Brexit

Image via © European Union 2016 - European Parliament Britain's shocking decision to leave the European plunged the currency markets into a tailspin with investors rushing to safety, shunning risky assets. The decision also left the United…
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The Pound Sterling was the weakest currency last week losing 4.79% against the US dollar. The declines in GBPUSD came as the UK shocked the world by voting to leave the EU membership which sent ripples across the financial markets. GBPUSD…
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Image via © European Union 2016 - European Parliament The markets opened on a quiet note, but the Sterling took the lead as the UK referendum campaign got underway. Early opinion polls showed that the 'Remain' camp gained a lead which sent…
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Image via © European Union 2016 - European Parliament. Press statement on the UK EU referendum with Manfred Weber Following the surprise decision to leave the EU membership, the latest developments are likely to hit the financial markets…
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Image via DAVID HOLT In a tight race, the markets were taken by surprise as the UK voted to leave the EU. Although counting is still underway, the 'Leave' camp was seen leading with 51.70% against the 'Remain' camp's 48.3% with 98.4% of…
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UK opened its doors to the EU referendum voting this morning as latest opinion polls put the Remain camp in the lead. Voting is expected to continue until 21:00 GMT with results being announced later tomorrow. In other news, manufacturing…
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Months of campaigning, for and against, the EU membership the nearly 6-months of market uncertainty draws to a close as the UK referendum vote gets underway. Polling stations are expected to be open from 0700 UK time and will close at 2200…
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The sterling gapped higher on Monday on new opinion polls putting the ‘Remain’ camp in the lead. GBPUSD continued to inch higher through the day, although the markets were very mixed, with EURUSD giving up part of its gains. Economic…
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The yen was back at the top of the currency board last week with risk aversion on account of market uncertainty and the BoJ's inaction. The yen was up 2.72% for the week, as USDJPY hovers near the 104 level. Earlier in the week, the dollar…
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Japan’s industrial production was revised higher to 0.50%. In the UK, inflation numbers were tame, rising just 0.20% on the month. US retail sales were lower than April but better than forecasts with import prices also steadily rising.…
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