We are one week into the Football World Cup and I thought it might be interesting to assess the correlation, if any, between a nation’s stock market and macroeconomic picture to their form at the 2018 tournament and whether this could give us an indication of a possible winner. We will start by looking at
The FTSE 100 has slumped by 8.3% following the UK’s vote to leave the European Union in yesterday’s referendum, while government bond yields have fallen to record low levels. Markets will also now be digesting the news Prime Minister David Cameron has announced his resignation. He said this morning he hopes a new leader will
Sterling is down almost 10% against the euro in the past six months. Many people automatically assume this is because of fears over Brexit. However, there are probably other factors at play too. “People have been taking the slide of the pound as a reflection of Brexit without thinking of what’s going on in the
Sterling volatility has reached a six-year high as the EU referendum looms, while nearly all other volatility measures are also climbing, according to S&P Dow Jones Indices. The implied volatility of the CME/CBOE FX GBP Volatility index rose by a third compared to last month to 15.79, as the June referendum date came within the one
Unbelievably, another quarter has passed by and as the second half of 2015 rolls on, we ponder the low interest rate, low growth world we are living in. The three C’s, Central Banks, China and Commodities are all reacting to the challenges they face and behaving in interesting ways. The fiasco that was Greece appears
