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Monday, 02 May 2016
News

Sterling higher despite Brexit concerns

There were no data releases from the UK today, with banks being closed in observance of May Day holiday. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain’s European Union membership edging into the lead in the run-up to a June 23 referendum on the issue, despite an intervention on the “In” side by U.S. President Barack Obama. The online survey, taken on Monday and Tuesday, showed support for the “Out” campaign had risen 3 percentage points to 42 percent since a similar survey on April 12-14, while the number of undecided had fallen, leaving support for the “In” campaign up 1 percentage point at 41 percent. Read more...
Friday, 22 April 2016
News

Carney sees Brexit as a treat for Sterling

There were no data relases from the UK today. Currency News reported that BoE Governor Mark Carney has recently defended his stance on a ‘Brexit’, stating that it is his ‘duty’ to give an honest account on what the outcomes of the UK Referendum vote could have on the national economy. BoE Governor Mark Carney Spoke before a House of Lords Committee on Thursday. The session was marked by one such appearance, this time from the BoE’s present Governor Mark Carney before a House of Lords committee.  Read more...
Tuesday, 19 April 2016
News

Remain campaign takes a lead

As the countdown to the referendum begins its final phase the Remain campaign has seen further improvement in its position according to the latest ORB Poll for the The Telegraph. While there is a growing majority preference among UK voters for Britain to remain in the EU, the risk for the Remain campaign as identified in previous ORB polls continues to be that Leave voters are more motivated to vote at this stage of the referendum campaign.  Read more...
Monday, 18 April 2016
News

Brexit in a focus with no data releases from the UK

With no major data releases from the UK today, traders continue to watch the Brexit polls and remain unsure as what to expect as the June 23rd vote approaches. While consolidation helped to shore up the GBP ahead of the weekend the underlying trend continues to point towards further bearishness in the run-up to the EU membership referendum in June. Read more...

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