United Kingdom 03 (Nov 17 to Dec 24)

United Kingdom 03 (Nov 17 to Dec 24)

Postby winston » Thu Nov 03, 2016 11:04 am

Crispin Odey Sees 80% Crash In UK Stocks With Recession, Inflation “Inevitable”

By Tyler Durden

The FTSE 100 share index is now up 30% over five years, whilst earnings have fallen by 80%.

On an earnings yield of 1.6%, the stock market could fall by 80% and, provided profits did not fall, would be on a 13x P/E multiple.


What the UK is promising is rising wages, recession, inflation and falling profits.


Source: Zero Hedge

http://www.thetradingreport.com/2016/11 ... nevitable/
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Wed Nov 23, 2016 2:08 pm

European Parliament Negotiator: Brexit Talks Can Only Last for up to 15 Mths

European Parliament's negotiator Guy Verhofstadt said he agreeed with David Davis, Britain's minister in charge of leaving the EU, that Brexit should be completed before the 2019 election of European Parliament, and that the British Parliament needs time to approve the Brexit agreement, so the actual negotiation time is only 14 to 15 months, Reuters reported.

Source: AAStocks Financial News
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Sat Nov 26, 2016 12:49 pm

Britain's budget statement this week that unveiled a $29 billion fund for infrastructure projects.

Source: Reuters
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Sat Dec 24, 2016 12:06 pm

The FTSE 100's p/e ratio is 33, the historical average is 15. So are shares hugely overvalued?
http://www.telegraph.co.uk/investing/sh ... vervalued/
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Thu Dec 29, 2016 3:39 pm

Santa Rally sends FTSE 100 to new record high
http://www.bbc.com/news/business-38449901
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby behappyalways » Sat Jan 14, 2017 10:31 pm

London stock market on longest winning streak in history
http://money.cnn.com/2017/01/13/investi ... index.html
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Wed Jan 25, 2017 7:22 am

The currency market continued to be affected by Donald Trump while Sterling maintained a high intraday volatility yesterday when the UK Supreme Court ruled that Prime Minister Theresa May must get parliamentary approval to trigger Brexit.

But as the opposition Labour Party would not frustrate the process of triggering Article 50 (the legal process for leaving the European Union) and Scottish and Northern Irish assemblies do not need to give assent, the process of Britain leaving the European Union by the end of March is unlikely to be hindered or slowed.

In other words, Britain will still leave the bloc.

Source: Dr Check, The Standard
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Thu Jan 26, 2017 6:17 pm

No Brexit shock to U.K. economy... yet

by Ivana Kottasova

Retail spending fell slightly in December -- typically a strong month for sales -- investments have been put on hold because of uncertainty over Britain's relationship with the European Union after Brexit, and some big banks have said they will start moving thousands of jobs away from London.


The pound is still 15% down against the dollar compared to the EU referendum day in June.


May is meeting President Trump at the White House on Friday, hoping to start discussions about a future trade deal between the two countries.

Trump said he would put the U.K. at the front of the queue for a trade deal, but experts warn an agreement is far from certain, and will take years to achieve.


Source: CNN Money

http://money.cnn.com/2017/01/26/news/ec ... plead-intl
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Sun Feb 05, 2017 9:11 pm

Update on Brexit

Besides the election of President Trump, the Brexit referendum was perhaps the most surprising economic and political event of 2016.

The idea of Britain leaving the European Union brought into question the stability of the economic region, and investors and analysts started to question the future of the European Union.

Doomsday economic scenarios followed, with many predicting recession for the region and major market fallout.

Stocks were volatile following the news, but prices recovered within a few days and UK stocks rallied swiftly in the weeks following the vote.

For as much attention as Brexit received, it was a non-starter for having equity market impact.

Source: Zack's
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Re: United Kingdom 02 (Jan 12 to Dec 16)

Postby winston » Fri Feb 10, 2017 7:06 am

Article 50: March 7 Deadline

In Britain, a bill was approved facilitating Britain's exit from the European Union. It needs to be passed by the upper chamber before it becomes law.

The government wants to complete the legislative process by March 7.

The pound rose after the news though it looks unlikely it will go beyond 1.27 against the US dollar.

Source: Dr Check, The Standard
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