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21 Jun 2016

Brexit update: UK is much better off inside the EU - Nouriel Roubini

Nouriel Roubini, Professor at Stern School, NYU, & Chairman of Roubini Global Economics, popularly known as Dr. Doom holds the opinion that UK is much better off inside the European Union.

Key comments

  • Brexit would cause significant damage to the UK economy & to the employment & well being of Britons
  • The UK - having large twin current account & fiscal deficits - may risk a sharp currency fall & a sudden stop of capital following Brexit
  • Brexit could stall the UK economy and tip it into a recession
Jun 21, 2016

EUR/GBP sees relief rally, jumps above 0.77

EUR/GBP snapped three-day losing streak in Asia to trade above 0.77 handle as the bid tone around Cable weakened somewhat following sharp gains in las
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Jun 21, 2016

NZD/USD under pressure, a breach of 0.7100 on cards?

A renewed selling-wave hits the NZD in the mid-Asian trades, now sending NZD/USD back in the red towards 0.71 handle. NZD/USD attacks 0.7100 Current
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