Wed 6th May 15, 19:36:15
The past is not always a good guide to the future, but historical comparisons have their uses if correctly interpreted - no mean feat. With that in mind, Kathleen Brooks, Research Director at Forex.com, looked back at how sterling behaved versus the US dollar back in 2010. In the month prior to the elections on 6 May it weakened by roughly 600 pips to 1.47 and then dropped below 1.45 on the day following the outcome -as the reality of a hung parliament hit home. By the time of the coalition announcement it was back at 1.50, a mark it touched briefly. It then weakened to 1.4231 by 20 May yet recovered to 1.56 by 31 December of that year. This time around sterling has strengthened in the run-up to the electoral contest, so a sell-off in the pound could be sharper.
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US stock closed lower on Wednesday, extending declines from the previous session amid Federal Reserve Chairwoman Janet Yellen's comments that stock values are high. 12 hours ago
With election day just around the corner, RBC Capital Markets has given a rough guide on what to expect after voting closes across the UK at 22:00 BST. 13 hours ago
Farage has said that UKIP will be more supportive to a change in the voting system if it wins few seats despite receiving an estimated 4m votes. 13 hours ago
Metals, mobile telecommunications and big tobacco stocks were among the few sectors to trade higher in pre-election trading on the London Stock Exchange on Wednesday. 19 hours ago
The UK general election kicks off on Thursday in what is expected to be the biggest period of uncertainty since the 1920s with the possibility of back-to-back hung parliaments. 13 hours ago
Prime Minister David Cameron has dismissed polls pointing to a hung parliament and insisted that with one day to go, the Conservative party can still win a majority and ensure a "strong, stable government that continues with a long-term economic plan that is working". 14 hours ago
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Let us assume that someone can guarantee that you will make lots of money by the end of the year. Enough money so that you can finally afford that yellow Lamborghini or that brand new flat with the sea view.
That someone could guarantee you that you would make this money, however you would probably lose 70% of your trades. Would you be ok with that? I guess you would, why should you actually care? It’s the end result that matters; in the end.
What’s the most hated stock market in the world and who is one of the most hated (still living) leaders? Well in my humble opinion it has to be the Russian stock market and President Vladimir Putin. Every time you switch on the news (except pro-Russian television channel RT) it is bad news about Russia.
It’s all about how Putin has upset someone; the US adds another economy sanction, how lower oil prices are crippling the country and the general view is that Russia is back to the 1980s and everyone is living on potatoes and home brewed Vodka!
The euro versus the Canadian dollar has formed what appears to be what is known in technical analysis as a 'rising wedge' pattern or an ascending triangle.
What is important about this formation is that it shows a consolidation area where the lows of the chart's candles are higher than the previous ones, causing the lower trend line of the formation to be slanted to the upside.
Two years ago you could buy shares in Greggs (GRG) for 400p. At that price they had a dividend yield of 4.9% from a company with a long and consistent record of paying and growing a well-covered dividend. Fast forward to today and those same shares now cost just under 1,200p, or almost three times as much.
So does that mean Greggs is now overpriced, or can it repeat those 100% a year gains for a few more years?
Bitcoin and the general concept of crypto currencies are one of the hottest topics in finance right now. The battle surrounding this subject is fierce and ideological, involving powerful forces and is far from over. But with Bitcoin prices likely to continue its rollercoaster ride, there is no need for traders to have a personal opinion in either direction to profit from one of the world’s most volatile underlying’s.