The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
Sterling rose against the dollar for the first time in three sessions, ending its biggest two-week drop in more than seven years on Monday after U.K. authorities announced measures to keep the economy afloat while the country makes plans towards exiting from the European Union.
There is a heavier news schedule this week, which includes input from central banks concerning the USD, GBP and AUD, as well as the key U.S. Non-Farm Payrolls data sequence.
After the initial blow of Brexit, markets breathed a slight relief by the end of last week with both U.S. and global markets bouncing back from its initial self-off.
To the complete surprise of journalists and Brexit supporters, former London mayor Boris Johnson pulled out of the race to become Britain's prime minister Thursday.
Market volatility following last week’s Brexit has settled down somewhat and global markets seem to be holding steady.
Asia stocks rose on Thursday, following an overnight Wall Street ally while the safe-haven Japanese yen was held steady as global markets regained composure after the Brexit jolt.
In the aftermath of the UK’s decision to head for the exit of the EU (and, as they say, it ain’t over until the fat lady sings…) external agencies have been assessing what that decision means as regards the creditworthiness of the nation.
Britain’s exit from EU membership may not actually happen but so far, the fallout of a Brexit doesn’t seem to be as bad as anticipated.
Despite continued jitters over the U.K.'s vote to leave the European Union, U.S. and European markets were higher on Tuesday spurring a $3 trillion post-Brexit global rout. Asia markets followed the lead and opened higher on Wednesday.
Asian stocks were up for the first time in three days on Tuesday and the pound and other currencies advanced as investors took advantage of lower prices to buy up assets following Britain's vote to exit the European Union.
The impact from Brexit - which has already generated much turmoil in global equity, commodity and bond markets – continues to grow and its negative effect on world currencies and equity markets is only beginning to be felt.
There is an extremely light news schedule this week. However the markets have been roiled by the unexpected vote by the United Kingdom to leave the European Union, which has plunged that country into a severe political and constitutional crisis.
In a surprise development that the markets had seemingly already priced out as only 15% probable, the British people have narrowly voted by 52% to 48% to leave the European Union.
In what may, in the future, be called ‘the day that shocked the world’ the United Kingdom is on course to leave the European Union.
The repercussions of a possible Brexit are dominating the currency markets far and wide.
