Pound falls after brexitministerns defection
The british ministeravhoppen have an immediate impact on the market.
Pound plummets and the european exchanges, including Stockholm, slopes.
Aktiestrategen Martin Guri tracks now fluctuating market but with the good ending of the year.
First brexitministern Dominic Raab, and a few hours later came the news that even minister for employment Esther McVey leaves his post. The uk's contract for brexit causes victims and the impact was immediately visible on the stock and currency markets.
Against the Swedish krona became the pound 15 penny weaker compared to yesterday and was traded to the 11:65 kronor, which is also the lowest rate for the pound since the end of september.
Against the dollar is dropping at the same time, the pound 1.5%, the biggest decline in two months.
the Stock market as the glatts to progress between the U.S. and China in the handelsfrågan and some stability in oil prices after the last weeks of sharp decline, ended up in a completely different location with a decline.
Shortly before noon has the OMXS index of the Stockholm, however, recovered and slopes moderate 0.1 per cent. Following the development in the rest of Europe besides the London stock exchange, which oscillates around zero. This when the british companies benefit from a weaker british currency.
Aktiestrategen Martin Guri at Kepler Cheuvreux now see brexit issue as a continued topic for a continuation of the fluctuating market.
" The big challenge is to turn it through in this parliament and it has continued in front of him. How it goes with the fact of the matter is written in the stars. It is still march 30, as applicable, until its will to fight to get it through in parliament, " he says.
the OMXS index of the stockholm stock exchange has recently declined, primarily during October, but Martin Guri believe in a positive closure of the stock market with a rebound and that the stock market ends the year on the plus 5-6 per cent. Neither the brexit or other market uncertainties have led him to change his mind.
– I hold on to it. Much of the decline in October is technically gifted with great sales. Many take the opportunity now to adjust their portfolios before the end of the year and it is soon complete. If all sold ready for the end of the year, there are only buyers left and just like a rubber duck after having been pressed in the water, it will go up, " he says.
economically Sensitive companies within the workshop as well as the banking sector is what has taken the most beating, which is also the greatest potential, according to Guri:
– in Addition to cyclical companies also have the banking sector declined when affected by brexitoro and development in Italy, where there are återhämtningspotentialen, " says Guri.