GBP remains perky on Bremain strengthening - Scotiabank

The GBP remains relatively perky against the broadly stronger USD and continues to advance against the weak EUR.

Key Quotes:

"Despite continued focus from policy makers on the downside risks for the economy in the event of a Brexit, investors appear to be going with the UK bookmakers’ view that the probability of a Bremain is strengthening.

Betfair odds suggest and 83% probability that voters will opt to remain in the EU, the UK press reports today. That essentially reflects the shift in William Hill’s odds that we noted yesterday."

Oil reaches 7-month high on stockpiles drawdown

Crude oil futures rose further on Wednesday and reached fresh 7-month highs after data showed that US oil inventories fell more than expected last week.
अधिक पढ़ें Previous

GBP/CAD eases from fresh 3-month highs

The GBP/CAD cross climbed to 1.9300 before pulling back to end the day pretty much flat at 1.9176, as both, the Canadian dollar and the pound outperformed its m
अधिक पढ़ें Next