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With fears emanating from the harsh Brexit fallout and talks concerning the ECB’s gradual tapering to its 80 billion euros ($90 billion) a month bond-buying, coupled with continued flow of hawkish statements from some Fed leaders, global financial markets witnessed heavy volatility on Tuesday.
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The US Dollar Index (I.USDX) was a clear winner for a fourth consecutive day while gold, GBP and JPY were badly hit on grave concerns on the domestic front and increasing expectations of a Fed rate-hike.
The GBP plunged below its June lows as the UK ... (read more)