UK Credit Ratings Cut by S&P and Moodys
- Posted by Shyam Gokani in Bank of England, Bremain, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 28, 2016
- No Comments
Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after Britain’s vote to leave the European Union. Safe-haven currencies such as the yen and the Swiss franc, which had gained sharply since last Thursday’s vote, […]
READ MORESterling 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
- No Comments
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
- No Comments
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
- No Comments
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 MORE