24 Jun Telegraph Mike van Dulken, of Accendo Markets, said: “Based on the banks having been the best performers over the last week (gains of up to 18pc) we expect the sector to be the worst performer by a considerable margin, given their implied Brexit sensitivity.” http://www.telegraph.co.uk/business/2016/06/24/barclays-plunges-26pc-as-40bn-wiped-off-the-value-of-british-ban/ CityWire Mike van Dulken, head of research at…
I know – it’s a bit late to be asking such a question, but around 10% of those who can vote still don’t know which way they will! I am one. And if I haven’t decided by tomorrow, then I know what I won’t do, and that’s waste a vote. What’s the only logical thing to…
UK-listed Miners are on the back foot today (down 1.5% to 2.7%), failing to benefit from the dollar basket weakness that tends to usher commodities higher. This as GBP/USD continues to rally (a breakout beyond 10-month falling highs no less) with bookies suggesting a UK referendum Remain vote looking more and more likely come Friday…
UK financials and Property are outperforming this morning on the back of weekend Brexit polls showing a shift back in favour of Remain. This has resulted in a surge in buying interest for the pound sterling and a relief rally for battered financials (banks, insurance) and housebuilders as investors price in a lower probability of…
Next Friday it’ll be confirmed, the UK will have voted to remain or to leave the European Union. The market reaction will be immediate, aggressive, and likely for a period, sustained. In recent weeks the market has climbed on hopes of a ‘remain’ vote and declined on the potential of a ‘leave’ vote – the…
The UK referendum tide may have turned following the callous murder of a defenceless pro-Europe MP. Bookies say the event has revived the chances of a ‘Remain’ vote next Thursday. Traditional last-minute decisions by polling-day voters to maintain the status-quo could well intensify. Markets like the UK 100 of UK blue-chip equities and Pound Sterling…