George Osborne
Chancellor George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge posed after Britons voted to leave the European Union. "We are absolutely going to have to provide fiscal security to people, we are going to have to show...
Stocks Trader
British shares rebounded on Tuesday led by banks and travel stocks which were the hardest hit in the two-day post-Brexit slump. The FTSE 100 rose 2.3 percent to 6,117.22 by 0811 BST, with every stock in positive territory in early trading. The index fell more than 5 percent in the two...
Currencies
The dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound. The euro was little changed at $1.1042, having put a...
Petrochina Oil
Oil prices fell about 2 percent on Monday, weighed by a rallying dollar and continued market uncertainty over Britain's shock vote to exit the European Union. Brent and U.S. crude futures have lost about 7 percent since Thursday's settlement after the so-called Brexit vote sent global risk assets plummeting on...
US Stock Market Traders
DailyFX.com Talking Points Dow Jones Industrial Average (DJIA) fell towards a support zone near 17,300 DJIA technical picture remains bullish for the time being Considering buying a dip above 16,500 in the void of program selling In the wake of the Brexit vote calling for UK to leave the EU, global...
Euro Vs Poud
The negative trend on sterling continued on Monday and the cross rose to levels unseen since March 2014. London - The EUR/GBP cross rocketed 3% higher to trade around £0.8330 heading into the US session, as the GBP/USD pair was hammered once again on Monday and the pound dropped to...
Stocks In Red
Stocks in Europe extended their losses on Monday, with the UK's FTSE index dragged down by huge falls in the financial sector. London - Stocks in Europe were trading deep in negative territory on Monday, with shares in London dropping due to steep falls in the banking sector amid ongoing...
British Pound
British 10-year government borrowing costs sank below 1 percent on Monday for the first time ever and sterling tumbled to a fresh 31-year low against the dollar as investors bet Britain's vote to leave the EU will trigger a Bank of England rate cut. Billions of pounds were wiped off...
London, UK
Shares in Britain's top banks suffered further deep losses on Monday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about Britain's decision to quit the European Union escalated despite calls for calm from British finance minister George Osborne...
Forex Trader
Earnings on UK sovereign debt have been falling on Monday amid a buoyant gilt-buying frenzy, as investors rush to safety amid political and economic uncertainty stemming from the vote for Brexit, and despite Moody's recent downgrade of its outlook for the UK. London - Yields on the UK's 10-year benchmark...