Brexit

The US dollar was seen trading stronger for the week with the biggest declines coming from the Turkish lira. The markets opened this week on the news of a failed military coup in Turkey. However, by Monday morning, the situation was under…
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Market headlines Japanese yen weakens after Abe pledges fiscal stimulus The S&P500 hit an all-time high yesterday as US earnings season starts UK Conservative party leader Theresa May to be sworn in as Britain’s Prime…
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The markets opened on a quiet note this week with the US markets closed on account of the Independence Day holiday. Trading was fairly quiet on Monday, with a focus on Australia. The weekend elections saw no clear winner emerge, quickly…
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Image via Caribb / Flickr German factory orders slid 0.20% on a year over year basis in May, while staying flat compared to April. Sweden’s Riksbank left interest rates and QE unchanged at today’s monetary policy meeting. Brexit risk off…
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The Reserve Bank of Australia opted to keep interest rate unchanged at 1.75% at its meeting today. The Bank of England released its Financial Stability report and lowered the bank’s capital buffer requirements, in a bid to allow for nearly…
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Image © European Union 2016 - European Parliament After last week's market turmoil, the financial markets opened Monday, which saw a follow through in risk aversion. The British pound extended its declines off Friday's lows, to open lower…
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Mark Carney, the Bank of England Governor in his speech on Thursday said that he was confident in the UK's ability to successfully adapt to a future out the European Union in a bid to reassure the markets. The BoE Governor said "The UK can…
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Image via © European Union 2016 - European Parliament. Heated debate on Brexit and its consequences The British pound found support following two days of turmoil with the currency seen stabilizing following the Brexit lows, despite the…
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Image via © European Union 2016 - European Parliament The UK referendum vote stunned the world! In what seemed like a clear victory for Camp Remain, the markets were shocked to see the EU referendum vote win with the Camp Leave voting…
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New Zealand posted a trade surplus of 358 million, more than the expected 185 million. In Europe, Brexit jitters continued with markets posting steady losses. Today’s Economic events New Zealand trade balance 358mn vs. 185mn…
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