wrapper

Monday, 11 July 2016
News

Pound still under influence of Brexit

There were no data releases from the UK today. The BoE, which meets on Thursday, expects the economy to suffer a material slowdown because of the uncertainty caused by the Brexit vote. Chances of the Bank cutting rates this week have jumped to 74 percent, from 11 percent just before the result of the June 23 referendum was announced. British growth is expected to be most affected by the aftermath of the Brexit vote, many economists are also cutting their growth forecasts for the Eurozone, the U. K’s biggest single importer. Though net exports — the U. K’s total exports, minus total imports — may rise, it could be driven in large part by a decline in imports.
Tuesday, 05 July 2016
News

BoE lowered amount of capital banks must hold in reserve

The Bank of England took steps on Tuesday to ensure British banks keep lending as the financial consequences of the country's decision to leave the European Union began to materialize, especially in commercial real estate. The BoE, which is trying to cushion the economy from the June 23 referendum result, said it would lower the amount of capital banks must hold in reserve, freeing up an extra 150 billion pounds ($196 billion) for lending. Read more...
Tuesday, 28 June 2016
News

Cameron said a second referendum was not in the cards

Market participants have had some time to digest the repercussions of the UK exit from the European Union and have been selling the Pound across the board in early week trading. There remains uncertainty surrounding the unprecedented departure from the EU, however, some clarifications were made today. Prime Minister Cameron conveyed earlier today that a second referendum was not in the cards. Though this point had been made ahead of the vote, GBP bears may have hesitated as any type of indication that the vote was not going to be enforced, would cause a sharp reversal in the pair. Read more...
Monday, 27 June 2016
News

Sterling continues to fall in referendum aftermath

Worries over the aftermath of Britain’s decision to quit the European Union continued to influence the financial markets on Monday. Sentiment remained weak, with a political crisis gripping Britain and no clarity about when the world’s fifth-largest economy would leave the EU or on what terms. But the moves on Monday were nowhere near as extreme as on Friday, when global stocks suffered their biggest decline in nearly five years.
Read more...

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.

Copyright © 2024 Forex web news - Daily news, forecasts, analysis and charts for active Forex traders. All Rights Reserved. Designed by Ampelos