Markets Week Ahead: US Dollar, Euro, Bank of England, S&P 500, UK Pound, European Central Bank, Financial Market News, Stock Market Data, Federal Reserve Speculation, British Election, UK elections, and more. This is a weekly overview of what to expect in the markets this week.
Market commentary will be varied at this time of the year. The UK is holding an election and the UK is going to have a new leader of the House of Commons. The new Prime Minister is Theresa May, who is a former home secretary. The leader of the opposition in the House of Commons is Labour's Tom Watson.
The British election is about a lot more than just a change of government. There are four major parties in the race. The Conservative Party has been led by Theresa May for several years and has been in power since 1997. The British Labor Party has been in government since 2020 and is looking forward to a new era after the last one was voted out of office.
The Scottish National Party is on the ballot paper in Scotland but is not expecting to win there. The Liberal Democrats are now in government in the UK and are in coalition with the Conservative Party. The Green Party has also won a number of seats in local councils in the UK.
The main issue for voters in this election is the economy. The United Kingdom is still in recession and the United States is beginning to get back on their feet. However, the UK economy is not growing like it should, and many experts believe that it is a result of the recent global economic slowdown. In fact there are a number of economists out there who believe that the British economy is suffering from a large and prolonged recession.
One of the main issues in the upcoming election is whether or not Britain should remain a member of the European Union. If it is to stay in the EU the UK would have to renegotiate its membership, but even if it did leave the UK would lose a number of trade deals that could affect their ability to grow their economy.
The pound is one of the most volatile currencies on the market at the moment. It has lost around twenty percent of its value against the American dollar so far in the last few days. While it is still a good idea to buy sterling, traders have already moved onto other currencies and many are speculating as to whether or not they can gain a bit of a profit from this loss.
Stock market data is usually very quiet at this time of the year. It is also a great time for companies to release quarterly results which will show what they have done with their businesses.
Traders need to understand that stock market data will be affected by the political situation in the United States. The US will be holding its presidential election in 2020 and this could mean higher inflation and higher interest rates.
S&P and other major credit agencies are warning investors about the economic situation in Europe. They say that it is getting worse as the financial situation worsens.
Sterling is expected to break its six-month lows at some point during the week ahead, though it is still too early for many people to know what it could actually do. If it does fall in the pound could go as low as $1.40. At this point it is probably safe to say that the pound will not continue to appreciate in the near future.
The pound is currently worth around a quarter of a US cent, so anything below that value would mean that you should sell and buy. On the other hand it is also possible that the pound could fall to as low as around $1.15 - which would make it very difficult to buy, as many financial advisors will suggest.