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Carney's `Brexit' Headache Intensifies With Rate Outlook Schism

Mark Carney could face a challenge in just over two months, regardless of whether Britons choose to stay in or quit the European Union. While the Bank of England governor has signaled a slow tightening path, and investors see no rate increase for years, a vote to stay in the EU on June 23 potentially creates a whole new backdrop. With ‘Brexit’ risk removed, markets could pull in bets for a hike, generating a new communication hurdle for the Monetary Policy Committee, which holds its monthly meeting this week.  Read more...

Sterling lower as Brexit concerns prevail

There were no major data releases from the UK today, with Sterling heading lower against USD. The latest UK service sector Purchasing Manager’s Index (PMI) from Markit, did reveal a rise in activity, but the survey also highlighted that the services sector is at its weakest level since the first quarter of 2013.
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Pound can anticipate losses due to Brexit concerns

There were no data releases from the UK today, with Pound going lower after yesterday's rebound. The polls for the Brexit vote point to an ever-closer race between the stay and go sides. Several economists and financial institutions have expressed concerns that a goodbye to the EU would hit U.K. economic growth and significantly weaken the pound. Read more...

Pound rebounds in a quiet Easter Monday trade

There were no data releases from the UK today, with Pound going higher, but Brexit remains in focus. The campaign for Britain to leave the EU has been backed by 250 business leaders including the former chief executive of HSBC, the Vote Leave group said on Saturday, hoping to counter the view that UK businesses back staying in the bloc. Read more...

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