Pound Surges as Brexit Opinion Polls Show Neck-and-Neck Race
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Pound Surges as Brexit Opinion Polls Show Neck-and-Neck Race – FT (subscription)
The British pound powered ahead on Monday morning, carving out one of its biggest rallies of the past decade after the latest opinion polls on Britain’s EU referendum showed rising support for the Remain campaign that put it neck-and-neck with the rival Leave camp.
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Britain in shock after killing of Labour MP Jo Cox
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Britain in shock after killing of Labour MP Jo Cox – FT (subscription)
The fatal shooting of a British MP has shocked the country’s political establishment, bringing an abrupt halt to the increasingly heated campaign for next week’s referendum on UK membership of the EU.
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Global Central Banks Join Chorus of Brexit Concern
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Global Central Banks Join Chorus of Brexit Concern – fastFT (subscription)
First, to the fury of Leave campaigners, it was the Bank of England. But now a premium list of top-flight central banks is expressing nerves around the potential outcome of the UK’s referendum on EU membership.
ECB Ready to Support Markets In Event of Brexit
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ECB Ready to Support Markets In Event of Brexit – WSJ
The European Central Bank stands ready to work with the Bank of England to provide additional liquidity to financial markets if the U.K. votes to leave the European Union next week, a person familiar with the matter said.
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The Lunatics are Running the Asylum
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The Lunatics are Running the Asylum – Profit & Loss
It has been regularly ventured in institutional FX circles that any retail trader looking to make money in FX is crazy – there is an information disadvantage that is not compensated for by the advanced technology available to these traders.
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Seeking to Beat Your Peers? Set Your Alarm For 3 AM
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FX Trader Seeking to Beat Your Peers? Set Your Alarm For 3 AM – Bloomberg
As currency markets get upended by high frequency firms in search of a nano-second’s edge, it’s an established notion in the industry that timing is everything. Now Deutsche Bank AG has found a low-tech way to put that principle into practice: Get up at three in the morning.
Pound Volatility Intensifies for Sixth Week as Brexit Vote Nears
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Pound Volatility Intensifies for Sixth Week as Brexit Vote Nears – Bloomberg
Trader expectations for price swings in the pound climbed for a sixth week to a fresh seven-year high as anxiety about a potential British exit from the European Union gripped investors.
Soros Said to Return to Hands-On Trading
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Soros Said to Return to Hands-On Trading, Sees Market Shifts – Bloomberg
Billionaire investor George Soros has become more involved in trading at his family office, concerned about the outlook for the global economy and the risk that large market shifts may be at hand, according to a person familiar with the matter.
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Draghi Fires Starting Gun on Corporate Bond Purchases
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Draghi Fires Starting Gun on Corporate Bond Purchases in Europe – Bloomberg
The European Central Bank started buying corporate bonds on Wednesday, according to people familiar with the matter.
Tullett Prebon’s Takeover of Icap Faces Probe
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Tullett Prebon’s Takeover of Icap Faces In-Depth CMA Probe Over Oil Business – Daily Telegraph
Tullett Prebon’s attempted takeover of rival Icap’s voice broking business will face an “in-depth” investigation by the competition watchdog, after it raised concerns over their overlapping oil operations.
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