I don’t think there is anyone out there who
doesn’t think the FX market performed well under the stress of the surprise
outcome from the UK referendum last week, but I suspect the real test is only
I am sure, like me,
you have been bombarded with ‘expert’ analysis since the UK’s vote to exit the
European Union, therefore I have decided not to over-burden everyone with more
‘expert’ analysis (yes I know thanks, no need ...
Well the day has (finally) arrived and
tomorrow everyone will know the result – and as well as the Norges Bank
monetary policy announcement the UK referendum result will be out as well.
In other words, I’m referendum-ed out and
I was discussing FX market price action with
someone last week, following my question filled midweek column and, as is often
the case when people of a (ahem) certain
generation talk, it was inevitable that someone, at some stage, would ...
The good news is that
in just eight days’ time we will know the result of the UK’s EU referendum
(still no “B” word in this column) which means that some of the silliness will
exit the market – at ...
Inevitably, nervousness has increased in sterling financial markets as the EU Referendum nears. The pound has traded erratically and generally quite poorly, while the UK stock market has taken a bit of a tumble. The belief is that should the ...
The sharp Sterling move we reported last
week, and I discussed in the midweek column, seems to have adequately spooked
people, for liquidity in the market has apparently dropped off a cliff.
Dealing sources tell me that spreads have
*This column refuses to use the “B”
word…even though we are about to discuss it – but it does quote a Matthew
Earlier this week we were given the first
real example of how difficult the next two ...
While I am a very public supporter of the
FX Working Group’s work on the global Code of Conduct I continue to be vexed by
the adherence and governance piece.
I understand fully that Rome wasn’t built
Given my public antipathy to the benchmark
process, especially the 4pm London Fix, you could reasonably expect me to
exhale a resigned sigh upon news that yet another Fix has been added – and
you’d be wrong.
The ECB has ...