AUTOREFRESH 
Prudential: Discussions regarding current status of transaction have taken place between Prudential and AIG and are continuing
By Gerry Davies || May 28, 2010 at 06:08 GMT
|| 6 comments || Add comment
- Discussions may or may not lead to a change in the terms of the AIA deal
Cable has edged marginally higher in early European trade, presently at 1.4565. Guess sterling must be garnering a modicum of support from the uncertainty surrounding this deal and possibility of hedge needing to be unwound. I’m not sure I’d like to base a trade on that though, too many uncertainties.
Usually if Wall Street posts 3% gains, Asia goes gangbuster so the fact that it has not makes me think that Europe will pull back
Gerry, if you can, please comment on the 50 pip demise of your beloved country’s currency in last one-half hour. Prudential related? EU payment related? Space aliens hitting the sell button?
I think it’s related to Cameron comments, he has scope for longer period of low interest rates, as I posted, but I can’t say that for sure
I couldn’t make head nor tail of what he was trying to say. Personally I wouldn’t have traded off the comments at all as they seemed somewhat contradictory
Hmm … I didn’t hear this bit on the radio early this morning
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7773373/US-tells-AIG-to-lower-price-of-deal-with-Pru.html
Nice lilac, suits my eur/gbp that one for a change !