Chinese Stock Market
Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent in late afternoon trade, while spreadbetters...
George Soros
George Soros, the billionaire who earned fame by betting against the pound in 1992, said that a British vote on Thursday to leave the European Union would trigger a bigger and more disruptive sterling devaluation than the fall on Black Wednesday. Soros used Quantum Fund in 1992 to bet successfully...
Great British Pound Currency
The British pound posted its strongest daily increase against the US dollar since 2008 after some opinion polls showed that momentum had shifted back in favor of those who want Britain to remain in the European Union, with three days to go before a referendum on the issue. London -...
Brexit Vote Remain
British shares rallied on Monday as renewed hope that Britain would vote to stay in the EU spurred investors bank into risky assets. Royal Bank of Scotland Group Plc jumped 6.4 percent, leading the FTSE 100 up 2.1 percent by 9:00am in London. Lloyds Banking Group Plc advanced 4.9 percent, retail broker...
Stocks Up
US equity futures are suggesting a sharply higher open on Monday as traders are becoming more confident that the UK referendum will show a victory for the 'Remain' camp. New York - US stocks are heading for a positive market open on Monday, amid global optimism that Britons will avoid...
Brexit In Campaign
Carmakers and football chiefs threw their weight behind the campaign for Britain to stay in the European Union on Monday, as opinion polls showing the "Remain" camp gaining ground buoyed shares and sterling three days ahead of the referendum. A senior politician also announced she was defecting to the Remain...
City of London
Global stocks rose on Monday and sterling strengthened broadly while safe-havens including the yen and gold retreated, after polls showed support for Britain staying in the EU regaining momentum before Thursday's referendum. Sterling has been at the sharp end of worries Britons will vote to leave the European Union, and...
Brexit Vote Remain
Public opinion polls and betting odds suggest the 'Remain' camp is back in the game at the start of the final week ahead of the June 23 EU referendum. London - Betting odds on the 'Remain' camp have shortened at the start of the final week ahead of June 23...
Brexit
The moment of truth is about to be revealed. After weeks of analyzing voting polls and volatile markets, in couple of days we’ll get to know the outcome of UK’s referendum on EU membership when Britons head into polls on Thursday. A divorce will come at a price, in fact...
Great British Pound Currency Euro
Markets remain focused on the UK referendum and its implications for asset prices. In the past two weeks, ‘Brexit risk premia’ have been priced into UK and foreign assets, and we expect risk to continue to underperform till June 23. Past the date of the referendum, asset prices are likely...