GBP/USD” “momentum is more bullish than it has been in 5 years we feel further short-covering rallies are likely next month too.” Chart from Analyst, Nicole Elliott – Investors Chronicle.

 

SHORT TERM TRADER: New small long at 1.4125; stop well below 1.4000. Target 1.4440.

POSITION TAKER: Long at 1.3730; stop below 1.4000. Holding out for my second target around 1.4600.

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Czechs get Eurosceptic President Second term for Zeman

Milos Zeman, 73, an ally of President Putin, brings support to Czech billionaire Prime Minister Andrej Babis. He believes his countrymen should be given the choice of whether to stay in the European Union and that Muslim immigrants might bring terrorism to the nation. Though the post is largely ceremonial some believe he could have a very strong influence over the new cabinet that will be formed.

Yesterday Finland’s Sauli Niinsto was re-elected as President of his country for a second consecutive term. Voter turnout was 66.7 per cent of which he picked up 62.7 per cent of the votes. ‘’Finland is a great country – it’s the most stable in the world. Better to be small and stable than large and fractured’’ he said.

Financial & Political Commentary

 

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