Market Roundup - BOE preview and stock picks – Tip TV
The opening segment of today’s London open show has Presented Jenny Hammond and Tip TV’s Zak Mir discuss Bank of England (BOE) rate decision, US elections and the outlook for Cineworld and RBS.
Watch this video to know what the next move at the BOE could be?
Key points
US elections: Market still expects Clinton to win despite narrowing lead
Brexit court ruling: Article 50 should have been triggered
BOE event – Risk that Carney would be forced to raise rates early next year, hope that would stabilize the Pound
Oanda Sentiment – Clients got it right on gold
The Tip TV trade of the day – Would rethink Bullish view on Dollar-Yen if the support at 102.00 is breached
Cineworld – has been great out performer, not sure if the best times are behind. In the current volatile environment, this is a relatively stable sector
RBS – Very much a work in progress…
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