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J. Patrick Bradley, Senior Vice President, Investment Research A victory for the ages. Records broken. Boris Johnson, UK Prime Minister, was swept to a huge victory. His Conservative Party won a majority of 80 seats, with all Tory candidates vowing to support Johnson's renegotiated Brexit ...
By Darren Williams After a decisive victory in the UK's general election, Prime Minister Boris Johnson has a strong mandate to "get Brexit done." But the eventual shape of his Brexit deal is still far from clear. Holding 365 out of 650 seats in the UK Parliament, Johnson's Conservative P...
Macro News Global: We previously saw that the rise in uncertainty we observed around the world in the past two years has been increasing demand for safe havens such as the US dollar and US Treasury bonds. Figure 1 (left frame) shows that periods of US dollar strength are usually associated...
Overview Efforts by a UK Prime Minister, emboldened by a strong electoral victory, will ensure that trade negotiations with the EU are not extended as the divorce has encouraged further profit-taking on sterling. After testing the $1.35 area on the exit polls last week, sterling had return...
The euro has fallen against the British pound sterling, as predicted. What was not predicted by this author, however, was the quickness with which it has fallen. No short-term upside was found, instead the EUR/GBP pair fell straight to our target of 0.8300. My prior article ( see here ) includ...
Since June 2016, markets across all asset classes had become increasingly concerned about the impact of Brexit. It took decades to create the European Union, but the British only made a half-hearted effort to join its neighbors from the start. More than the English Channel divides the UK fro...
While the election result reduces Brexit uncertainty significantly, it doesn't eliminate it. Will there be an extension of the transition period? How will any deal affect the economy? In the meantime, UK banks and sterling, especially wounded since the 2016 referendum, still offer value, whil...
The sterling honeymoon has come to an end after the currency dropped by the most since last July, tumbling 1.1% to $1.3188. More news on: iShares MSCI United Kingdom ETF, Invesco CurrencyShares British Pound Sterling Trust ETF, iPath GBP/USD Exchange Rate ETN, News on ETFs, Stocks on the...
By Francesco Pesole, FX Strategist and Petr Krpata, Chief EMEA FX and IR Strategist EUR: A small step above 1.12 The positive spillover effect of UK election into EUR/USD seems to have worn off. As we head to the Christmas holidays, the week ahead presents a few interesting eve...
Overview: Despite better-than-expected Chinese data, and last week's investor-friendly developments, Asia-Pacific equities were mixed. Australia led the advancing bourses with a 1.6% gain, its largest for the year despite the government revising down growth and wages. China, Taiwan, and Indi...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 Company Name:
UGBP Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...