Sterling volatility has surged to new heights, breaking levels not seen since the financial crisis as new opinion polls support evidence seen last week that the ‘Leave’ camp is nudging ahead in the Brexit referendum campaign.
- Don’t Be Confused Now, Wait for June 21 Before Deciding on “Brexit” – Profit & Loss
- Pound Tumbles, Volatility Jumps After Polls Show Brexit Momentum – Bloomberg
- MPs ‘Considering Using Majority’ to Keep UK in Single Market – BBC
- AEP: ‘Irritation and Anger’ May Lead to Brexit, Says Influential Psychologist – Daily Telegraph
Hillary Clinton won the Puerto Rico Democratic primary on Sunday, moving her a step closer to prevailing over her rival, Bernie Sanders, in the fight for her party’s presidential nomination.
The US economy’s rebound from a weak winter has moved the Federal Reserve closer to raising rates, though last month’s poor employment report might give it pause, a top Fed official said on Monday.
Saudi Arabia’s National Transformation Plan, a pivotal element of the “Vision 2030” reforms announced in April by Deputy Crown Prince Mohammed bin Salman, will be put before the cabinet for approval on Monday, a senior Saudi source told Reuters.
The anti-establishment Five Star Movement’s Virginia Raggi leads the first round of local elections in Rome and may become the city’s first female mayor in a run-off later this month, the latest sign of a populist surge across Europe, preliminary results show.
Europe’s faltering bid to introduce a financial transaction tax has suffered a further blow as officials acknowledged that little headway has been made in the last six months despite finance ministers in December setting a June deadline for a deal.
Remarks by Vítor Constâncio, Vice-President of the ECB, at the ESRB Conference on Macroprudential Margins and Haircuts.
The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR).
McKinsey quietly runs an investment arm for partners but experts warn of conflicts of interest
Chinese appliance retailer Suning Commerce Group is poised to acquire a majority stake in Italian football club Inter Milan, in the latest foray into European sport by a big Chinese company.
Goldman Sachs attracted more than a quarter of a million applications from students and graduates for jobs this summer, suggesting fears of a ‘brain drain’ in the sector may be exaggerated as banks introduce more employee-friendly policies.
Manchester United have retained their status as the club with the most valuable brand in world football despite failing to qualify for next season’s Champions League and a campaign which culminated in the axing of manager Louis van Gaal.
Barely a week after trading was halted at UK-based proprietary trading firm Futex, another London-based company was, according to sources, out touting for fresh business by offering clients 300:1 leverage.
The third wave of deflation that hit the global economy over the past year is passing, with limited damage to the developed world.
“The banks’ role of maintaining this ecosystem of credit and liquidity in the market is not going to change anytime soon,” said John Ashworth, CEO of Caplin Systems.
Far from sending the oil market into gyrations, the run-up to last week’s OPEC meeting kept oil pinned near $50 a barrel and sent hedge funds to the sidelines.
- Saudi Aramco Raises Most Asia Oil Pricing Amid Robust Demand – Bloomberg
- Saudi Arabia Cuts Oil Prices in Europe as Iran Ramps Up Exports – WSJ (subscription)
Reuters has added to the market volatility following the US non-farm payrolls shocker – only 38k jobs were created in May versus the analysts’ consensus for 160k – by flashing that the Swiss National Bank had introduced negative rates.
As was the case with the first batch of OTC market volumes released by FastMatch, Gain GTX and Hotspot FX, three exchanges have reported mixed news in terms of FX turnover in May.