8th JUly 2022 / anthony cheung


In this episode, I talk to the Head of Trading Piers Curran about the resignation of UK Prime Minister Boris Johnson. We look at the process behind how the Conservative Party will now elect a new leader, the subsequent timeline, and importantly whether this shift has implications for financial markets.

Who is Ben Wallace? Will Rishi win? does this even matter in the context of the economic crisis unfolding under the pressure of surging inflation? We give our point of view!

This leads us into looking at the EUR currency, which this week hit a fresh 20-year low and edges ever closer to parity against the US Dollar. What is creating this renewed downside pressure and why Europe's biggest economy, Germany, is heading into its worst energy crisis since the oil price shock of 1973.

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