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The British pound sterling, the currency of the United Kingdom, continues to remain relatively volatile. GBP FX crosses are generally still considered risky, though the market's general perspective on GBP is balanced. That is to say, while the currency might be risky (i.e., volatile), there ap...
Overview: Given the huge run-up in risk assets this quarter, and the technical indicators warning of corrective forces, concerns over the new infections are pushing on an open door. The S&P 500 gapped lower yesterday and fell 2.6%, led by energy and airlines. The NASDAQ snapped an eight-...
UK business activity came closer to stabilising in June, according to provisional PMI survey data, boosting hopes that the economy will return to growth in the third quarter after an unprecedented downturn due to the coronavirus disease 2019 (COVID-19) pandemic. Record PMI rise The fl...
Overview: The rally in risk assets in North America yesterday is failing to carry over into today's activity. Asia Pacific equities were mixed. Korea and Indonesia led the advances with more than 1% gain. China and Taiwan also gained. Japan and Hong Kong. Europe's Dow Jone's Stoxx 600 is giv...
Last month, I made the argument that the GBP/USD would continue to trend downwards based on the anticipated economic damage from COVID-19 as well as the growing risks of a no-deal Brexit. While the currency did trend downwards through May, it eventually recovered to a peak of 1.28 before r...
Overview: After early indecision, investors ramped the demand for risk assets, encouraged perhaps by indications that the Trump Administration is going to support at least another trillion-stimulus package. The Nasdaq rallied to new record highs, and the dollar got thumped across the board. ...
Overview Investors begin the new week, perhaps slowed a bit by the weekend developments and the growth of new infections. Equities are mixed. The MSCI Asia Pacific Index snapped a four-day advance, though India bucked the regional trend and gained 1%. Europe's Dow Jones Stoxx 600 is recoveri...
The GBP/CAD currency pair, which expresses the value of the British pound sterling in terms of the Canadian dollar, has been falling recently as GBP sentiment has begun to sour recently. The chart below shows the performance of GBP/USD and CAD/USD; these pairs illustrated by the blue line an...
After a run-up in risk assets from the middle of May, broad consolidation was the main feature of the capital markets last week. Markets were calmer. The three-month implied volatility of all the major currencies fell, led by the usually high-beta dollar bloc. The VIX, which measures the vol...
British retail sales rebounded more strongly than expected last month, jumping by a record 12% as the country relaxed lockdown measures, but government borrowing surged to counter coronavirus impacts on the economy. More news on: iShares MSCI United Kingdom ETF, Invesco CurrencyShares Br...
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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...