caption A trader told us: “The less liquidity you have the less it takes to push the market around … You literally need to know nothing other than what a correctly uttered phrase would do to the market.” source REUTERS/Joshua Roberts Nigel Farage made predictions on the night of the Brexit vote that turned out to be wrong, even though he knew of two private polls that predicted the correct outcome. Sources in the FX trading world told Business Insider of a speculative theory that someone placed a massive “knock-in short” against the pound. Such a bet would require the pound to move up on June 23 before it fell, which is exactly what the pound did after Farage spoke. FX traders say pricing data on the night shows the “knock-in short” theory is plausible. Farage told Business Insider that this is “a crackpot lunatic conspiracy theory.” LONDON – As the EU Referendum approached in 2016, foreign … [Read more...] about FX traders tell us why they’re still talking about Nigel Farage and the ‘crackpot lunatic conspiracy theory’ of a massive short against the pound on the night of the Brexit vote
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FX traders tell us why they’re still talking about Nigel Farage and the ‘crackpot lunatic conspiracy theory’ of a massive short against the pound on the night of the Brexit vote
Nigel Farage made predictions on the night of the Brexit vote that turned out to be wrong, even though he knew of two private polls that predicted the correct outcome. Sources in the FX trading world told Business Insider of a speculative theory that someone placed a massive “knock-in short” against the pound. Such a bet would require the pound to move up on June 23 before it fell, which is exactly what the pound did after Farage spoke. FX traders say pricing data on the night shows the “knock-in short” theory is plausible. Farage told Business Insider that this is “a crackpot lunatic conspiracy theory.” LONDON – As the EU Referendum approached in 2016, foreign currency traders knew they were looking at a “multi big fig” day. The beauty of June 23 from a trader’s perspective was that whichever way the vote went, it would move the pound against the dollar dramatically – “multiple big figures” – … [Read more...] about FX traders tell us why they’re still talking about Nigel Farage and the ‘crackpot lunatic conspiracy theory’ of a massive short against the pound on the night of the Brexit vote
OECD upgrades UK forecast but warns of Brexit uncertainties
0 Comments OECD upgrades UK forecast but warns of Brexit uncertainties BelfastTelegraph.co.uk An influential global body has upgraded its forecasts for UK economic performance, but warned of continuing "high uncertainties" over the outcome of Brexit. https://www.belfasttelegraph.co.uk/business/northern-ireland/oecd-upgrades-uk-forecast-but-warns-of-brexit-uncertainties-36962325.html https://www.belfasttelegraph.co.uk/business/northern-ireland/article36962324.ece/d7de0/AUTOCROP/h342/2018-05-31_bus_41373064_I1.JPG Email An influential global body has upgraded its forecasts for UK economic performance, but warned of continuing "high uncertainties" over the outcome of Brexit. The Organisation for Economic Co-operation and Development's twice-yearly Economic Outlook report found that economic growth remains "modest" in the UK, compared with other major economies. It warned that the Government must stand ready to ease up on austerity measures if growth weakens significantly in … [Read more...] about OECD upgrades UK forecast but warns of Brexit uncertainties
George Soros’ foundation is leaving Hungary after a campaign against him ‘unprecedented in the history of the European Union’
Michael Selby-Green, provided by Published 3:33 am, Tuesday, May 15, 2018 Reuters/Jorge Silva George Soros' Open Society Foundation (OSF) is closing its Hungarian office, citing a "repressive political and legal environment." Hungary recently passed a law dubbed the "Stop Soros Act" that gives the interior minister the power to expel NGOs. The recently re-elected right-wing Hungarian government ran a poster campaign against the billionaire, accusing him of meddling in countries' affairs. The OSF president said: "The government of Hungary has denigrated and misrepresented our work and repressed civil society for the sake of political gain, using tactics unprecedented in the history of the European Union." Recommended Video: Now Playing: Hungary's nationalist prime minister is on track for a third straight term in power. Viktor Orban says Hungary's future will be decided for decades at elections on Sunday. After a campaign in which Orban has positioned himself as a … [Read more...] about George Soros’ foundation is leaving Hungary after a campaign against him ‘unprecedented in the history of the European Union’
Billionaire George Soros is reportedly getting ready to dive into crypto
Will Martin, provided by Published 9:41 am, Friday, April 6, 2018 Mike Coppola/Getty Images George Soros' investment business, Soros Fund Management is set to invest in cryptocurrencies, according to Bloomberg. Adam Fisher, who oversees global macroeconomic investing for the fund, has gained internal approval to invest in and trade cryptocurrencies. George Soros himself described cryptocurrencies as a "typical bubble," back in January. The investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble," according to reports. Business Channel Now Playing: Now Playing Amazon Alexa Now Lets Users Add Music and Podcasts to Routines Wibbitz Get Paid to Travel the World and Pick a New Yogurt Flavor Buzz 60 The 5 Biggest Data Breaches of All Time Fortune This Early Spotify Investor is Happy Share Prices Haven't Exploded Cheddar TV Will Spotify … [Read more...] about Billionaire George Soros is reportedly getting ready to dive into crypto