May stickers to her guns, Pound rallies

Hi everyone,


Finally we saw Theresa May deliver a good, compelling speech and the markets responded positively. As mentioned in my report Monday, the last two years have seen May deliver poor speeches that subsequently hurt the £.

Whilst her entrance was fun (hard to watch), the speech was serious and error-free. There was clear guidance that she will push her Brexit plan across the line and there will no general election. Therefore alleviating uncertainty in these areas and boosting the Pound.

The next key date to note on negotiations is October 17th when EU leaders meet for a Brexit review over dinner. Italy's debt crises came into the fold this week, but the Italian government quickly stabilised the situation announcing to reign in it's deficit ambitions.This will be one to watch next year.

The US Dollar is once again outperforming its rivals thanks to rising treasury yields and probable upcoming rate hikes. 



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