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bank rate +0.5% vs +0.25% exp vs +0.5% prev QE £375bln vs £375bln prev vote 8-1 9-0 to keep QE on hold As I thought. GBPUSD spiked but being sold into. 1.3500 the big level I highlighted held The Bank of England's Monetary Policy Committee

The best reason not to buy gold is gone Warren Buffett is a long-time skeptic of gold and for most of his life, his reasons were sound. "The problem with commodities is that you are betting on what someone else would pay for them in six months. The

The political contagion from Brexit should become one of the major EUR drivers in coming months.  While we do not expect any other in-orout EU referendums in the Eurozone, the upcoming political events – the Austrian presidential and German

In Japan, we note that the outcome of the Upper House election was a supermajority for PM Abe's LDP, in concert with allies. While much focus will be on what Abe does now with respect to pushing through revisions to Japan's pacifist constitution, Abe

European leaders and security chiefs have a sobering message after the Bastille Day killings in Nice: such lone attacks using ordinary vehicles are nearly impossible to prevent and can be carried out by almost anyone. "We have moved into a new era,"

What to look out for in your trading next week. ECB rate decision.  Thursday at 7:45 AM ET/1145 GMT.  No change is expected but post Brexit comments and thoughts from Mario Draghi will be monitored. His press conference begins at 8:30 AM

As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Scott's algorithm-driven fund

Whether Japan admits it or not, helicopter money - thanks to Ben Bernanke - is here, and the market's reaction this week was simply the first stage of pricing it in, as confirmed by the biggest drop in the Japanese currency this century

The post-referendum fall in sterling has been precipitous, but orderly.  The UK 10Y real yield currently matches the record lows reached in the spring of 2013. Interestingly, the nominal trade-weighted sterling is currently at levels prevailing

BoE rate cuts.  Given the uncertainty and likely economic downturn, we expect the BoE to use its financial crises play book. That means ignoring sterling driven inflation, quickly taking interest rates to, or close to, zero and subsequently

Markets are held hostage by the lingering political and economic uncertainty in the UK.  The Brexit trades still attract considerable interest  with the GBP TWI having hit fresh multi-year lows recently. In addition, all European G10

EUR/USD will drift lower but unlikely to hit a new cycle low EUR/USD is down 25 pips today after bouncing in a 110 pip range in the aftermath of non-farm payrolls . Here's what SocGen thinks is coming next: The post-referendum fall in sterling has

Many bankers worldwide have said that the UK will suffer more after the surprising Brexit outcome, emphasizing Europe's professional expertise and institutions as the main advantage in a period of uncertainty. "For the first time, we cannot count on

Two prominent financial market sages have forecast the GBP / USD exchange rate is at risk of a fall to parity, however most analysts appear content to call the bottom at 1.20. With the implications of the UK’s Brexit vote begin to sink in, research

Deutsche Bank (DE: DBKGn ) hit fresh new lows this week on the fear that Germany will not be able to bail out the bank. DBK appears to be headed for bankruptcy, which would wreak havoc thanks to the fallout from the bank's complicated derivatives

Here's a bold call. After the post-Brexit, face-ripping comeback in gold prices, Christopher Wood at CLSA believes that the precious metal is set up to more than triple in price. Since the start of 2016, gold bullion has gained 24.6%, said Wood, who

As the nation anxiously waited for the EU referendum results last month, currency traders were busy making bets on which way the vote would go. The pound started to rise just before the first results came in as traders predicted a win for the Remain

The dollar slid against the yen and some currencies on Friday in choppy trading on the view that the much stronger-than-expected U.S. employment payrolls report will not persuade the Federal Reserve just yet to raise interest rates again this year

In the face of the profound and direct negative effects of Brexit on UK economic activity, the Bank of England (BoE) is expected to enact more stimulus next Thursday, with both an interest rate cut and additional measures delivered during both the

Jamie Dimon has a message for Brexit Britain: There's nothing wrong with changing your mind. The chief executive of JPMorgan ( JPM ) said before the June 23 referendum he thought Brexit would be a "terrible deal for the British economy." Asked by an