RE: Global Macro Update Regarding European Union, #ECB, and UK
The way the #Euro is strengthening relative to the Pound, and particularly the way the #CABLE GBPUSD cross-rate is falling out of bed is about to unleash shock-waves of negative #sentiment through the European Euro STOXX Equity Markets FEZ. According to RunningAlpha.com Capital Markets Intelligence, this currency market action is portending a monetary surprise announcement; and any rate hike in Europe to stem a soon to be out of control falling CABLE would backfire, as it would just put dangerous downward pressure on UK's GDP and Britain's Industrial production, ultimately further weakening the #Pound #Sterling
Best regards,
Efrem -- Looking for better times ahead in the USA after this initial start of the year shock in USA equity markets abates in the not too distant future ( as indicated in prior memos at Running Alpha.com; as the situation rapidly deteriorates in Europe, capital will likely migrates out of Europe into the USA in earnest.