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Day: June 17, 2016
June 172016
New Zealand Dollar Gets Little Help from GDP Data
New Zealand gross domestic product rose more than analysts had expected, but that provided little help to the nation’s currency. The New Zealand dollar barely moved against is major rivals after the report and is trading not far from the opening level currently. GDP grew 0.7% in the March quarter compared to the analysts’ average forecast of 0.5%. Global Dairy Trade price index showed no change […]
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June 172016
Pound Remains Firm After Bank of England Meeting
The Great Britain pound remained relatively firm following yesterday’s policy meeting of nation’s central bank. As it was expected, the Bank of England kept its monetary policy unchanged. The BoE maintained the Bank Rate at 0.5% and the size of the asset purchase program at £375 billion. Unsurprisingly, the central bank’s members were concerned about the prospects for the Brexit, saying: The outcome of the referendum continues to be the largest immediate risk facing UK financial […]
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June 172016
Pound Rebounds After Attack on Pro-EU Lawmaker
The Great Britain rose today following the attack on the pro-EU lawmaker that resulted in speculations about possible rise of “Bremain” votes. British Member of Parliament Jo Cox, a vocal supporter of Britain staying in the European Union, was shot dead yesterday. The tragic event resulted in speculations that emotional response will push some Britons to the “Remain” camp in the voting for the future of the United Kingdom. The EU referendum campaigns were suspended after the news. […]
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