The Bank of England (BoE) is expecting that some “monetary policy easing will likely be required over the summer” as the “economic outlook has deteriorated” on the back of the UK voting to leave the EU, the BoE governor Mark Carney said in a speech today at the Bank.
Euro-area manufacturing grew faster than initially estimated in June, recording its best performance this year.
Oil prices rebounded in the second quarter after a historic two-year rout, boosted by a weaker dollar and a number of supply outages from Canada to Nigeria.
AITEC and the Alternative Investment Management Association (AIMA), the global representative for alternative asset managers, today have launched a co-branded Illustrative Questionnaire for Due Diligence of Vendor Cyber Security.
The first six months of the year is turning out to be a period hedge fund managers want to forget.
The first three platforms to confirm data for June show that FX volumes rose across the board driven, of course, by activity around the UK’s vote on European Union membership. FastMatch recorded average daily volume (ADV) of $16.1 billion in June, its highest yet, 29.4% above its previous high of $12.6 billion set in October and November 2014.
Risk aversion generated by the Brexit vote has seen Scandinavian currencies more than others coming under pressure along with sterling. In particular, the Norwegian krone and Swedish krona have been hit by the downward trend. However, market analysts contacted by P&L suggest the move might not last.
The South Korean won ended at a near two-month high on Friday, fully recovering losses from the surprise Brexit vote as the market was supported by broad risk sentiment.
Stock markets in emerging nations are showing dramatic signs of recovery one week after the British public voted to leave the European Union. Financial markets are regaining calm across the globe, but some trouble spots remain.