by Ntombi Malatsi | Jun 4, 2017 | ECONOMIC NEWS
What is United Kingdom Elections?
British people are heading to the polls to elect their leader. The elections were initially scheduled for 2020, which means they are actually happening 3 years earlier. British Prime Minister, Theresa May vowed that she will never call for an early elections and she changed her mind and called for an early elections. On the 19th of April 2017, MPs approved Theresa May’s early elections proposal. For the elections to happen, 434 out of 535 MPs had to vote in favour. The outcome was shocking when 522 voted in favour against only 13 MPs who voted against. Clearly the majority saw the need for early elections. The official campaign began on the 3rd of May 2017.
When is it all happening?
On the 8th of June 2017. The polls will open at 7am to 10pm on the same day.
Who are the voters?
- British, Irish or commonwealth citizens
- Resident at an address in the UK
- 18 years of age or older
What will happen after the elections?
A government will be formed by any party which will get the majority of MPs.
Which parties are being looked at?
- Conservative party which is led by the British Prime Minister Theresa May
- Labour Party which is led by Jeremy Corbyn.
May added that she wants unity. She added that British people want certainty and strong leadership (which she believes she is the right candidate to lead). She also added that British people also need stability and a strong negotiator for Brexit negotiations. Read Conservative’s manifesto HERE. Amongst other things, Corbyn mentioned in his manifesto that he will invest more in NHS (National Health Services) and provide first class treatment. Read Labour Party’s manifesto HERE.
Why do we (traders) care?
The Pound has been driven by politics. From the Brexit last year to the Prime Minister triggering the article 50 to kick off the Brexit negotiations and now general elections. Elections in general, play a bigger part in the currency markets. The elections will have a direct impact on GBP. Thank you for stopping by. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132.
by Ntombi Malatsi | May 29, 2017 | ECONOMIC NEWS
Economic News To Watch This Week
by Ntombi Malatsi | May 21, 2017 | ECONOMIC NEWS
Economic News To Watch This Week
by Ntombi Malatsi | May 15, 2017 | ECONOMIC NEWS
Economic News To Watch This Week
Welcome back to the weekly economic news update. I hope you all had a wonderful and a great mothers day. Later today at 3pm NY time, British Prime Minister Theresa May is due to participate in Facebook’s Live Q&A hosted by ITV News, via satellite, do watch out for GBP pairs. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132. Below is our weekly economic calendar.
by Ntombi Malatsi | May 7, 2017 | ECONOMIC NEWS
Economic News To Watch This Week
Highlights from the previous week: The week opened with most banks closed in observance of Labor day. It was such a busy week in the markets in terms of economic news flow. New Zealand Employment Change rose to 1.2% from expected 0.8% while their Unemployment Rate decreased from expected 5.1% to 4.9%. UK Construction PMI rose to 53.1 from expected 52.1. U.S ADP Non-Farm Employment Change was slightly changed to 177k from expected 178k. UK Services PMI also rose from expected 54.6 to 55.8. Canada Unemployment Rate decreased by 0.2% from expected 6.7% reaching 6.5%. U.S Non-Farm Payrolls rose by 17K from expected 194K reaching 211K. Average Hourly Earnings which measures the price businesses pay for labor on an hourly basis held steady at 0.3%. U.S Unemployment rate decreased by o.4% from expected 4.6% to 4.4%. Despite all the positive prints on the U.S Dollar, the greenback did not move as expected. The markets seemed to be more focused on other things than Job numbers and Janet Yellen had her speech later in the day on Friday.
At the time of this publication, French people are on the polls deciding on their 25th presidential elections. Looking forward to a very interesting week, filled with trading opportunities. Will it be Macron or Le Pen? Only a few hours will tell. G7 meetings will take place on Friday. G7 meetings are all about Finance Ministers and Central Bankers talking to the reporters and later releasing a statement covering policy shifts and meeting objectives (more like a press conference) the whole day. G7 consists of the following industrialized nations: Canada, Italy, France, Germany, Japan, the UK, and the US. Extreme volatility is expected from both the comments and the statement.
Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132. Below is our weekly economic calendar.
by Ntombi Malatsi | Apr 30, 2017 | ECONOMIC NEWS
Economic news to watch ahead of French elections
Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132. Below is our weekly economic calendar.
Recent Comments