Opinion – Wednesday 29 June 2016

Whether it is near to end-Quarter rebalancing or just some short-term perceived value after the knee-jerk post-Brexit sell-off, risk appetite had something of a positive trading session which has continued overnight and early this morning with equities and top-tier...

Opinion – Tuesday 28 June 2016

Risk assets took another pounding yesterday as the UK decision to leave the EU continues to rock financial markets. Equity markets on both sides of the Atlantic ended the day sharply lower, the British Pound fell another 3.6% and demand for safe haven boosted Gold and...

Opinion – Monday 27 June 2016

Somewhat remarkably, the UK stock market recovered smartly from its opening crunch with the FTSE closing down -3.1% having been down 8.7% after the market opened despite falls of 20% in the share prices of Lloyds, Barclays and RBS. GBP/USD which had tested 1.32 from...

Opinion – Friday 24 June 2016

In one of the biggest shocks to hit markets in many years Britain has voted to leave the EU in yesterday’s Referendum. This ‘no vote’ saw Pound trade to its lowest level against the US Dollar since 1985. The biggest surprise in all of this was the fact that the...

Opinion – Thursday 23 June 2016

All eyes will be on the UK this morning as voting gets underway for the EU Referendum where despite the narrowing in the last polls before the vote I still expect Britain to stay in the EU when we get the first official exit poll shortly after 10.00 pm this evening....

Opinion – Wednesday 22 June 2016

Ahead of tomorrow’s UK EU Referendum, Fed Chair Janet Yellen’s Testimony to the Senate Banking Committee was the second big event of the week. Unsurprisingly, however we got a similar message to the one we got from last week’s FOMC. Ms Yellen still believes economic...