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22 Feb 2016

Sterling down on Brexit concerns - Scotiabank

Analysts at Scotiabank noted the recent declines in Sterling on Brexit fears.

Key Quotes:

"The GBP has come under heavy selling pressure on the day, reversing Friday’s late gains reached in response to PM Cameron’s deal with the rest of the EU; the fact that influential members of the prime minister’s cabinet and senior members of the Conservative party have joined the “leave” campaign has boosted concerns that “’Brexit” risks are very
much alive."
Feb 22, 2016

EUR/GBP faded on split Brexit polls in UK

EUR/GBP met supply at 0.7844 after an opening bullish gap on the weekend news when Sterling came under pressure in a polarized looking referendum on whether to remain in or leave the EU. Some senior cabinet ministers, the Mayor of London and up to 150 of 330 Conservative MPs are reported to be in favour of leaving the EU.
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Feb 22, 2016

G20 to spark major FX moves? - UOB

Noting key releases this week, Analysts at UOB Group explained, US equities closed mixed on Friday, recovering most of their opening losses, whilst US Treasuries saw selling across the curve following stronger than expected CPI data.
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