Kathleen Brooks - GAIN Capital


Last quote by Kathleen Brooks

While the hung parliament result was a shock, the market reaction has also been somewhat puzzling. GBP/USD initially dropped 200 points on the result from 1.2950 to 1.2750, however, as the results have rolled in and confirmed the exit poll result, the pound has remained relatively stable, suggesting that the prospect of a hung parliament and a second vote is not triggering market panic.feedback
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Jun 09 2017 Brexit
Kathleen Brooks has been quoted 34 times. The one recent article where Kathleen Brooks has been quoted is Sterling plummets on exit poll prediction of hung parliament. Most recently, Kathleen Brooks was quoted as having said, “At this stage, the uncertainty is likely to keep pressure on the pound tonight, which has fallen to the base of its recent range. In GBP/USD 1.2530 – the low before the election was called – is a key support level. Right now, the market is not in panic mode, but it is shell shocked by this result.”.
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Kathleen Brooks quotes

May 15 2017 - Oil

This suggests that the Fed may normalise interest rates even if the economic data goes through a rough patch. It also suggests that the prospect of rate hikes to bring interest rates back to a normal level may not lead to a surge in the buck.feedback

Apr 25 2017 - French election 2017

Equity markets are putting a lot of faith into Macron. He first has to win the second round of the French presidential election and get the keys to the Élysée Palace, but then his newly formed party has to do well in the national assembly elections in June.feedback

Apr 12 2017 - North Korea

Sterling/yen spiked on the labour market data but is now backing off highs...suggesting that the pound could be vulnerable if markets go into full-blown panic mode over Russia/ U.S. and North Korea fears.feedback

Apr 12 2017

I think the boost in the pound wasn't just because of the labour market data...but there's also been a reduction in risk-aversion (in Europe).feedback

Feb 14 2017 - Federal Reserve

The euro is being propped up by real weakness in the pound which is allowing it to maintain its gains against the U.S. dollar. While the weaker pound is helping to lift the euro, we also saw weak data out of the euro zone today which might show that the European recovery story has hit the skids.feedback

Jan 24 2017

The 'good' news about greater Parliamentary scrutiny of the Brexit process had already been priced in. Thus, profit taking was to be expected at this stage.feedback

Jan 17 2017

But, even this concession cannot hide the fact that the U.K. wants the best parts of the EU, with a cherry on the top, which could make the next two years extremely tense. So, the pound is not out of the woods yet.feedback

Dec 07 2016

If the Fed believes that President-elect Trump?s fiscal largesse warrants a faster pace of rate increases than is currently being priced in, then the market will rush to price in higher yields, which will boost the dollar and weigh on currencies like the euro.feedback

Dec 07 2016

While we still think that the dollar could bounce further, especially in 2017, euro/dollar's short-term direction will ultimately depend on what the Fed has to say about the future direction of U.S. interest rates at its meeting next week.feedback

Dec 06 2016

We think that any government or the Italian government, likewise the European authorities will be absolutely mad to let the Italian banks go to the wall just because the hell it could unleash on the European banking sector.feedback

Nov 09 2016

Perhaps Trump's conciliatory tone in his victory speech has eased concerns, or perhaps markets have no idea how to price in his victory as we have no precedent. Either way, a mere 24 hours ago no one would have predicted such a calm market reaction.feedback

Nov 09 2016

A win for Trump is riling financial markets that had not expected this outcome a mere 12 hours ago.feedback

Nov 07 2016

It's fairly pointless looking beyond Tuesday at this stage. Everything else, until Wednesday, is playing second fiddle.feedback

Nov 07 2016

If Clinton wins we could see a continued recovery in risky assets like stocks and the Mexican peso. There could be another sell-off in gold and U.S. Treasuries, pushing up bond yields, which could also be dollar-positive.feedback

Nov 03 2016

This decision has increased the uncertainty around the UK's decision to leave the EU ... The FTSE 100 is lower, but this is largely a result of global equity weakness and the FTSE's inverse correlation with the pound. For the UK, uncertainty is good, because the market has convinced itself that Brexit is bad news for the UK's future economic prospects.feedback

Nov 01 2016

An extra year is good, however the uncertainty caused by Brexit makes it very difficult to anticipate the health of the UK economy in three years' time. Even after today's announcement, Carney may still leave the Bank of England at a delicate time for the UK economy.feedback

Oct 19 2016

It gives the markets a glimmer of hope that the UK may not target a 'hard' Brexit.feedback

Oct 03 2016

If no deal (is) forthcoming then we would expect further selling pressure on Deutsche shares, which could eventually force the German authorities to step in and save its biggest bank.feedback

Jun 20 2016

The pause in the campaign seems to have lent crucial support to team 'remain,' with only four days to go until the vote. The markets have always been more comfortable with the U.K. remaining in the European Union.feedback

Jun 20 2016 - Federal Reserve

With the EU referendum on a knife-edge, the market is right to look elsewhere for direction. Some of this came from Yellen, who reinforced (the) message that the Fed will slow the pace of rate hikes if the U.S. economy posts another dismal jobs report for June.feedback

Jun 20 2016

Although the Remain camp has managed to stem the recent wave of support for the Brexiteers, the outcome is still very much uncertain and trading is likely to be sporadic and volumes thin in the next two sessions.feedback

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