GBPUSD: We have now retraced 38 per cent of last year’s decline..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.


GBPUSD SHORT TERM TRADER: Tiny long at 1.2870; stop below 1.3000. Target 1.3200.

GBPUSD POSITION TAKER: Long at 1.2860; stop below 1.2975. Target 1.3250.


Shared offices work Massive rise in value

In this morning’s City AM newspaper they report that, using data from real estate legal-eagle Boodle Hatfield, the value of property owned by Britain’s top ten shared office providers rose by 35 per cent to £13.6 billion last year. ‘’Shared workspaces have now gone beyond a cool place for media and tech start-ups – they are now a substantial part of the commercial property market’’, said partner Simon Williams

As part of Saudi Arabia’s Prince Mohammed Bin Salman’s Vision 2030 project to wean his country off oil dependency, this weekend it was announced that the nation was looking for $427 billion in inward investments. Oil minister Khalid al-Falih said the first tranche of infrastructure projects worth 70 billion riyals was ready to go. Possibly timed to coincide with this news, the Kingdom announced it had released Ethiopian billionaire Mohammed Hussein Al Amoudi who has spent 15 months in detention. He is the latest in a string of high-profile wealthy people who were arrested and held at the Riyadh Ritz- Carlton hotel in November 2017.

Financial Markets and Political Commentary


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