Post Tagged with: "Pound sterling"

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

The Pound Falls as U.K. Conservatives Lose Majority; Brexit Questions Arise

PM Theresa May’s snap election backfires in the U.K., weakening the pound; dollar strengthens; oil drops

A snap election in the U.K resulted in a hung parliament, weakening the governing Conservative’s position ahead of Brexit. Conservatives won 318 seats with …

Japan’s 20-year Government Bonds Go Negative for the First Time

Japan’s 20-year Government Bonds Go Negative for the First Time

Concerns over Brexit continue to send investors to the yen

The yield on Japan’s 20-year government bond fell below zero for the first time ever today as investors flee the pound sterling and the euro in the wake of Brexit. …

Strong Dollar Following Brexit Vote Pushes Down Oil

Strong Dollar Following Brexit Vote Pushes Down Oil

Markets see the largest single-day selloff in history following the Brexit, currencies react

The surprise decision by the United Kingdom to leave the European Union triggered the largest single-day selloff in history, according to Standard & Poor’s Dow Jones Indices. …