Our convictions change over time, thank you to verify that your preferences always match your expectations.

Pins are saved using cookies. Deleting them from your browser will delete your preferences.

delete all my pins


Relief for financial market after a rather positive speech from the British Prime Minister on Brexit

23 January 2017

After a quiet Monday (Martin Luther King Day, bank holiday in the US), the week started with the much expected Theresa May speech on Brexit on Tuesday.

Markets were very worried about it (overnight implied volatility was at a 5 month high) but in the end the tone was rather positive: “June the 23rd was not the moment Britain chose to step back from the world. It was the moment we chose to build a truly Global Britain.” Markets were relieved and GBP shot a nice 3% vs the dollar on the day. 

The other major event this week was the European Central Bank meeting. Nobody expected anything from Mario Draghi… and we have not been surprised! The speech was very neutral and Q&A did not bring color about a potential tapering. Nonetheless, the move higher in bond yields that began on Tuesday carried on. 

The last event this week is under way while I am writing. D. Trump’s speech will obviously be analyzed very thoroughly.

Kind Regards.


More about:

The information and material provided do not, by any means, represent advice, offers, solicitations or recommendations for investing in specific investments. All statements reflect the opinions of their authors at their publication date and do not constitute a contractual commitment on behalf of the management company. These assessments are subject to change without notice, within the prospectus’ limitations, which is the only legally binding document. La Française Group declines liability in any form for any direct or indirect damage resulting from the use of this publication or the information that it contains. This publication may not be reproduced in full or in part, disseminated or distributed to any third party without the prior written consent of La Française Group.  
La Française Allocation is a French UCITS in regards to the 2009/65/CE Directive. The Fund received AMF authorization on July 15th 2003 and was launched on July 31st 2003. The strategy changed as of July 19th 2012. Management company : La Française Asset Management – Paris – approved by the “Autorité des Marchés Financiers” under N GP97076 on July 1st, 1997.

For more information regarding the French regulatory authority - Autorité des Marchés Financiers (AMF) – please visit www.amf-france.org.www.amf-france.org.

La Française Group provides access to the expertise of a number of asset management companies around the world. To provide you with the most relevant information, we have developed an interface to present the full range of products available for your investor profile and country of residence.

Present yourself


Your country of residence

Your language

Your profile

When navigating on our website, you agree to this policy and consent to our use of cookies in accordance with the terms of this policy. Find out more.