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
