06302016Thu
Last update: Thu, 30 Jun 2016 01pm

Europe

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 has been no such signal from Downing Street, but either way some traders think the murder will turn the tide of public opinion after a series of polls showed the "Leave" campaign moving ahead.Concerns Britain would send a shockwave through global financial markets and European politics by voting to leave the 28-country bloc have prompted a flood of money into traditional safe havens such as the yen and the Swiss franc."For now the bounce is ...

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 ...

Markets - FXMM - Europe

Yen soars after Bank of Japan refrains from further easing LONDON: The yen surged by more than 2 percent against the dollar on Thursday to hit a 22-month high, after the Bank of Japan held off from expanding its monetary stimulus programme and the US Federal Reserve struck a cautious tone. The safe-haven yen, which also hit multi-year highs against the euro and sterling, has climbed 7 percent against the dollar since the start of June as worries that Britain could vote to leave the ...

Markets - FXMM - Europe

Yen soars as Bank of Japan holds off from further easing LONDON: The yen surged by more than 2 percent against the dollar on Thursday to hit its strongest level in almost two years, after the Bank of Japan held off from expanding its monetary stimulus programme.The safe-haven currency, which also hit multi-year highs against the euro and sterling, has climbed around 7 percent against the dollar since the start of June as worries that Britain could vote to leave the European Union in a referendum ...

Markets - FXMM - Europe

Russian rouble falls as Brexit fears weigh on oil MOSCOW: The Russian rouble fell on Thursday morning, tracking the price of oil which is slipping lower on fears Britain might leave the European Union.At 0740 GMT, the rouble was 0.6 percent weaker against the dollar at 65.92 and had lost 0.5 percent to 74.27 versus the euro.Brent crude oil, a global benchmark for Russia's main export, was down 1.6 percent at $48.2 a barrel, which traders said reflected concerns a vote for Brexit would ...

Markets - FXMM - Europe

Pound dips as poll shows 53 percent favour Brexit LONDON: Sterling fell by around a third of a percent on Thursday as the tightly-fought campaign on Britain's referendum on EU membership entered its final week and the latest polling showed the "Leave" camp in front.An IPSOS-MORI poll for London's Evening Standard newspaper showed 53 percent would vote to leave next Thursday and bookmakers now put the odds of a decision that would send a shockwave through global financial markets at almost 40 percent.The pound, ...

Markets - FXMM - Europe

Higher stocks dim allure for safe haven yen, Fed meeting awaited LONDON: The safe-haven yen and Swiss franc lost ground on Wednesday as risk appetite recovered, although most investors were on the sidelines before a Federal Reserve policy decision later in the day. European stocks rose early on Wednesday, while China's stock market saw the biggest gains in two weeks, shrugging off MSCI's decision not to add mainland shares to one of its key benchmark indexes. The Fed concludes its two-day Federal Open Market Committee (FOMC) ...