FxWirePro Short Term Outlook: Current selloffs in pound likely to extend towards 1.21

Dec 16, 2016 08:31 am UTC| Commentary

Despite being the top performer over the last two months and especially since the Republican candidate Donald Trump won the US presidency, the pound in recent days has suffered the wrath of the dollar. The dollar rally...

U.K. inflation likely to accelerate further to 1.3 pct in December, says Lloyds Bank

Dec 16, 2016 08:15 am UTC| Commentary

U.Ks inflation outlook is likely to be driven by U.K-specific currency weakness. In November, the nations inflation surprised on the upside, greatly reversing the downward surprise seen in October. The headline consumer...

Indian bonds gain as investors cover previous short positions

Dec 16, 2016 08:15 am UTC| Commentary

The Indian sovereign bonds gained as investors covered previous short positions on the last day of the week. The yield on the benchmark 10-year bonds, which moves inversely to its price, fell nearly 8 basis points to...

Freddie Mac warns as rate tightens in mortgage market

Dec 16, 2016 07:38 am UTC| Commentary Economy

The Federal Home Loan Mortgage Corporation popularly known as Freddie Mac has warned that the recent spike in yields has cut the population of eligible refinance candidates by a half. According to the corporation, at the...

Chinese 10-year sovereign bonds yields highest since September 2015, likely to break 3.50 pct mark in 2017

Dec 16, 2016 07:08 am UTC| Commentary

The Chinese 10-year sovereign bond yields hit highest since September last year on Friday after the Federal Reserve increased interest rates for the first time in 2016 and hinted at a faster hike in borrowing costs in...

New Zealand consumer confidence eases in December despite healthy economic signals

Dec 16, 2016 07:01 am UTC| Commentary Economy

Consumer confidence in New Zealand eased during the month of December, although other economic signals remained healthy. Also, the two earthquakes that wrecked havoc across the country do not seem to have any material...

Briferendum Aftermath Series: Lonely Theresa May video summarizes upcoming Brexit negotiations

Dec 16, 2016 06:50 am UTC| Commentary Economy

A video has emerged in the social media, which shows that amid roars and noises, as the European leaders greet each other with handshakes and kisses, an increasingly lonely British Prime Minister Theresa May looking to...