GBP/USD: Testing both trendlines with a sizeable doji yesterday. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle

 

GBP/USD SHORT TERM TRADER: Small long at 1.2925; stop below 1.2900. Target 1.3275.

GBP/USD POSITION TAKER: Will go long on a daily close above trend line resistance.

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Mind the (bonus) gap US vs UK bankers

In a report compiled by Magic Circle law firm Linklaters the bonus pool for British bankers has shrunk over the last 3 years and now stands exactly where it was in 2008 at £15 billion. In the US, it has grown from $17.6 billion to $31.4 billion over the same period. Employment partner Alexandra Beidas added, ‘’you have a scenario where the EU went full steam ahead [implementing financial stability board regulations], the UK gold-plated the rules, parts of Asia just brought in guidelines and the US is still sitting on draft versions’’.

City AM reports that shares in Goldman Sachs fell for a 10th consecutive day yesterday, the first time this has happened since the firm was floated. Allegedly it is over concerns about investment banking deal flow.

Financial Markets and Political Commentary

 

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