Articles tagged by Brexit
Continued market uncertainty following the UK’s
vote to leave the European Union vote has led to a flight to safe haven
currencies and raised questions about the future of financial regulation,
although corporates appear to be coping well with ...
aversion generated by the Brexit vote has seen Scandinavian currencies more
than others coming under pressure along with sterling.
particular, the Norwegian krone and Swedish krona have been hit by the downward
trend. However, market analysts contacted by ...
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 ...
Societe Generale Prime Services’ CTA
Indices show positive performance for commodity trading advisors in the two
full days of trading after the UK referendum results – Friday 24 June and
Monday 27 June.
In the immediate aftermath of the result
on Friday, when ...
FXSpotStream (FSS) is the latest multibank FX
platform to report record trading volumes following the spike in activity
caused by the UK’s referendum decision to exit the European Union.
In June, FSS recorded
a new all-time service record for ...
Britain’s decision to leave
the European Union (EU) will have little or no impact on ISDA agreements, legal
experts said on a webinar last week.
Speaking about the
impact of the Brexit decision on the legal framework for derivatives ...
With the dust having
settled somewhat following the UK’s historical referendum decision to leave the
European Union, there are some clear winners and – unfortunately – some losers
emerging in the aftermath.
It should be noted
that this list is by ...
The UK’s referendum
decision to leave the European Union has led to wild swings in the valuation of
sterling, and caused significantly increased volatility in many other
But while analysts,
strategists and economists will spend the next few ...
A further deterioration in investor appetite for UK assets,
together with a potential rise in the number of vulnerable households and
increased fragility in financial markets are among the main risks that the
Financial Policy Committee of the Bank of ...
thirds of small businesses in the UK are exposed to currency risks following
the Brexit vote, according to East & Partners, a banking market research
and analysis firm.
The firms’ research
shows that in the first half of 2016 all “...
Michael Spencer, the group CEO of Icap, claimed to be
“cautiously optimistic” about his firms’ future prospects despite heightened
uncertainty surrounding the macroeconomic outlook for the UK and the global
In a trading statement for the period April 1 2016 to ...
The FX industry proved resilient in the
wake of the volatility caused by the Brexit vote while also illustrating the
changing nature of liquidity within the market, according to speakers on a Profit & Loss webinar last week.
“One of the ...
In a surprise move the Bank of England’s Monetary Policy
Committee overwhelmingly voted to maintain bank rates at 0.5% Thursday,
although it said it expects to take some stimulus measures in August.
At its meeting ending July 13, the MPC voted ...
The average daily
input value submitted to CLS was $5.19 trillion in June, up 12.6% from the
previous month and up 3% year-on-year.
Average daily input
volume submitted to CLS, combining the settlement and aggregation services, was
1.16 million in June.
This represents a
The Bank of England (BoE) will not ease interest rates just
to appease the expectations of the market or to reassure consumers and
businesses following the Brexit vote, warned Martin Wheale, an external member of the Monetary Policy
Committee (MPC) ...
FlexTrade Systems opened an office in Frankfurt,
Germany, in order to offer local sales and service to the company’s growing
German-speaking client base.
The new office will be in the same building as the
Frankfurt stock exchange.
“The initial ...
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously in favour of a 25 basis point cut in Bank Rate to 0.25%.
It also voted for a new Term Funding Scheme to reinforce the pass-through cut in Bank ...
Expect further rate cuts from the Bank of England (BoE) as Governor Mark Carney shows that he is willing to let sterling continue depreciating, say analysts.
“The package of stimulus announced by the Bank of England has prompted a significant ...
Financial regulations, particularly for
benchmarks, are likely to be materially aligned in the UK and rest of Europe by
the time Brexit is completed, however obtaining “equivalence” status for the UK
might not be quite as straightforward, a number of ...
The average daily input volume of instructions submitted to CLS,
combining the settlement and aggregation services, fell 9.7% month on month in
July, standing at 1,050,046.
However, year on year volumes were less changed,
decreasing by just over 1.7%.
Meanwhile, the average daily ...
The UK referendum on European Union
membership brought with it a wave of volatility and uncertainty, however FX
markets have rather settled back since the initial shock. Implied volatility
levels are at almost two year lows – lower in fact that ...
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously to maintain the measures it introduced in its Brexit-induced stimulus package announced in August.
This means that it will hold the Bank Rate at 0.25% and continue with the programme of sterling non-financial investment-grade corporate bond purchases totalling up to £10 billion, financed by the issuance of central bank reserves.
The MPC also voted unanimously to continue with the programme of £60 billion of UK government bond purchases to take the total stock of these purchases to £435 billion, financed by the issuance of central bank reserves.
Data from CLS shows that its average daily input volumes for August were down 15.9% month-on-month, which is consistent with a broader decline in trading activity across the multibank FX platforms last month.
The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 883,368 in August, down from 1,050,046 the previous month and the 1,170,313 recorded in August 2015.
However, average daily input values were flat – down just 0.2% month-on-month to $4.68 trillion from $4.69 trillion in July 2016.
Managing FX volatility is the most common problem facing small and medium enterprises (SMEs) when making international payments, according to a new survey from Afex.
Of the more than 500 SME respondents to the survey, 43% cited managing FX volatility as the biggest challenge to making international payments, which Afex claims highlights the role that the range of hedging products has in helping firms to manage their FX exposures.
The next biggest challenge, according to the survey results, was the cost of making payments and ensuring that payments are made correctly, which 26% and 18%, respectively, cited in their responses.
UK small- and medium-sized businesses (SMEs) remain exposed and unprepared for the economic impact of the Brexit vote on their FX costs, according to a survey by EarthportFX, a cross border payment network.
Despite the fact that 77% of survey respondents acknowledged the need to change their approach towards foreign exchange hedging in the face of highly volatile currency markets and the depreciation of the pound following the UK's decision in June to leave the EU, 80% admit they have made no changes to their hedging strategies.