Archive for June 27th, 2016

Foreign Exchange Insights and Next Week

Bad Time for a Market Shock

June 27, 2016

The British referendum result delivered bad news and not merely because it defied street expectations or the widely held view of investors, economists, world leaders, and central bankers that the British, European and world economies would be poorly served by a verdict to take Britain out of the EU.  No time is good for bad news, but […] More

Central Bank Watch

Bank of Israel’s Monetary Policy to “Remain Accommodative for a Considerable Time”

June 27, 2016

Israel’s central bank rate has been at 0.1% since a 15-basis point cut in February 2015, which was preceded by 75 bps worth of easing in each of 2011, 2012, 2013, and 2014.  Nonetheless, current inflation of 0.5% is not expected to rise into target until around the middle of next year.  Projected Israeli growth […] More

New Overnight Developments Abroad - Daily Update

Sterling and European Stocks Extend Slide

June 27, 2016

European markets staggered further from all the political and economic uncertainties unleashed by the Brexit referendum result last week.  Britain has a political vacuum.  PM Cameron speaks to parliament today.  He’s resigned by wants to stay until a Tory successor is chosen at the Conservative annual conference in October.  Markets do not seem to be […] More