But not on (a) high: This year has not ended with a traditional Santa Rally and the FTSE has ended the year down 12.12%. Looking on the bright side, a lot better than the Shanghai Composite which was the worst of the major stock markets with a 24.85% decline in 2018. Sterling has found a range for the past few weeks and awaits the next chapter in the unfolding political saga here in London. Putting that aside for the next week or so here’s hoping that Santa brings you all that you wish for!
From all of us here at SGM-FX a very Merry Christmas.
Today’s Global Market:
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – The only way is $
Charles Porter
Tue 17 Mar 2026
The only way is $ The Dollar has served as the first-choice safe haven currency during this latest bout of geopolitical risk. Safe havens need to exhibit lower levels of volatility during times of elevated risk and, on balance, exhibit a negative price correlation with perceived risk. As geopolitical risk was on the rise over […]
Daily Brief – Where’s the Beta
Charles Porter
Thu 12 Mar 2026
Where’s the Beta Amongst FX, there exist currencies known as ‘commodity currencies’. This isn’t a fixed basket of currencies, however, particular candidates spring to mind when the group are mentioned. The foremost amongst the G10 are the Canadian, Australian and New Zealand Dollars. These currencies are so-called because they typically exhibit a positive correlation with […]
Daily Brief – Forgiven
Charles Porter
Tue 10 Mar 2026
Forgiven Even with an equity correction underway at the start of yesterday’s session, it still appeared that the market was under-pricing the risk of a protracted conflict in the Middle East. FX and fixed income asset classes had reacted more severely with stronger defensive bids into currencies including the Dollar and Franc, but still the […]
