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Citi Wealth Insights

Defeat for PM May But Sterling Rebounds

Defeat for PM May But Sterling Rebounds

The UK Parliament hands PM May one of the worst ever defeat for a sitting UK government, rejecting her Withdrawal Bill by a margin of 230 (432 against and 202 for it). GBPUSD hits a low at 1.2670 on confirmation of the vote only to rebound to a close around 1.2870.
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All Eyes on UK Brexit Vote

All Eyes on UK Brexit Vote

UK MPs move to minimize chances of a “No Deal” Brexit ahead of tonight’s vote
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January Effect: Myth or Reality?

The first five trading days of January are often perceived as indicative of January equity performance and the overall year’s potential.
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Focus on Fundamentals

Focus on Fundamentals

Citi analysts believe that the 10-year bull market is not yet over. This is a classic late-cycle bull market, when volatility tends to be higher, as evidenced from the S&P 500 index gaining 6% in 5 days as of 10 January 2019 after falling 9% in December 2018.
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US Government Shutdown Sees No Sign of Resolution

President Trump says over the weekend that it’s too early to call for emergency measures yet to re-open the government
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Modest USD Rebound on Fed Comments

USD rebound on Fed Powell’s comments regarding the balance sheet
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