The clear risk must be for further downside, uncertainty equals currency weakness, we know this, and there is no sense that this (sterling) is a value trade right now and that you have to get back in. It is too early for anyone to start calling a bottom.

Neil Mellor

Categorized in : Company News

Sterling had that venture higher to $1.30 in late October and has... by Neil Mellor

Sterling had that venture higher to $1.30 in late October and has eased since then.

company-news

My concern is - and this is something possibly the market has thought about - that we've got preoccupied with the election but there is still a lot of uncertainty post-election.

company-news

Though the latest headlines are definitely not positive for global trade, risk appetite is broadly firm across the board as investors are of the view it might force the ECB and the Fed to take a cautious approach.

business

There is an initial impact and you do get these flights to safety... by Neil Mellor

There is an initial impact and you do get these flights to safety but it does wear off very quickly.

business

Uncertainty equals currency weakness, we know this, and there is no sense that this (sterling) is a value trade right now and that you have to get back in. It is too early for anyone to start calling a bottom.

company-news

The Chinese data was just slightly better and this is lending some confidence to investors, having said that, euro/dollar is still stuck within familiar ranges.

company-news

What has been fairly clear is that every time there's a chance of a deal the euro plummets, and every time there's disappointment coming along, it reverses course, the only interpretation you can place on that is that the market is looking to use the euro as a funding currency in a carry trade ... The prerequisite of a carry trade is relative stability, so if a Greek deal is on, you sell the euro.

top-news

If you look back, what you really find is that markets only tend to focus on these things in the last few weeks before the event, the stakes may be greater this time, but it would be a surprise if that were to change.

company-news

I try to take all the toing and froing with a pinch of salt, i'm inclined to believe they will make an agreement, maybe not on the day, and find money down the back of the sofa in the meantime.

world

I don't think its an exaggeration to say this week has been a gam... by Neil Mellor

I don't think its an exaggeration to say this week has been a game-changer.

company-news

I would expect the euro to be the big news story this week, there was the sense after the resolution of the Greek situation last week that the market was ready to sell the euro again and we have seen a grind higher since.

company-news

We always knew that the dollar's rise would send a shock through emerging markets, and we can see that is happening.

company-news

It may be that this is just a tremor in Russia and it may be isolated, but it is too early to say, we always knew that the dollar's rise would send a shock through emerging markets and we can see that is happening.

company-news

From the start of next week I think that there'll be a concerted... by Neil Mellor

From the start of next week I think that there'll be a concerted focus on 120 yen.

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