Brexit: Historic Pound-ing Continues

Last week the British Pound touched a historic low against a basket of global currencies according to the Bank of England. The uncertainty around Brexit has resulted in an almost 18%* decline in the Pound versus the U.S. Dollar since the start of the year, a 31-year low. The process has been volatile, including the 2-minute flash crash. Even more incredibly, the Sterling has been pounded against the Euro by as much as 22%* since the turn of the year. Continue reading “Brexit: Historic Pound-ing Continues”

Negative Interest Rates: Who’s Interested?

Wednesday marked a key moment for the German 10-year government bonds (or bunds as they are known). While they have been trading at negative yields for a while now, it was the first time that a new Bund was issued at a negative yield. This implies that investors now effectively pay Germany to borrow their money. Continue reading “Negative Interest Rates: Who’s Interested?”