fixed: unless the UK asks for and is granted an extension to its A50 notice period or unilaterally revokes it

Boris Johnson has repeatedly said that the UK will leave the EU at the end of October with or without a deal “do or die”, come what may.

Sterling has continued its mini rally against the other major currencies.

Boris Johnson was going to go “the extra thousand miles” to get a deal with the EU.

Italy is facing yet another political crisis after its Prime Minister, Giuseppe Conte, resigned.

The Federal Reserve is supposed to be apolitical and to act to maintain price stability, high employment and modest economic growth. Under the Trump administration, that political independence is being placed under strain.

Sterling has staged a mini rally against the other major currencies. There is no fundamental reason for this other than the increasing political (opposition) talk of finding ways to prevent a “no deal” Brexit.

Brexit has been described by some commentators as a “right wing coup”.

Brexit, if it happens, is the start of a process and not the end of the story.

The German economy is the fourth largest in the world behind the US, Chinese and Japanese economies.

According to figures released by the Organisation for National Statistics (ONS), the UK economy contracted in the second quarter of 2019 by 0.2%.