Forex news and economic data headlines for the Americas sessions27 June 2016
The Brexit news keeps coming thick and fast and the pound keeps on falling. 1.3200 was the victim this time and it looked like 1.3100 might follow soon after. Cameron set his stall out for article 50. Europe wants it fast, the UK will deliver it when it’s good and ready. Put that in your pipe and smoke it Merkel. The move to the low at 1.3121 came during the UK Parliament session when Scotland decided to ignore the fact it voted to stay as part of the UK to proclaim it was going to ignore the UK referendum result and stay in Europe. That wobble didn’t last after everyone stopped laughing and we pushed back above 1.32 as Cameron tried to steady the ship with calm comments. 1.3150/1.3200 has been the range since then. The pattern of calm periods interspersed with periods of volatility is likely to continue.