SGM-FX insights

UK Markets and the practice of Setting Price Objectives   Concern that a hard exit from Europe might be worse than a soft exit hit GBP despite the release that the number in employment rose by 24,000 in the quarter to 31/10 taking the employed to 32.8 million and a rate of 76.2% which is […]

Markets   When the UK Election exit poll came out at 10pm ,there was a flurry of activity and the phones lit up across the room at SGM-FX headquarters. GBP rallied sharply across the board before drifting back in the hour or so afterwards. Since then, GBP has given up further ground but remains significantly […]

Rough in the Diamond   The day of Johnson and Corbyn’s reckoning is upon us. As the polls opened at 7AM this morning Sterling sat atop an 8-month high against the US Dollar having gained almost 1% in the final week of the general election campaign. However, as voters head to the polls today, the […]

What If: UK Equities Market post General Election   The main theme of your questions in the past two weeks has been what might happen in the Equity market after the election. So with four days until we get the result, we are going to have a go which is based on what the markets […]

GBP   Finishing the week at its best levels for some time with the market anticipating a clear Conservative majority. Fully priced for where we are with 6 days to the Election and 7 until we get the result.     Macron and Pension Reform   Not unreasonably President Macron is attempting to introduce economic […]

The bigger they are, the harder they fall   9/10. Today’s Britishism above isn’t half bad. Whether subject to a physical, empirical examination of the pure mass of an object and the Newtonian force with which it falls or a more normative evaluation of how a highly regarded truth or person loses their status, it […]

  For those of a delicate disposition: look away now!   The Daily Telegraph has polled a representative group of U.K. 16-24 year olds and has discovered: 28% have never heard of Stalin 50% have never heard of Lenin and 70% have never heard of Mao Tse Tung. With a General Election 22 days away […]

2 vs 3   The Pound this morning sits at 2 week highs versus the US Dollar and shows signs of returning to the 1.30 ceiling which it has established for itself lately. However, with little more than three weeks left until the General Election in the UK, the Pound will be vulnerable to political […]

Limewood Hotel, New Forest   News of the theft of 82 bottles of wine worth GBP67,000 last week. Presumably the insurance company will fork out for the replacement cost of these bottles at an average GBP 817 cost per bottle. Incidentally at a normal restaurant mark up of 3 times that equates to GBP 201,000 […]

Markets   Today’s close of business marks the half way mark for November and a plethora of news including the Fed Chairman stating that he does not expect a major setback in equity markets is giving all markets encouragement on the economic front. From a political perspective however it is a different story with markets […]

Piss up in a Parliament   Having sat in countless lectures by the people who quite literally wrote the book on tactical voting and collective action, I can assure you that academia doesn’t have the answers to voting outcomes especially under circumstances of manipulated voting. It’s not failings on their part, rather it’s the entropic […]

  It’s Official: The Market is now on an Election footing   Further acres of newsprint and a torrent of tv and social media comment in prospect the General Election on December 12 is the first since 1923 to take place just before Christmas. And……the currency market has not moved GBP at all on that […]