Now we all know that the Big Mac index, which was invented 1986 by The Economist, is a very simplified and blunt way of evaluating Purchasing Power Parity. Nevertheless, it is an easy to use method of putting current rates quickly into perspective. It is certainly lacking a lot of other important facts as it doesn’t adjust local labour or transport costs, local preferences, rent […]
Another hit for Prime Minister Johnson by the supreme court suggests dead end again in the United Kingdom. The only logical way out for non-UK observers seems to be new general elections and possibly a new referendum. It is not that easy though. Whatever the outcome might be needs more time certainly beyond October 31st. But will elections or new referendum really bring more clarity? […]
The price fluctuation in the major currency pairs seems to be non-existent which makes the life of trend followers extremely difficult. The bandwidth keeps on holding and holding ….. until it suddenly breaks. Geopolitical topics, Brexit, trade wars and low interest rate environment seem to have only very short-term and limited impacts and are obviously not triggering any significant moves. In times like that and […]
Der Brexit ist weiterhin eine unbekannte Grösse, spezifisch im Hinblick auf die GBP-Crosses. Wir gehen davon aus, dass es weiterhin erratische Kursausschläge im Sterling gibt. Diese Situation erwarten wir unverändert bis die endgültige Brexit-Lösung juristisch tragfähig vorliegt.