The Traderszone Network

Carl Icahn has recently discussed selling his stake in Herbalife to a group including William Ackman, another surprising twist in a battle between the billionaires.

read more

Sources told the WSJ that investment bank Jefferies Group had been looking for buyers for Icahn’s stake worth roughly $1 billion.

Here’s the latest on the other key pairs for today 26 August 2016
0.9654 near session lows. SNB never far away though as per my post
USDCHF: 
Offers: 0.9700 0.9760

Headlines all in line with expectations 26 Aug 2016
As there was evidence of some decent business confidence going into the referendum or at least not as bad as some would have us believe.

Q2 2016 UK GDP revision data report 0.6% prior q/q
– 2.2% vs 2.2% exp y/y. Prelim 2.2%. Prior 2.0%
– Exports 0.1% vs 0.7% exp q/q. Prior -0.4%
– Imports 1.0% vs 0.8% exp q/q. Prior 0.1%
First thing to remember is that there’s very little actual Brexit noise in this data. Any negatives will be pre-vote nerves and not after vote effects.

UK Q2 GDP 2nd release coming out at 08.30 GMT 26 Aug 2016
Recent post-Brexit data has been generally GBP-supportive but Q2 runs to end-June so pre-Brexit and therefore old hat to a degree

U.K. stocks are titling lower Friday, with investors preparing for an update on U.K. economic growth and a possible hint about the future of U.S.

read more