David Cameron

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And so it's begun......4 months of constant debate on whether or not the UK should stay or leave the EU. Even though the date has only been set now for less than a week, we have already seen a massive impact on the value of Sterling against all of it's major trading peers. There are very few opinions to suggest that this is not set to continue as the uncertainty builds towards the 23rd June 2016 day of destiny. This morning saw cable duck below the 1.39 handle, curr…

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On Tuesday indices in Europe and the US were weak after the long weekend, with the USD bid across the board, commodities were softer. During Wednesday morning’s session, the US dollar has pulled back from Tuesdays highs against the majors; EURUSD: 1.0920 GBPUSD: 1.5422 USDJPY: 123.00 The strong data from the US on Tuesday reminded traders that that the “data dependent rate hike” from the Fed, might not be as far off as had been expected. Openin…

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Sterling surged as the exit polls were released last night, will the unexpected forecast that the Conservative Party would gain an even larger share of seats. The opinion polls prior to the election had the Labour and Conservative Party tied, however the Tory’s support has come through at the ballot box. The number of seats required to have an outright majority is 326, the initial exit polls estimated 316, with the latest view being around the number for a clear majority. T…

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The latest statistical data from the UK has missed analysts’ expectations. The Markit/CIPS UK Construction PMI reading for April was 54.2 compared with 57.8 in March. The data follows the poor Manufacturing PMI for April and the weak Q1 preliminary GDP estimate. The Markit release highlighted that despite the slower rise in new orders, there was a robust pace of job creation, which has put further pressure on sub-contractor availability. The pressures on labour availability could…

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The UK is headed towards its closest general election in modern history, with voters going to the polls on Thursday 7 May 2015. The first past the post political system didn’t produce the expected majority government in 2010, with the same outcome expected next month. Parliament has been dissolved by the current PM, David Cameron, and the official campaigning period has begun. In reality the preparations for the election started 18 months ago, with the leaking of policies and pol…

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The official starting gun for the UK general election has begun, as the current Prime Minister David Cameron ceremonially visits the Queen to dissolve parliament. The coming UK election is likely to have no overall majority and is one of the closest modern elections. What does this mean for Sterling? The uncertainty of the electoral outcome is a risk to the UK’s currency. The two main parties (Conservative and Labour) will need to create a coalition to form a government but…

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As Thursday, the day of reckoning for Scotland and its possible split from the United Kingdom draws ever closer, the debate reaches fever pitch with political, economic, celebrity and even Royal personnel voicing their views in the hope of swaying public opinion. This week, alone, we have heard from several obscure sources, ranging from the likes of David Beckham, Billy Brag to even the Queen herself who accidentally went against her previous better judgement of keeping quiet on the subject…

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S&P says there is more than a 33% chance of Japan being downgraded from AA- Scottish independence: Treasury says currency pact case 'not clear' - BBC News The 100¥ print has been eyed for some time as with the dramatic weakening of the Yen, however the USDJPY cross lost momentum around 99.85 UK PM Cameron says he will look at implementing tax breaks for fuel efficient cars and will block any further rises in duty on petrol Japan's economy…

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The headlines were captured yesterday by the UK Prime Ministers David Cameron’s “Britain and Europe” speech. In well prepared dialogue, Cameron put forward a defining moment for the United Kingdom, how the country moves forward with the Eurozone. He explained that he will attempt to renegotiate powers from Brussels and will then hold an in/out referendum for the UK in Europe to appease the Tory Eurosceptics. Prior to his speech at Bloomberg HQ in London, sterling was weaken…

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