SGM-FX insights
Our Daily Brief provides insights into the news and views driving today’s foreign currency exchange rates.
Morning Brief – EUR
EUR European Central Bank President Madame Lagarde made two bold statements last week: the ECB does not target exchange rates and the ECB is not dependent on Federal Reserve policy. While at one level both are sometimes true, it is brave to explicitly make those statements at a ECB press conference and more than risks […]
Morning Brief – European Central Bank
Humphrey Percy
Fri 12 Apr 2024
European Central Bank Something for everybody: the ECB as expected left interest rates unchanged but made it clear that cuts will be forthcoming now that inflation is near the target 2% rate. Brushed over is that with growth at near zero, bank lending moribund and the EU economy flat, something has to give.EUR/USD 1.0720 Japanese […]
Morning Brief – France
Humphrey Percy
Wed 10 Apr 2024
France Quite simply the numbers do not add up for President Macron and his future in government, never mind La Belle France and its citizens : France is the third most indebted EU country after Greece and Italy with a debt to GDP ratio of 110.6%. In the past year the deficit has increased by […]
Morning Brief – Space Solar
Humphrey Percy
Mon 8 Apr 2024
Space Solar UK Oxfordshire based company Space Solar is on the way to creating a solar farm that will generate constant and cheap electricity….in space. The plan is to launch a 2000 tonne solar farm into space and then with a complicated system of mirrors and solar panels beam light back to Planet Earth from […]
Morning Brief – Oil
Humphrey Percy
Wed 3 Apr 2024
Oil As we have been pointing to, oil has been edging up and is now on a 7 month high. Not it should be stressed on a rosey economic picture but rather on increasing tensions in the Middle East-the latest being the Israeli strike on the Iranian embassy in Damascus.Brent: USD 88.70 Sunny Spain The […]
Morning Brief – EU Border Controls
Humphrey Percy
Wed 27 Mar 2024
EU Border Controls 26,000 respondents in 18 jurisdictions have spoken and 51% of them are dissatisfied with border controls and the level of immigration into the EU. Now that is a statistic that political parties across the EU should sit up and take notice of in the next two months in the lead up to […]
