Morning Call: Equities pop, yields climb, gold fades
In today's edition of Saxo's Morning Call our experts explore the post-election equity pop, the push higher in US yields, the dollar-yen rebound and why gold has lost its sparkle.
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Chief Investment Officer Steen Jakobsen, Head of Commodities Strategy Ole Hansen, and technical analyst Kim Cramer Larsson discussing the messy breakdown of the Brexit procedure post what Jakobsen terms a 'dismal' performance by PM May In Salzburg.
Looking at sterling, Larsson notes that we remain in an uptrend so long as GBPUSD stays above 1.3050; as for the political road ahead, uptrends are far more difficult to identify.