Sterling hits 31 year low
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 27, 2016
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British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain’s vote to leave the EU will trigger a Bank of England rate cut. Billions of pounds were wiped off the value of British financial […]
READ MOREUK leaves the EU – Pound tumbles, Cameron resigns
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR
- June 24, 2016
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UK financial markets braced for one of their most volatile days ever today, with sterling hitting a 31-year low in its biggest fall in history after Britons voted to leave the EU and David Cameron said has resigned as prime minister. Government bond yields pointed to a new record low and UK and European stocks […]
READ MOREVote Day is here. How will you vote??
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 23, 2016
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Sterling advanced to a 2016 high against the dollar on Thursday after the last sweep of opinion polls favoured Britain remaining in the European Union, just as voting got underway. Polls by ComRes, conducted for the Daily Mail newspaper and ITV television, and by YouGov for The Times newspaper in London, showed a last-minute rise […]
READ MORETomorrow is the biggest day for the UK!
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 22, 2016
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Sterling rose today, moving back towards a 5-1/2-month high against the dollar, as investors cut bets against the pound just a day before Britain votes on whether to remain in the European Union. Tomorrow While opinion polls suggested the vote on Thursday was too close to call, the implied probability of a vote to remain […]
READ MORE2 days to go! Bookies back remain
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 21, 2016
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Sterling hit its strongest level against the dollar since early May today, having the previous session posted its biggest one-day climb since 2008, as worries receded that Britain will vote to leave the European Union in two days’ time. Two opinion polls on Monday suggested that the “Remain” camp had recovered some ground ahead of […]
READ MORESterling soars due to weekend polls
- Posted by Shyam Gokani in Uncategorised
- June 20, 2016
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Sterling soared 2 percent against the dollar this morning, putting it on track for its biggest one-day gain for more than seven years, as worries eased that Britain might vote to leave the European Union at a June 23 referendum. Campaigning for the vote resumed on Sunday after a three-day hiatus following the killing of […]
READ MORESterling recovers slightly from recent slump
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 17, 2016
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The cost of hedging against sharp swings in sterling over the next week rose to a record high this morning as the contract rolled over to capture the date for Britain’s vote on whether it wants to stay in the European Union. In the spot market, sterling recovered from 10-week lows against the dollar as […]
READ MORE7 Days to go
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 16, 2016
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For the Bank of England, Britain’s vote on its European Union membership next week means everything. The nine-member Monetary Policy Committee, led by Governor Mark Carney, will announce its decision on interest rates at noon today. Officials will probably keep the key rate at 0.5 percent, having said they will interpret economic data surrounding the […]
READ MOREBrexit – Leave camp hold 7 point lead over Remain
- Posted by Shyam Gokani in Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Referendum, Sterling, UK
- June 14, 2016
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Britain’s “Leave” campaign opened up a 7-point lead over “Remain” ahead of a referendum on membership of the European Union an opinion poll showed late last night, while the nation’s biggest-selling newspaper urged readers to vote to quit the bloc. The result of the June 23 referendum will have far-reaching consequences for politics, the economy, […]
READ MORESterling hits 8 week low – 10 days to Referendum
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 13, 2016
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The pound fell to an eight-week low today while the cost of hedging against big swings in its exchange rate against the euro over the coming month hit a record high, 10 days before Britain votes on whether to stay in the European Union. Betting markets suggest Britons will opt to remain in the EU […]
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