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 […]
UK Construction unexpectedly up – No effect on the rates!
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 […]
Sterling slips due to new poll
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 […]
Sterling briefly gained on strong industrial data
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 […]
Sterling drops as “Leave” campaign leads
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 […]
Brexit worries hit Sterling value
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 […]
Sterling at two-week low
Sterling hovered above a two-week low against a basket of currencies this morning, while the cost of hedging against swings over the next month traded near its highest since 2009 […]