Sterling is the strongest currency today. The 1.3% gain (at $1.2460) edges out the Mexican peso (1.2%). It is the biggest advance in three months. The precise cause of the rally is debatable. Some link it to the High Court decision that the UK Parliament has the right to vote on Brexit before Article 50 …
The UK High Court ruled that Parliament has the right to vote on Brexit for Article 50 is triggered. Sterling had appreciated for four consecutive sessions coming into today. It was trading near $1.2350 in anticipation of the decision and rallied to $1.2450 before running out of steam shy of the post-flash crash high (~$1.2470). …
The separation of politics and economics is taken for granted by many, and that makes this current period so frustrating. Investors, perhaps like many voters, just want to get the US election over with already. And yet this is a democratic moment, for all its warts and frailties and flaws. What has unsettled …