|Bid||31.45 x 39400|
|Ask||31.56 x 47300|
|Day's Range||31.54 - 31.77|
|52 Week Range||28.41 - 34.66|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||0.47%|
On Thursday, Juncker said a new Brexit deal could still be reached by the deadline, according to the BBC. The pound sterling should continue on an upward trend, said Marc-André Fongern, an FX and macro strategist at MAF Global Forex.
FOMC Decision Clouded By Repo Rate Spike The Federal Open Market Committee concludes its two-day meeting today with an announcement as 2:00pm EST regarding its rate target decision. The chances of a rate hike have been declining ever since the oil price spike at the beginning of the week, but fed funds futures are still […]The post Market Morning: Fed Decides In Wake Repo Rate Spike, Saudis Blame Iran, FedEx Falls appeared first on Market Exclusive.
U.K. Parliament has officially been suspended or “prorogued” until Oct. 14. The move has been met with protests from some MPs who were against the suspension. The decision comes after Prime Minister Boris ...
Mario Draghi Expected to Rage Against the Dying of the Euro This week will be European Central Bank President Mario Draghi’s last opportunity to print the Old World into prosperity. Monetary policy wonks are almost universally expecting him to push overnight lending rates in the Eurozone even further into negative territory, despite the fact that […]The post Market Morning: Draghi's Final Act, Brexit Saga Continues, Saudis Get New Energy Guy, China Buys Gold appeared first on Market Exclusive.
It's unclear what a "no-deal Brexit" will look like now, said, David Stubbs, chief client investment strategist at JPMorgan Private Bank, who shared his thoughts on the latest developments with CNBC.
With parliament successfully taking steps to avert a no-deal Brexit from the European Union, United Kingdom country-specific ETFs popped on renewed optimism. The iShares MSCI United Kingdom ETF (EWU) , the largest U.K.-related ETF listed in the U.S., was up 1.5% on Wednesday after retreating in the previous session amid growing anxiety over a snap election in Britain that would bring additional risks to a Brexit deal. Prime Minister Boris Johnson lost his working majority in parliament Tuesday, and lawmakers also pushed to prevent a no-deal Brexit.
U.K. Prime Minister Boris Johnson lost majority support in the House of Commons as he faced a showdown Tuesday with members of the Conservative Party. Earlier today, Conservative Party MP Phillip Lee defected to the Liberal Democrats. Lee took his seat on the opposition benches as Johnson addressed the House of Commons, which caused a huge stir.
"[The] sterling suffered a large sell-off this morning as traders suddenly got notice that Boris Johnson will not let Parliament get in the way of a no-deal Brexit," said Andy Scott, associate director at JCRA. "Today’s move by Johnson undermines Parliament’s chances and sets the U.K. on a hard Brexit course with arguably few prospects of avoiding such an outcome.
Britain’s new Prime Minister Boris Johnson is standing by his promise that the U.K. must leave the European Union by Oct. 31 — with or without a deal in place. Capital Economics' chief markets economist John Higgins said much has been made of sterling’s poor performance recently, and the fact that it is close to the weakest it has ever been in nominal trade-weighted terms. “This [sterling weakness] masks the fact that the currency’s valuation still does not look particularly low on any of the usual fundamental measures.
The majority of British voters chose to leave the European Union on June 23, 2016. The divorce before the United Kingdom and EU hasn't been finalized; what progress has been made in three years? What ...
Orange Hair Populism Crosses The Pond As Boris Johnson Wins Tory Race As expected, Boris Johnson, the long-time front runner in the race for the leadership of the United Kingdom’s Conservative Party, has now won that race officially. He is now the Tory leader, and slated to become the next Prime Minister of the UK, […]The post Market Morning: Boris Johnson Wins, Harris Moves to Decriminalize, Government Spending Explodes appeared first on Market Exclusive.
After a long Conservative Party leadership contest, former Foreign Minister Boris Johnson is the new leader and will officially become the next prime minister of the United Kingdom. The vote came after ...
Brexit Positions Clarified in British Debate So, now Tory voters know what they’re choosing between, in terms of what will actually affect their lives come October 31st other than political platitudes like “uniting the country.” In a debate yesterday between the two remaining Tory candidates to replace current Prime Minister Theresa May as leader of […]The post Market Morning: Powell Pushes Gold, Wozniak Warns on Facebook, Boeing Deliveries Fall appeared first on Market Exclusive.
The iShares MSCI United Kingdom ETF (NYSEArca: EWU), the largest U.K.-related exchange traded fund listed in the U.S., is up almost 14% year-to-date, but the benchmark U.K. fund could be tested this month ...
The race is on to select the next U.K. prime minister, with Jeremy Hunt going head-to-head with Boris Johnson for the role. Johnson remains the favorite in the race and has so far been backed by 160 Conservative ...
President Donald Trump said Tuesday the United States is committed to a “phenomenal trade deal” with the United Kingdom once it leaves the European Union and suggested the two countries could double or triple the trade between them. “That’s a lot of importance,” Trump said.
Prime Minister Theresa May will officially resign this month. Trump and May are not set to have formal one-to-one talks during his visit. Trump has encouraged the U.K. to walk away from any negotiations with the European Union if they are unable to secure a favorable Brexit deal.
The United Kingdom country-specific ETF strengthened Friday as the Brexit process came to a standstill and U.K. Prime Minister Theresa May stepped down in response. The iShares MSCI United Kingdom ETF (EWU) , the largest U.K.-related exchange traded fund listed in the U.S., was up 1.0% on Friday and bounced off its long-term support at the 200-day simple moving average. Theresa May stated she will quit as the British prime minister once her Conservative Party picked out a successor, potentially opening the way for a new leader to put up a no-deal departure from the European Union, the Wall Street Journal reports.
Reports emerging Wednesday from Westminster suggest that British Prime Minister Theresa May is set to resign, according to Sky News. Very senior MP tells me the word from the Cabinet corridor in the HoC is that the PM will resign tonight, Andrea Leadsom is poised to resign to launch a leadership bid, others may also resign & David Lidington will take over as acting PM. Unconfirmed! May faced calls to resign Wednesday amid a backlash against her Brexit plan from Conservative MPs.
Futures Bounce on Liu He Visit News of a visit to the United States by Chinese Vice Premier Liu He has caused a futures bounce in US and Chinese markets. He (the Liu one) will visit the US for trade talks in what may hopefully salvage collapsing negotiations after Trump threatened to jack up tariffs […]The post Market Morning: China Bounce, Water Stocks, Brexit Customs Union, CBD Goes Golfing appeared first on Market Exclusive.
April Manufacturing PMI Update: US, Canada, UK, China(Continued from Prior Part)China (FXI)Two PMI measures, the Caixin/Markit (INFO) PMI and the index released by the National Bureau of Statistics or NBS, showed slowing growth in China’s
Following news that European Union (EU) granted the U.K. a lengthy extension to finalize its divorce from the EU, EWU saw unusual options activity on Thursday. The U.K. now has until October 31 to finalize its departure from the EU, but some market observers believe that extended deadline is merely delaying the inevitable: the departure of Prime Minister Teresa May. Thursday's “bullish betting represents a change of pace for EWU options traders.
The enthusiasm to join the EU in the early 2000s contrasts current sentiment in Europe, where the United Kingdom has been crafting its exit strategy. Its eventual withdrawal will reduce the EU to 27 states and shrink the aggregate economy. Benzinga does not provide investment advice.