SGM-FX veteran Graham exhausted with trying to explain Brexit to his clients over the past 3 years has asked me for 3 examples of things that had taken less time to accomplish (NB accomplish….!) and here they are:
Building the Titanic( 2 ¼ years)
Flying the 35 million miles from Earth to Mars ( 10 months)
Building the Eiffel Tower (2 years)
Crude oil increased in price to the high of the year at $62.58 on the back of power cuts in Venezuela affecting output, reduction in supply from Saudi Arabia and lower US production. News in that China and the US have resolved most issues in the way of a trade deal sent Asian stock markets higher. US Treasury bond yields rose to 2.5%. The USD weakened marginally against all currencies and the EUR index strengthened 0.2%. GBP weakened initially on further uncertainty and Theresa May agreeing to meet Jeremy Corbin to try and find a way through the impasse. The European response? A NoDeal Brexit is more likely than THAT making progress. Gold little changed at $1292.
Discussion and Analysis by Humphrey Percy, Chairman and Founder
Click Here to Subscribe to the SGM-FX Newsletter
Related Insights
Daily Brief – Delayed fuse
Charles Porter
Thu 30 Apr 2026
Delayed fuse Last night’s Federal Reserve decision held all the potential requirements for a momentous occasion. Markets had been ascribing a high value to the event with options pricing suggesting the decision posed a significant risk towards exposed assets. Ultimately, the potential swan song publication of Chair Jay Powell passed without incident. Claims from some […]
Daily Brief – Cancelled Travel Plans
Charles Porter
Thu 23 Apr 2026
Cancelled Travel Plans No, this time not because of the impending jet fuel crisis threatening continental travel as we discussed yesterday. Instead, I’m referring to the grounding of Vice President Vance whose trip to Islamabad, Pakistan was cancelled on Tuesday to avoid embarrassment. The Vice President was expected to travel on Tuesday to resume talks […]
Daily Brief – Sterling defence
Charles Porter
Tue 28 Apr 2026
Sterling defence Options markets are flashing warning signals for Sterling. It’s no secret that the forthcoming Bank of England monetary policy decision later this week poses a risk for the Pound. However, there are risks mounting further afield. The local elections on May 7th are a material risk for GBP, for example, with traders concerned the […]
