The numberof done this before, ive lost count of the number of times mark carney has suggested that this free money, that a lot of people feel they have been enjoying in the last ten years, is about to come to an end. We have heard the same from the European Central bank and the Federal Reserve of the United States as well. We note in the story that a number of organisations have responded for a quickly. The pound has rallied, Sterling Rose 12 to 1. 34, its highest level in 12 months, just because of this hawkish statement. Other observers are saying, yes, maybe we need to raise rates. But in the end, when you look at this story, ijust think its all about the bank of england probably flying this kite, not really intending to do this, itsjust this kite, not really intending to do this, its just about making people realise that sooner or later this has two went. Are you as sceptical, or do you think on november we will hear some news has to end. It will come very slowly, maybe 0. 5 , but
30 minutes away from the end of the monday session. A lot of markets are closed today. Germany, switzerland ireland, greece are among them. About 40 below the daily average at this time of the day. There you go. A lot of these other ones are currencies. Investors focusing on fridays jobs report. A number of other issues are on this. Mind, such as this is ftse 100 volatility versus euro stock volatility. The market here is being remarkably resilient in the move toward thursdays Election Campaign. We have had records for the ftse 100, the ftse 50. Equity estates have been rising. Most pages of stock turbulence have been falling. Volatility for the ftse relative to the euro stocks 50 jumping 60 last week 16 last week, reaching its twoyear high. There is implied volatility charts as we approach thursdays election. This is risk reversal day. The most bearish on the pound, according to one month risk reversal data. The premium for contracts to sell the currency is the dollar in one month ove
Themarket has discounted positives and of the negatives of trump toss collection. Trumps election. Vonnie looking forward to a lot of that coverage all day. In the u. S. We are about 30 minutes into the trading session. Sa next trading action abigail mixed trading action. The dow opened lower. The week is relatively young but the dow was on pace for its second weekly decline. A little bit of a bearish trend that as you can see both the s p 500 and the nasdaq are trading slightly higher fluctuating between small gains and losses. We are seeing a continuation of the lack of conviction that is marked trading action for u. S. Equities in recent days. When you take a look at some of the havens we have seen a haven been more recently. We have the 10 year yield trading higher marked in red telling us the safe haven bonds are selling off a bit. Yields rising helping the dollar index up. We do have the dollar against the yen rally. We have gold trading slightly lower if that stays that will bre
From the perspective of scotland, wales and Northern Ireland. Scotlands first minister, Nicola Sturgeon, has been keen to remind theresa may of all of her previous comments on the idea of an early election. All statements that theresa may must surely now be regretting. Well, the Prime Minister says she is not regretting that, she has taken the decision reluctantly, recently, and she says in the national interest. Here, though, is more of Nicola Sturgeons alternative analysis. The question of what kind of country we wa nt the question of what kind of country we want to be is at stake in this election campaign, and whether we wa nt election campaign, and whether we want that to be a country the future of which is steered and directed by a tory party moving ever more to the right, or whether we want the people of scotla nd right, or whether we want the people of scotland to be in charge. This is an opportunity to make scotlands voice heard and make sure we have mps from scotland who will
From the perspective of scotland, wales and Northern Ireland. Scotlands first minister, Nicola Sturgeon, has been keen to remind theresa may of all of her previous comments on the idea of an early election. All statements that theresa may must surely now be regretting. Well, the Prime Minister says she is not regretting that, she has taken the decision reluctantly, recently, and she says in the national interest. Here, though, is more of Nicola Sturgeons alternative analysis. The question of what kind of country we wa nt the question of what kind of country we want to be is at stake in this election campaign, and whether we wa nt election campaign, and whether we want that to be a country the future of which is steered and directed by a tory party moving ever more to the right, or whether we want the people of scotla nd right, or whether we want the people of scotland to be in charge. This is an opportunity to make scotlands voice heard and make sure we have mps from scotland who will