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Friday, 25 March 2016
News

Pound struggles as Brexit concerns persist

There were no data releases from the UK today. With British public opinion evenly split on whether to remain a member of the EU, the world's largest trading bloc, and many voters yet to make up their mind, Johnson, 51, is hoping to become the galvanizing figurehead for the "Out" campaign.While Johnson, a member of Prime Minister David Cameron's Conservative party, described being mixed up with Trump as "one of the worst moments", if he can emulate the American billionaire's success, the consequences could be far-reaching.
A British exit would batter the EU by ripping away the bloc's second-largest economy and richest financial center at a time when it is struggling to manage mass migration and coax economic recovery from the embers of a financial crisis. Bernard Aw, market analyst at IG Group, said: “The exchange rate is an immediate victim of the debate over Britain’s membership in the European Union.
 
“The uncertainty over the impact of a Brexit scenario meant that investors tend to de-risk through the holdings of GBP assets, which include the currency. GBP has fallen -3.5 per cent year-to-date on heightened Brexit risks, and the future path depends significantly on how the debate pans out in the coming months ahead of the 23 June referendum.”
 
Sterling is currently being traded few points above 1.4130 level. Pair is likely to find support around 1.41 handle and resistance above 1.4180 level. Later today, in the US session, Final GDP figures are scheduled for a releas
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Wednesday, 23 March 2016
News

Sterling continues to fall on Brexit concerns

The pound continued to fall against the dollar and the euro on Wednesday, as the attacks in Brussels were seen as increasing the chances of a British exit from the European Union in a June 23 referendum. The Bank of England’s Financial Policy Committee, which is charged with safeguarding financial stability, was to hold its final meeting before the referendum later Wednesday. Read more...
Tuesday, 15 March 2016
News

Brexit supporters more motivated to vote

Supporters of Brexit are more likely to vote in the forthcoming referendum which could give the Leave campaign a decisive edge in the final result, a new Telegraph poll suggests. Analysis of the survey by Sir Lynton Crosby shows that voters who want Britain to leave the European Union are more motivated than those who say they are in favour of staying in. Writing exclusively for The Telegraph, the electoral strategist who helped secure David Cameron’s surprise win last year, says that victory now hinges on whichever campaign inspires people to turn out and vote. Read more...
Monday, 14 March 2016
News

Sterling little changed in a quite morning session

There are no major data releases today, with focus on Brexit concerns. British voters will decide in a referendum on June 23 whether the country stays in the EU or leaves. The latest YouGov polls show those wanting to stay in the EU are gaining ground, while bookmakers see a one-in-three chance of Britain exiting. Read more...

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