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The prospect of a second referendum in Scotland must be on the table, as Brexit does not represent the option that the majority of people in the country voted for, Scotland's First Minister Nicola Sturgeon said on Friday morning in the wake of the

This year’s USD dynamic in our view resemble a familiar ‘smile’ pattern whereby the dollar strengthened on the initial dip in risk appetite early in the year, weakened as the Fed turned more dovish and should start strengthening again as the economy

PIMCO on the Brexit vote and what it means for BoE policy in the near and medium terms: Near term: The UK economy will be pulled lower by uncertainty We expect the Bank of England to cut the official interest rate to zero If it feels the need to do

The vote to leave the European Union boosted euroskeptics around the bloc, as they stepped up their calls to leave the bloc or its euro currency. "I congratulate the British people for beating the political elite in both London and Brussels and I

The pound sterling crashed to a 30 year low following the shock news that the UK had voted to exit the European Union. We hear from two Swiss banks as to where they see GBP/USD settling. The vote was a massive shock to traders who had only 24 hours

 At its June rate meeting Bank of England members stressed the risks not only to the UK economy but the world financial system of breaking away from our European cousins  The pound fell against most counterparts on Thursday after more

The long awaited speech is out and it's a dud Laudatio for Theo Waigel Speech by Mario Draghi, President of the ECB, in honour of Dr. Theodor Waigel at SignsAwards in Munich, 17 June 2016 James Freeman Clarke, a 19th century theologian, once observed

Analysts at JPMorgan attempt to sift through the polls Cable squeezed higher late in trading on Friday but sank a half-cent from the highs, in part because JPMorgan analysts released a report arguing that the 'leave' side truly is ahead. "Our

After several months of market volatility and anxious observation of the pre-referendum polls,  FX investors will finally have an answer to the question: Brexit or Bremain? Our central case still is that a Brexit will be avoided. If confirmed

Central banks are ready to intervene if Britain votes to leave the European Union (EU) at a referendum next week, ECB Governing Council member Ignazio Visco was quoted as saying on Saturday . The prospect of the closely-contested vote, which will

he UK’s EU referendum on Thursday (23 June) will be the main focus in the week ahead, but we also highlight other developments within the G10 FX bloc. After this week’s relatively dovish FOMC meeting, we think the USD looks vulnerable to a further

The Bear is Back.  The USD pause we called for last week has been short-lived, as bearish spirits have returned to global markets, and FX has been no exception. As we approach the long-awaited Brexit vote, uncertainty is rising regarding a 

A long bullish candle formed on GBP/EUR at the close of the week 13-17 June, and this may be the first sign of a broader recovery envisaged by analysts at Lloyds and Nordea Bank. The longer-than-average bullish day's range which formed on

 This past week was huge for the Federal Reserve. On Wednesday, the Federal Reserve kept interest rates at 0.25%-0.50%. The Fed also cut its outlook for the economy and the future path of interest rates. But it is this final projection, the

Société Générale on their strategy to trade the UK Brexit Referendum The UK referendum is less than a week away. Opinion polls are following the Scottish pattern and moving back a bit in favour of the status quo as the final week of campaigning

The GBP/EUR exchange rate has powered ahead by over a percent today confirming our base-case scenario that the currency should trade with a bullish in the run up to the UK's EU referendum on Thursday. The move higher in sterling-euro actually started

Latest Buba monthly report Expects a sharp slowdown in the German economy in Q2 before rebounding in the second half of the year Volatile 1st half disguises robust fundamentals ECB must normalise as soon as inflation is on track Undesired effects of

Overnight risk sentiment improved. In G10 FX the GBP was among the strongest currencies, mainly on the back of rising expectations of this week’s referendum resulting in the UK remaining part of the EU. According to the latest Survation poll, which

GBPUSD should remain bid for now, with  a chance of testing levels around 1.50. However, this pre-vote rally would provide a selling opportunity with a target of 1.35  reached under the condition of Britain staying with the EU, but

EUR to quickly follow GBP lower on Brexit: While market focus has been on the extent to which Sterling would be expected to fall in the immediate aftermath of a vote for ‘Brexit’ and likely safe-haven flows into the likes of JPY, USD and CHF, there