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Tuesday, 08 March 2016
News

BoE will not recommend position on Brexit

Bank of England (BoE) governor Mark Carney reiterated that the British central bank would not make a recommendation on the referendum scheduled for June 23 that would decide if the U.K. remains in the European Union (EU) or decides to leave the group, commonly referred to as “Brexit”, but that he would ensure actions to mitigate any short-term effects to financial stability.
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Monday, 07 March 2016
News

Sterling fell below 1.42 handle

There were no major data releases from the UK today, with Sterling falling down a bit. The UK data run has also managed to surprise positively relative to market expectations but the reality of the “Brexit” referendum, called by UK Prime Minister Cameron after he won concessions for the UK on its participation in the European Union (EU), has boosted uncertainty in the GBP. The referendum will be held on June 23rd.  Read more...
Monday, 22 February 2016
News

Sterling down on Brexit concerns

The UK will vote on whether to remain in the EU on Thursday 23 June, Prime Minister David Cameron has said. The prime minister made his historic announcement in Downing Street after briefing the cabinet. He said he would be campaigning to remain in a reformed EU - and described the vote as one of the biggest decisions "in our lifetimes". Ministers immediately divided up into the leave and remain camps as the campaigns got under way in earnest.  Read more...
Monday, 08 February 2016
News

Pound likely to be choppy on Brexit uncertainty

Sterling traded below a recent one-month high against the dollar on Monday, as uncertainty about Britain's place in the European Union and diminishing rate hike prospects kept investors cautious."There are still concerns about slowing economic momentum in the United Kingdom, while ongoing uncertainty over whether there will be a Brexit referendum to vote on UK membership of the EU should continue to haunt investors." Read more...

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