Market roundup – Brexit kicks off, Deutsche Bank not out of the woods yet – Tip TV
The discussion in the opening segment today’s Finance show is centered on UK PM Theresa May’s intention to kick off Brexit process by March 2017 (trigger article 50) and Deutsche Bank saga.
Cable revisited 1.2850 levels in Europe in response to comments by PM May over the weekend, stating that the controversial Article 50 could be triggered by end of March. Tip TV’s Nick Batsford, Zak Mir and Richard Hunter, Head of Research at Wilson King Investment discuss whether PM May’s comments take out the uncertainty factor or induce more uncertainty into the markets.
Hunter also talks about Deutsche Bank stating that Germany’s largest lender has to pay other fines and the downsizing of the penalty by US Department of Justice (DOJ) isn’t the end of all problems. The panel also discusses Oanda sentiment and broker forecasts.