US Dollar with a view to GBP
One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office.
Looking to the nearer term, inflation is on the rise, rates need uplifting, there is a cost of living crisis — fireworks will dominate today. Looking towards the news, at the outset I expect the UK news to the upside and the US news to the downside. Asia has set the tone for the global session, and indeed those who have heard her beckon, shall undoubtedly be rewarded. Make no mistake. GBP’s attractiveness with the possibility of a rate rise due to inflation and all of its woes, coupled with a Prime Minister who will seek to stay in the driving seat for a while longer (May elex will be important) Plan B measures are set to be scrapped, and for now, the luster of the pound will endure.
Buyer beware, however, in the longer term, with the ousting of the PM, issues will again come to the foray such as brexit, the cost of living crisis and an eye watering NHS backlog.
Be smart, be careful, be profitable.
*this is my first contribution. I hope it helps. I hope I’m right. Right or wrong, I will continue to post my ideas and analysis of fundamental issues which will dominate the first two quarters of ‘22.
Conversation is welcome, discourse is key.
Thank you.
Looking to the nearer term, inflation is on the rise, rates need uplifting, there is a cost of living crisis — fireworks will dominate today. Looking towards the news, at the outset I expect the UK news to the upside and the US news to the downside. Asia has set the tone for the global session, and indeed those who have heard her beckon, shall undoubtedly be rewarded. Make no mistake. GBP’s attractiveness with the possibility of a rate rise due to inflation and all of its woes, coupled with a Prime Minister who will seek to stay in the driving seat for a while longer (May elex will be important) Plan B measures are set to be scrapped, and for now, the luster of the pound will endure.
Buyer beware, however, in the longer term, with the ousting of the PM, issues will again come to the foray such as brexit, the cost of living crisis and an eye watering NHS backlog.
Be smart, be careful, be profitable.
*this is my first contribution. I hope it helps. I hope I’m right. Right or wrong, I will continue to post my ideas and analysis of fundamental issues which will dominate the first two quarters of ‘22.
Conversation is welcome, discourse is key.
Thank you.
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