Sterling supported by PM Cameron

February 3, 2016

Research Team at Rabobank, notes that the Sterling strengthened slightly against the euro to 0.757 in the afternoon trading session, as it found some support from comments by PM Cameron, who indicated that the draft proposal on Britain’s EU membership would serve as a sufficient basis for him to campaign to keep the UK in the EU. 

Key Quotes

“Although this has raised the chances of a deal being reached before or at the 18-19 February EU summit, the plans – which include a four year ”emergency brake” on welfare payments to new immigrants from the EU – fell way short of demands made by Eurosceptics. 

As such, this is still far from a race run. Indeed an “in” campaign in the run-up to a referendum in the summer combined with news headlines of rising immigrant flows into the EU could still backfire when the British people make their way to the polling booths."

Publication source
HYCM information  HYCM reviews

October 28, 2016
Greenback sticks to three-month peaks
On Friday, the Japanese yen remained close to it weakest level against the greenback for three months during Asia trade, right after a surge in American bond yields as well as the issue of economic data backing the case for growth in American interest rates strengthened the US dollar overnight...
October 28, 2016
Dollar remains king
The mounting expectations over the Federal Reserve raising US interest rates in December have inspired bullish investors to send the Dollar Index to fresh eight-month highs at 99.00...
October 28, 2016
OPEC is ready to formally seal the output
The crude oil gains as the Algerian Energy Minister Noureddine Butarfa hit the market with a statement saying that OPEC has a plan to complete the formal part of the output freeze agreement in the next meeting... Rating
FXTM Rating
Vantage FX Rating
Tickmill Rating
Larson&Holz IT Ltd Rating
FxPro Rating

Anyoption Rating
TopOption Rating
Binary Brokerz Rating
TropicalTrade Rating
OptionRally Rating
OptionBit Rating