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Three ex-Barclays traders found guilty of manipulation Jay Merchant, Jonathan Mathew and Alex Pabon have been found guilty by a jury of "conspiring to fraudulently manipulate global benchmark interest rates". The news is out after restrictions on

Given the potential global ramifications of the UK vote and its effect on central banks’ policies , we also place our FX forecasts under review.  We will reassess our medium-term views on G10 FX as our economists revise their economic and policy

The Brexit camp won the EU referendum triggering a violent risk off reaction. There should be three key drivers of FX price action from here. The first is a continuation of the GBP underperformance on the back of the initial selloff following

UK voters' surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance. Money managers were positioned relatively

Statement released earlier following a meeting in Berlin 25 June 2016 The six founder EU members, Germany, France, Italy, Belgium, Luxembourg and the Netherlands  first joined forces in the 1950s and still form the core of the

Hours after Britain’s decision to leave the European Union sparked mayhem across global financial markets, a handful of prescient investors began to emerge as big winners. Hedge fund manager Crispin Odey, an advocate of a British exit, gained more

The Brexit referendum was always going to be a game changer whatever the result 24 June 2016 Be careful what you wish for they say, as indeed did I , and I had warned in other pieces too that whatever the outcome the UK

 Britain’s decision to leave the European Union triggered pandemonium across the financial markets. Currencies and equities were hit hard by the vote with sterling falling over 10% intraday. Friday was the worst day ever for the British pound

Raoul Pal isn't a big fan of theoretical economics. The former hedge fund manager, who comanaged GLG's global macro fund and retired in 2004 at 36, f ocuses more on real-life economics. "I think trying to pretend everything is a science is a

Scotland's First Minister Nicola Sturgeon says her parliament could block the UK's vote to Leave 26 June 2016 Sturgeon has just been speaking on BBC TV where she said  " of course" she would ask MSPs to refuse to give there

For all the scaremongering and threats of an imminent financial apocalypse should Brexit win, including dire forecasts from the likes of George Soros , the Bank of England , David Cameron (who even invoked war), and even Jacob Rothschild , something

Spokesman for investor George Soros out with a statement 27 June 2016 Soros did not speculate against sterling while he was arguing for Britain to remain in EU Soros was long GBP leading up to the vote because of his generally bearish outlook on

We expect the single currency to remain subject to downside risks.  This is especially true as the latest UK-related development is likely to increase political uncertainty in the EU further and as more muted growth prospects should keep the ECB

Citing social media reports Tweets saying that Yellen has been removed from the ECB conference in Portugal. What with the Carney rumours also, it's looks like a few people have more important things to do. Update: Looking at the schedule, it looks

According to Scotland's Ewing

UK Health Secretary Jeremy Hunt Report in the UK Telegraph Says UK could hold a 2nd Brexit referendum if the UK reaches a deal with the EU on migration control Goodo. Bring it! Can we do it this week? Its slowing down a bit :-D - Here he is

E xit negotiations with the UK cannot proceed on the basis of "cherry picking", or taking only the benefits of membership, Germany's Chancellor Angela Merkel said Tuesday, adding that the country cannot stay in the free market but restrict free

Declines in the pound / dollar exchange rate have faded, has the GBP absorbed the majority of its Brexit hit? The GBP/USD conversion is seen trading at 1.33, having bounced off what has proven to be a remarkably solid point of support - the 1.30

Risky assets are trading firmer across the board leading to some stabilisation in GBPUSD and EURUSD. However,  we remain of the view that both pairs are likely to trade lower in the near-term to 1.30 and 1.09 respectively . EUR shorts are

The big banks are already reflecting a rate cut. Banking shares tumbled in the past few days along with the rest of global markets following Britain's vote to leave the European Union last Thursday. Among investors' concerns are the impact that the