06262016Sun
Last update: Sun, 26 Jun 2016 04pm

Europe

Markets - FXMM - Europe

Sterling rallies as Brexit worries ebb, yen drops LONDON: Sterling jumped nearly 2 percent against a trade-weighted basket of currencies on Monday after opinion polls swung in favour of the campaign for Britain to stay in the European Union, boosting risk sentiment and sending the safe-haven yen tumbling. The implied probability of a "Remain" vote in Thursday's referendum rose to around 78 percent after falling as low as 60 percent last Thursday, according to odds from gambling website Betfair. Trade-weighted sterling rose 1.9 percent to 86.9 while against the dollar, sterling was up 1.8 percent at $1.4630. It earlier hit $1.4673, its highest in three weeks, as it extended a recovery from Thursday's more than two-month trough of $1.4013. The rise put sterling on track for its best one-day performance in seven years. The pound jumped 2.5 percent to 152.92 yen, pulling away from a three-year trough around 145.34 also set on Thursday. The euro fell 1.5 percent ...

Markets - FXMM - Europe

Sterling in biggest one-day gain for 7 years as Brexit fears ease LONDON: Sterling soared 2 percent against the dollar on Monday, putting it on track for its biggest one-day gain for more than seven years, as worries eased that Britain might vote to leave the European Union at a June 23 referendum.Campaigning for the vote resumed on Sunday after a three-day hiatus following the killing of a pro-EU lawmaker. Three opinion polls at the weekend showed the "Remain" camp gained momentum, but the overall picture was ...

Markets - FXMM - Europe

Russian rouble rises on higher oil prices, reduced Brexit fears MOSCOW: The Russian rouble opened stronger on Monday, buoyed by higher oil prices and a perception that the risk of Britain leaving the European Union was receding.At 0705 GMT, the rouble was 0.7 percent stronger against the dollar at 64.41 and had gained 0.2 percent to 73 versus the euro.Three opinion polls ahead of Thursday's vote in Britain showed the 'Remain' camp recovering some momentum, though the overall picture remained one of an evenly split ...

Markets - FXMM - Europe

Sterling hedging costs hit record highs as Brexit vote looms LONDON: The cost of hedging against sharp swings in sterling over the next week rose to a record high on Friday as the contract rolled over to capture the date for Britain's vote on whether to stay in the European Union. In the spot market, sterling recovered from 10-week lows against the dollar as both sides suspended their campaigns after a pro-European Union British lawmaker was killed on Thursday. Some analysts said the killing of ...

Markets - FXMM - Europe

Poland not considering FX intervention in case of Brexit WARSAW: Poland does not plan to intervene on the foreign exchange market to defend its zloty currency should Britain vote to leave the European Union, state-run state agency PAP quoted Finance Minister Pawel Szalamacha as saying.Britons vote on June 23 on the future of their membership of the European Union, with one poll on Thursday showing 53 percent would vote to leave the bloc. Large numbers of Poles live in Britain, and although Polish direct ...

Markets - FXMM - Europe

Sterling, euro recover as chance of Brexit seen falling LONDON: Sterling rose half a percent in early London trading on Friday and the euro added to gains in the past 24 hours on expectations that the killing of a pro-EU British lawmaker may alter the balance of opinion in Britain's referendum on EU membership. Speculation was rife among traders after the murder of Jo Cox on Thursday that Prime Minister David Cameron might push back the vote due to take place on June 23.There ...

Markets - FXMM - Europe

Sterling falls to day's low after BoE statement, latest Brexit poll LONDON: Sterling hit a day's low against the dollar on Thursday, after another poll showed more Britons will vote to leave the European Union than stay next week and the Bank of England warned the pound may fall sharply in response. Sterling fell to $1.4100, down 0.7 percent on the day, compared with $1.4135 before the poll was released. It was flat at 79.27 pence per euro. The Survation poll, coinciding with the bank's post-meeting ...