I doubt it. Canadian voters have been to the polls more than the Italians in recent years and have very little appetite for a return trip. Nonetheless, the Liberals are threathening to bring down the Tories unless they relent to demands for amended jobless benefits. Just one more layer of risk, cobined with the retrenchment in the global reflation trade which has undermineed the Loonie. USD/CAD has rebounded to 1.1375 thus far.
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Oh no! Another Canadian election?
June 15 2009, 8:27pm | Comments »
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Challenger claims victory in Iranian election
Ahmedinajad’s challenger Mousavi says he is the definite winner of the Iranian presidential elction. No reaction from the oil market as yet though the USD is a touch firmer. EUR/USD trades at 1.4005.
June 12 2009, 9:54pm | Comments »
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Labour facing disastrous election results
The European elections did not go well for Gordon Brown’s Labour party but you are going to have to make your own mind up as to whether this is good or bad for the pound, as I’m not too sure. Cable has topped out at 1.66 and falls back towards 1.50 look on the cards but the uptrend recovery is still strong and if the market senses that a change of government may be on the cards in the UK, then that might be a signal for another sterling rally.
June 8 2009, 4:22am | Comments »
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