Search Results for: dollar
Oil slips after small U.S. drawdown; seen choppy before Brexit vote
June 23rd, 2016
Oil prices slipped on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain’s upcoming vote on whether to stay in the European Union. Crude futures rose in early trading, with global benchmark ...
Currency traders would likely dump the pound in the event of a Brexit
June 23rd, 2016
If the U.K. voted to exit the European Union (EU), currency traders would likely dump the pound and send funds into the dollar, FX pros said. The Brexit referendum, which will decide whether the U.K. remains in the 28-member ...
Pound Rises to Highest in 2016 Hours Before Brexit Vote Begins
June 23rd, 2016
Polls had indicated vote on EU membership is too close to call Foreign-exchange traders are bracing for heightened volatility The pound climbed to the strongest level this year as the U.K. prepares to vote on membership of the European ...
What will the EU referendum mean for markets?
June 22nd, 2016
The opposing sides of the EU referendum campaign have each laid claim to the key issues surrounding a potential Brexit. The two camps have traded blows over sovereignty, economics and the political ramifications of leaving. But what are the ...
International Telecom Group offices raided over money laundering and tax fraud suspicion
June 22nd, 2016
Nineteen people have been arrested and nine of them charged with money laundering after BuzzFeed News revealed Lycamobile’s “deeply suspicious” cash movements. The Conservative party’s biggest donor, the telecoms giant Lycamobile, has been raided by French police on suspicion ...
Oil prices above $50, buoyed by U.S. stock draw
June 22nd, 2016
Oil prices rose in Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw on stocks. U.S. crude futures’ August contract, the ...
Pound Approaches 5-Month High as Odds Show U.K. to Remain in EU
June 22nd, 2016
Gauge of sterling heads for best week since October 2009 Pound’s two-week implied volatility falls from record high The pound approached a five-month high against the dollar as bookmakers’ odds indicated a growing probability Britons will vote to remain ...
Brexit Rules The Week
June 21st, 2016
The Brexit vote is this Thursday, so nothing else matters until then. And polls, just to make it even more stressful, have it neck and neck. See Brexit poll tracker back to even at 44-44. While we’re waiting, let’s ...
Asia shares rise, sterling steadies ahead of Brexit vote
June 21st, 2016
Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week’s referendum. MSCI’s broadest index of Asia-Pacific shares outside ...
European hedge funds say a Brexit is not happening
June 17th, 2016
While the rest of the world wonders whether the U.K. will vote to leave the European Union, one group is confident it will not. Europe-based hedge funders overwhelmingly indicated in a recent survey that they believe a Brexit won’t ...
