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Friday, 24 June 2016
News

UK votes to leave European Union

The U.K. has voted by a substantial margin to leave the European Union in a landmark referendum. The out campaign secured the victory, with the Leave side winning 52% of the vote, against 48% to remain. Scotland and London voted overwhelmingly for remain, but Wales and the U.K. outside London voted for Brexit. Read more...
Thursday, 23 June 2016
News

Sterling at the highest level since December

Its a Brexit Day with focus being on EU Membership referendum though results will not be known till tomorrow. Last Polls opened for voting and the last surveys strongly favored a REMAIN. Evening Standard Brexit poll showed 48% leave and 52% remain. Investors’ anxiety that the UK may vote to leave the EU has shown up most clearly in sterling, which hit a low for the year of just above $1.38 in late February when the date for the referendum was announced. Read more...
Wednesday, 22 June 2016
News

Sterling slightly higher a day ahead of referendum

Focus in the UK remains in Brexit referendum with just one day ahead of it. The Sterling was tentatively higher on the last day of campaigning before Britain’s referendum on EU membership with the British Pound trading just off its highest level of the year after a swing in polls towards “remain” earlier this week. Recent opinion polls have mostly shown a shift towards keeping Britain in the European Union, but there are some signs that momentum has stalled for the “In’ camp and to some, the race still looks too close to call. Read more...
Monday, 20 June 2016
News

Oil up for a second consecutive session

WTI crude oil is seen extending its rebound for second straight session, from a multi-week through level of $45.81 touched last week and now seems to be heading back towards $49.00 handle. Receding worries of a Brexit is denting the US Dollar’s safe-haven demand, thus benefiting dollar-denominated commodities like oil. A dramatic shift towards a more supportive stance for the ‘Remain’ camp is seen as a reaction to last Thursday’s tragic murder of a pro-EU MP Jo Cox. Read more...

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