2 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 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 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 MOREUK Construction unexpectedly up – No effect on the rates!
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 10, 2016
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Britain’s construction output bounced back more than expected in April following surprisingly upbeat industrial data earlier this week, suggesting the economy might have started the second quarter on a firmer footing. The Office for National Statistics said construction output, which makes up 6 percent of the economy, rose 2.5 percent in April after a 3.6 […]
READ MORESterling slips due to new poll
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 9, 2016
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Sterling slipped this morning as investors ditched riskier assets in favour of safe havens such as the yen, worrying that Britain will vote to leave the European Union in a referendum in two weeks’ time. While it has recovered from lows hit earlier this year, up 3 percent on a trade-weighted basis in the past […]
READ MORESterling briefly gained on strong industrial data
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 8, 2016
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Sterling rose briefly to hit this morning’s high after data showed industrial output in Britain grew at its fastest pace in nearly four years in April, beating forecasts and wrong-footing investors who had positioned for a weak number. It gave up those gains quickly as growing uncertainty about whether Britain will remain in the European […]
READ MORESterling drops as “Leave” campaign leads
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 6, 2016
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Sterling trade-weighted index fell 1 percent to hit a three-week low today, while the cost of hedging against swings over the coming month traded at its highest since late 2008 on growing concerns over whether Britain will stay in the European Union. Polling firm TNS said on Monday that the campaign to get Britain out […]
READ MOREBrexit worries hit Sterling value
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, David Cameron, Dollar, Economy, EUR, GBP, Mark Carney, Referendum, Sterling, UK
- June 3, 2016
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Sterling was subdued this morning, shrugging aside better-than-expected services sector data and staying on track for its worst weekly performance since late March on worries about Britain’s future in the European Union. Services activity index rose to 53.5 in May from 52.3 in April. That was stronger than the median forecast of 52.5 in a […]
READ MORELatest polls damage Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- June 1, 2016
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Sterling slipped this morning, while the cost of hedging against sharp falls in the exchange rate over the next month rose to its highest in over seven years on worries that the campaign for Britain to leave the European Union was gaining the upper hand. Two surveys by polling firm ICM on Tuesday showed British […]
READ MOREPressure of Brexit hurts Sterling
- Posted by Shyam Gokani in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Mark Carney, Sterling, UK
- May 31, 2016
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Sterling eased on Tuesday, hurt by month-end selling and after a poll showed support for those who want to stay in European Union dropping, adding to growing uncertainty about next month’s referendum. An ORB poll for the Daily Telegraph showed support for Britain to stay in the European Union was at 51 percent, five points […]
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