Forex Fundamental Analysis

The genesis of Brexit was the long-standing difference of opinion between the mainstream Conservative party MPs and their so-called “Eurosceptic” counterparts.

It goes without saying that nobody campaigning for the UK to leave the EU in the 2016 referendum ever spoke of the possibility of a cliff edge, no deal Brexit where the legal regime changes, literally, overnight.

Last week was a positive affair for the world’s major markets with all stock markets gaining.

There had been concerns that Germany, the biggest economy in the EU could head into a technical recession when Q4 2018 data became available.

As the UK stumbles forward towards a cliff edge exit from the EU, there was a chink of blue sky visible between the lowering storm clouds, just a chink, mid you.

The UK economy continues to grow, according to the Q4 GDP data, but the bad news is that it is growing at the slowest annual rate since 2012.

The latest set of Markit Purchasing Managers’ Index figures suggest that the dominant sector of the UK economy, services, is slowing down

Last week was a mixed positive affair for the world’s major markets with the FTSE and US markets gaining.

The British are certainly living in “interesting times” – one wonders what terrible act we must collectively have done to the Chinese to have bought such a terrible curse down upon our heads.

Initial readings of the number of new jobs created in the US economy last month have come in significantly above analysts’ projections.

In economic terms, a recession is defined as two (or more) successive financial quarters where a nation’s Gross Domestic Product (GDP) contracts.

In the aftermath of the UK’s decision to leave the EU, good economic news was in short supply.

Last week was another positive affair for the world’s major markets with the majors again making gains with the exception of the Dax.

In a move that will no doubt delight President Trump, the US Federal Reserve has indicated that it is calling a halt (for now at least) to its plans to normalise US interest rates towards their pre-Global Financial Crisis average value.

Yesterday saw parliament hold a series of debates and votes to amendments laid against Mrs May’s statement to the commons in the wake of the historic rejection of her EU withdrawal bill.