Foreign Exchange Insights and Next Week
A Meaningful Financial Market Reaction to the British Vote
July 7, 2016
It was said by proponents of Britain leaving the European Union that predictions of dire financial market and real economic consequences were vastly overstated and that any repercussions would be fleeting and overall inconsequential. Two weeks of post-referendum experience say otherwise. Sovereign debt yields have tumbled, suggesting an elevated risk of recession, the possibility of […] More
Central Bank Watch
National Bank of Serbia
July 7, 2016
Serbia’s central bank policy interest rate was cut to 4.0% today from 4.25%, where such had been since a similar-sized cut in February. The rate was previously reduced by 3.5 percentage points in seven moves during 2015. A statement released by monetary officials today stressed that expected inflation has been falling and that lower inflation […] More
New Overnight Developments Abroad - Daily Update
Investors Less Anxious
July 7, 2016
Investor around the world have grown more accustomed to the prospect of the U.K. leaving the EU. Share prices in the Pacific Rim rose 1.2% in Hong Kong, 1.1% in South Korea and 0.8% in Taiwan but slipped 0.7% in Japan. In Europe, stocks have risen by 1.4% in Britain, 1.3% in France, 1.1% in […] More
