Pound sterling

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

June 9, 2017

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 a majority requiring 326 seats. The Labour Party won 261 seats, followed by the pro-independence Scottish National Party with 34.

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

July 6, 2016

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. The 30-year yield dropped as low as 0.015%, and the 10-year bond yield hit a record low of minus 0.275%.

Strong Dollar Following Brexit Vote Pushes Down Oil

June 27, 2016

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. The Brexit vote was proceeded by a $2.08 trillion selloff, a sharper decline than even the one that followed the

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

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

Strong Dollar Following Brexit Vote Pushes Down Oil

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