As 2019 steamrollers its way through into June (where is this year going?!), we’re here to bring you our very unique spin on all the latest goings-on. In this article, we’ll be taking a look at Trump’s visit to Blighty, and also hopping over the pond to assess everything that fell out of Tim Cook’s mouth on Monday at WWDC 2019.
So, without further ado…
Could the Grass be Greener on the Other Side?
Trump has been in the UK this week, fostering the Special Relationship, fist-bumping the Queen (if you’ve not seen it, watch it, seriously!), and generally talking himself and his administration up the only way Mr. T knows how. All of this amid widespread protests from the British public, who are a little upset by the US president’s immigration and environmental policies (also his hair, it has to be said).
As divisive he and his politics are, he remains the most powerful man in the universe and comes offering assurances that the UK shouldn’t be worried about falling off the White Cliffs of Dover come October 31st – AKA Brexit Day. Trump has encouraged Theresa May, who’s moving out of Number 10 in a matter of weeks, to stay on, break the Brexit deadlock, get a deal and then run straight into America’s arms, where a multi-billion-dollar trade deal will be waiting. Sounds heavenly, to be honest! That’s the first vaguely positive sentence to contain the word Brexit that we’ve heard in a while, so we’re smiling – through gritted teeth.
Trump’s visit has failed to make any real impact on GBP/USD, which continues to trade bearish-ly at around 1.27 over Brexit uncertainties. Plenty more to come here. Brexit Watch: to be continued…
Apple hosted its annual Worldwide Developers Conference (WWDC) in San Jose on Monday and threw a lot of – very shiny – stuff in our faces. Such shiny things included the cheese-grater inspired Mac Pro (look it up), iOS 13 with a dark mode, MacOS Catalina and an operating system for the iPad – rather predictably called iPadOS. Original or what?
If there’s one thing that Apple has proven over the years, it’s that shiny things can indeed boost stock price! AAPL shares rose from 171.89 USD on Monday afternoon up to 179.67 USD on Tuesday morning. Well done, Tim Cook! With all of this good news around the company, it might be an idea to keep an eye on Apple stocks over the next few days – and there’s no finer place to do that than with your favourite broker,
Before we go, don’t forget that the latest Non-Farm Payroll (NFP) figures are coming out this Friday, 7th June. This release is a key report measuring the number of jobs added or lost in the US economy over the last month. With good signals from the US’ Manufacturing PMI, things look positive for the US economy. USD traders keep your eyes peeled (12:30 UTC).