Individuelles FX-Risikomanagement, das Ihr Unternehmen vor Wechselkursschwankungen schützt: Zum FX Leitfaden.
-
CH - DE
- Australia - English
- België - Nederlands
- Belgique - Français
- Canada - English
- Česká Republika - Čeština
- Deutschland - Deutsch
- España - Español
- France - Français
- Ελλάδα - Ελληνικά
- Hong Kong - Traditional Chinese
- Hong Kong - English
- Italia - Italiano
- Luxembourg - English
- Nederland - Nederlands
- Polska - Polski
- Portugal - Português
- România - Română
- Schweiz - Deutsch
- Suisse - Français
- United Arab Emirates - English
- United Kingdom - English
Contact our experts
Ebury London
100 Victoria Street
London
SW1E 5JL
+44 (0) 20 3872 6670
[email protected]
Ebury.com
FX market braces for US midterm election results
- zurück
- Latest
6 November 2018
The EUR/USD rate was relatively range bound on Monday, with investors in a cautious mood ahead of today’s US congressional election.
All 435 seats in the House and 35 of the 100 seats in the US Senate will be contested, the two legislative chambers that make up Congress. The polls leading up to the elections have been relatively close. Political prediction website PredictIt are, however, currently placing around a 70% chance that the Democrats will triumph in the House vote and as high as a 90% chance that the Republicans retain control of the Senate.
In the event that Trump loses control of the Senate we would expect a sell-off in the US Dollar, as the chances of further tax cuts are lessened. Conversely, a Republican clean sweep would likely lift the greenback higher.
News of potential Brexit breakthrough buoys Sterling
Away from the US, the Pound remained well supported yesterday by last week’s report that suggested an agreement on Brexit, one which would include an all-UK customs arrangement, was close.
The report over the weekend from The Times, should it prove to be the case, would ensure that a Northern Irish ‘backstop’ would not be required. This raised hopes that a solution over the Irish border impasse, which many feared could be the ultimate undoing of any deal, may be found in time for the next summit of European Union leaders in December. There was even renewed talk of a November EU summit being called, having allegedly been ‘scrapped’ due to lack of progress following the October meeting.
Earlier in the session, the latest UK services PMI suggested that sentiment among business was low in October amid the ongoing Brexit uncertainty. The crucial index sank to a seven month low, 52.2, well below consensus. With focus firmly on Brexit this was, however, largely overlooked by currency traders.
Privacy Overview
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-advertisement | 1 year | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. |
_ga_VKKLQGLB51 | 2 years | This cookie is installed by Google Analytics. |
_gat_gtag_UA_51187572_40 | 1 minute | This cookie is set by Google and is used to distinguish users. |
_gid | 1 day | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
pardot | past | The pardot cookie is set while the visitor is logged in as a Pardot user. The cookie indicates an active session and is not used for tracking. |
Cookie | Duration | Description |
---|---|---|
_lfa | 2 years | This cookie is set by the provider Leadfeeder. This cookie is used for identifying the IP address of devices visiting the website. The cookie collects information such as IP addresses, time spent on website and page requests for the visits.This collected information is used for retargeting of multiple users routing from the same IP address. |