06282016Tue
Last update: Tue, 28 Jun 2016 10am

Europe

Markets - FXMM - Europe

Pound slumps to more than 30 year low against dollar LONDON: The pound tumbled Monday to the lowest level in almost 31 years on economic and political uncertainty after Britain voted last week to leave the European Union.At about 0955 GMT, sterling slumped to $1.3222 -- the lowest level since September 1985 -- having rebounded slightly after a similar trough was struck on Friday.Copyright AFP (Agence France-Presse), 2016 ...

Markets - FXMM - Europe

Russian rouble stronger with oil and taxes MOSCOW: The Russian rouble traded stronger early on Monday, with higher oil prices and exporter forex sales for end-of-month tax payments offsetting global market uncertainty linked to Brexit.At 0722 GMT, the rouble was 0.2 percent stronger against the dollar at 65.12 and had gained 0.7 percent to trade at 71.95 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was up 0.8 percent at around $48.8 a barrel.Both Brent and the rouble ...

Markets - FXMM - Europe

Sterling and euro struggle as Brexit shock lingers LONDON: Sterling stayed under siege on Monday, holding above a 31-year low against the dollar, with sentiment distinctly sour after Britain opted to exit the European Union, triggering shockwaves across global markets.The euro was also under pressure, pulled down by sterling, as Brexit clouded the future of the European Union. Safe-haven currencies like the yen and the Swiss franc extended gains, much to the discomfiture of the Japanese and Swiss central banks.Sterling was down 1.8 ...

Markets - FXMM - Europe

Russian rouble, assets fall after Britain backs Brexit MOSCOW: The Russian rouble fell against the dollar as did Russian stocks on Friday, tracking global markets and the oil price lower after Britain voted to the leave the European Union. The rouble was up slightly against the euro however, and its fall against the dollar was less severe than some emerging market peers. At 0740 GMT, the rouble was 2.4 percent weaker against the dollar at 65.39 but had gained 0.2 percent to 72.51 ...

Markets - FXMM - Europe

Swiss franc cedes ground as SNB confirms FX intervention LONDON: The Swiss franc retreated on Friday from its highest level since last August against the euro, after the Swiss National Bank confirmed it was intervening in the currency market to stem its rise. The franc, treated as a safe-haven currency during times of financial market turmoil, had risen after Britain voted to leave the European Union in a historic decision earlier in the day. The euro recovered to trade 0.6 percent lower on the ...

Markets - FXMM - Europe

Yen slips as Japanese policymakers ratchet up intervention rhetoric LONDON: The yen retreated further from more than two-year highs against the dollar on Friday, after Japanese authorities hinted at the possibility of intervention in the currency market. The dollar traded at 103.08 yen, up around 2.8 percent on the day, compared with 102.75 before a slew of comments from senior Japanese officials. Japanese Finance Minister Taro Aso said Prime Minister Shinzo Abe had instructed him to cooperate with the Bank of Japan and closely ...

Markets - FXMM - Europe

Disbelief, chaos as traders grapple with Brexit vote SYDNEY: Disbelief and shock hit financial trading rooms on Friday as Britain voted to leave the European Union in a decision that sparked upheaval across Asian markets.Sharemarkets in the region spiralled into the red after early forecasts during morning trade that Britons would choose to stay in the grouping gave way to results pointing towards an exit."We all read the same information, we all watch the same screens and clearly the betting companies didn't have ...