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20 Jun 2016

GBP continues to recover - BNZ

Jason Wong, Currency Strategist at BNZ, notes that the GBP continued to recover from its lows reached late last week and was the strongest currency on Friday, with GBP/USD up 1.1% to 1.4358.

Key Quotes

 “Sentiment for “Remain” has improved since the murder of pro-EU MP Jo Cox. The first opinion poll conducted since that tragedy for the “Mail on Sunday” showed the Remain camp in the lead by 45% to 42%. The Survation telephone poll previously had the Leave camp in front. Betting odds show 74% for “Remain”, up from a low of 61% on Thursday.”

Jun 20, 2016

Bundesbank Report: Expect a sharp slowdown in the German economy in Q2

The German central bank, Bundesbank (Buba) published its latest monthly report on Monday, noting that it expects German economy to slowdown in Q2. Ke
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Jun 20, 2016

GBP soars on falling “Leave” odds – RBC CM

Sue Trinh, Senior Currency Strategist at RBC Capital Markets, suggests that it was very much “risk-on” overnight thanks to a huge rally in GBP of almo
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