Turkey softened its commitment to keeping monetary policy tight for an extended period even as the central bank kept interest rates on hold for a second meeting. The lira briefly rose and then erased all gains.
Long-time Russia investor Ashmore Group Plc is joining the bears.
Prime Minister Theresa May enjoyed a Pyrrhic victory last night, surviving an attempt by her own party to oust her. While it remains unclear how this Greek tragedy will play out, Goldman Sachs is of the view that her win reduces the likelihood “of a disorderly Brexit and increases the probability of a reversal of Brexit itself.”
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Lawmakers in the U.K. Parliament aren’t scheduled to vote on Prime Minister Theresa May’s Brexit deal this year, Leader of the House of Commons Andrea Leadsom said on Thursday.
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