Search Results for: Brexit
Bank of England: Bank Rate held at 0.25%
August 7th, 2017
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 2 August 2017, the MPC voted ...
US Dollar Weakens While Commodities Rise in July
August 7th, 2017
The month of July was dominated by US dollar weakness, geopolitical tensions, the European revival and a strong commodity price rebound The month of July was dominated by five key themes; US dollar weakness, geopolitical tensions, the European revival, ...
Gibraltar Stock Exchange announces a new shareholder
August 4th, 2017
GSX Group Limited, the parent of GSX Limited, which operates the Gibraltar Stock Exchange, has issued a press release to announce a new shareholder, Cyberhub Fintech Holdings Limited. Following the approval of the Gibraltar Financial Services Commission, Cyberhub Fintech ...
FCA published the findings from the 2017 survey of FCA-regulated firms
August 4th, 2017
The Financial Conduct Authority (FCA) and the FCA Practitioner Panel have published the findings from their 2017 survey of FCA-regulated firms. The survey gives a view across the financial services sector of the FCA’s performance as a regulator. It ...
UniCredit: Pound to Euro Rate Forecast at 1.05 in Coming Months
August 4th, 2017
Foreign exchange analysts at UniCredit Bank have announced a sizeable upgrade to their forecasts for the Euro saying the currency is finally starting to recover from years of undervaluation. The Italian lender have as a result upgraded their targets ...
Euro’s rally might receive a further boost
August 1st, 2017
A snowball effect: Euro to strengthen against Pound Sterling as Eurozone investors are forced to hedge against an unexpected strengthening of their currency. Analysts at BNP Paribas have warned their clients that the Euro’s rally might receive a further ...
Why economists cannot forecast recessions
July 28th, 2017
The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should ...
“Time to Sell” Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strategists
July 26th, 2017
It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week. The call by Vamvakidis comes as momentum against ...
Yen advanced, Euro and Australian dollar rose
July 25th, 2017
Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines. The MSCI Asia Pacific Index fluctuated near a 10-year ...
UK introduces measures ending the supremacy of EU Law
July 14th, 2017
The UK government has begun the technical process of extricating the UK from the European Union by introducing a 66-page measure ending the supremacy of EU law. As expected, the European Union (Withdrawal) Bill would repeal the European Communities ...
