07012016Fri
Last update: Fri, 01 Jul 2016 11pm

Europe

Markets - FXMM - Europe

Sterling rises for second day, market eyes Brexit politics LONDON: Sterling rose for a second day on Wednesday, helped by rising stock markets, although lingering concerns over UK growth and investment after Britain's vote last week to leave the European Union were likely to limit gains. Investors were taking some reassurance from the fact that British politicians were not rushing to trigger the Article 50 mechanism for a state to leave the EU, despite European leaders telling Britain to act quickly.Two British opposition lawmakers were starting to push for a second Brexit referendum, and traders said that given the political uncertainty and leadership battles within the ruling Conservative Party and opposition Labour, investors were likely to stay cautious.The pound rose 0.6 percent to $1.3413, having risen 0.8 percent on Tuesday, with traders citing offers to sell the currency at $1.3450 and $1.35. It plunged 11 percent after the British referendum to a 31-year low of $1.3122 on Monday.The euro ...

Markets - FXMM - Europe

Yen gains as relative calm descends on currency markets LONDON: The yen gained on Wednesday as a sense of relative market stability helped sterling and the euro hover above their post-Brexit lows, though the battered European currencies remained hampered by longer term uncertainty. Sterling and the euro had slid, and the safe-haven yen had surged, after Britain's decision to leave the European Union sent shockwaves around markets on Friday, and that volatility persisted into Monday. But it eased off since then in the absence ...

Markets - FXMM - Europe

Sterling claws back some ground after hitting 31-year low LONDON: Sterling clawed back some ground against the dollar and euro on Tuesday but in the context of an historic 11-percent fall after Britons voted last week to leave the EU, analysts said this was merely a pause rather than the start of any upward trend.The pound's rise, more than 1 percent at one point, would under normal market conditions be considered a decent rebound, but the move seemed modest, given that Thursday's Brexit referendum ...

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 ...