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Monthly archive June, 2016

Daily Report on June 27, 2016

The historic events of Friday have driven the global market into a rough patch. The British pound, is sliding back toward the lows of Friday, early in today’s trading session. This comes after the Pound had recovered slightly from the Read More →

Most Bearish Towards Sterling, Eye $1.2000 Target – Analysts

In the wake of the UK's Brexit vote, there have been no shortage of calls for sterling to fall to $1.2000 in coming months, if not lower.

Indeed, on Monday, the beleaguered currency was still trying to scrape itself Read More →

More GBP selling as invertors continue to digest the aftermath of Brexit

Earlier this morning, in Asia, investor sentiment looked mixed as the major equity indices produced no clear picture but both negative and positive results as sentiment remained overshadowed by Friday’s announced Brexit results.

The United Kingdom voted 51.9% to Read More →

How Has The ‘Brexit-Shock’ Affected Our Economic Forecasts? – Goldman Sachs

A: The most significant change is a sharp cut in our UK GDP forecast by a cumulative 2¾% over the next 18 months, which implies that the economy enters a mild recession by early 2017.

We have also reduced Read More →