Sterling up – 3 days in a row
Sterling climbed for a third day today, but traded in tight ranges as investors waited for new developments on Britain’s shock decision to leave the European Union, which sent the […]
UK Credit Ratings Cut by S&P and Moodys
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 […]
Sterling hits 31 year low
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 […]
UK leaves the EU – Pound tumbles, Cameron resigns
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 […]
Vote Day is here. How will you vote??
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. […]
Tomorrow is the biggest day for the UK!
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 […]
2 days to go! Bookies back remain
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 […]
Sterling recovers slightly from recent slump
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 […]
7 Days to go
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 […]
Brexit – Leave camp hold 7 point lead over Remain
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 […]