Hints and tips:
...Five Shearman & Sterling energy and infrastructure partners have joined Ashurst days after their former firm announced a tie-up with Allen & Overy....
...In a sleight of cross-promotion, LVMH’s other American brands also took part: Marc Jacobs designed several of the looks, and Tiffany designed a Baguette in sterling silver....
...US West Texas Intermediate was down 1.6 per cent in late trade at 53.71. Despite the dollar’s firmer tone, gold was up $3 at $1,314 an ounce....
...Sterling is up 0.1 per cent at $1.3328 and is flat against the euro, with £0.8930 required for a unit of the shared currency. The yen is 0.2 per cent weaker at ¥111.26 per dollar....
...Sterling was marginally stronger against the dollar to $1.3275. The euro strengthened 0.1 per cent to $1.1846. The Japanese yen strengthened 0.1 per cent to ¥112.13....
...West Texas Intermediate, the US marker, is 0.8 per cent higher $47.88 a barrel....
...Brent crude was 0.4 per cent lower at $52.14 a barrel and US marker West Texas Intermediate was down by the same amount at $49.21 a barrel....
...Sterling at its lowest since the 1985 Plaza accord to weaken the dollar: pic.twitter.com/yDfg7zLnAK— John Authers (@johnauthers) June 24, 2016 From @CreditSuisse earlier this week (jic): pic.twitter.com...
...It was a taste of the international co-operation to come: the Plaza Accord in September saw France, West Germany, Japan, the US and UK agree to push down the value of the dollar versus the yen and the mark...
...Brent crude, the international benchmark, and West Texas Intermediate were both down 1 per cent at $48.01 and $46.34 a barrel, respectively....
...Sterling had fallen 0.3 per cent on Tuesday, but weekend polls showing the Leave campaign vote was losing momentum saw the currency stage on Monday its biggest one-day rise since December 2008....
...Sterling was up 0.7 per cent on Friday in Asia to $1.3441, having gained 1.5 per cent yesterday as the BoE stood pat....
...In recent days sentiment toward the UK has improved – best exemplified by a recovery in sterling – in the lead-up to Theresa May being installed yesterday as the new prime minister....
...Brent crude, the international benchmark, was down 0.5 per cent at $50.42 a barrel, while West Texas Intermediate, the US marker, was down 0.3 per cent at $49.20....
...Sterling hit a 2016 high of $1.4844 in Asia today, before easing slightly to be 0.7 per cent higher at $1.4816....
...Sterling rose as much as 0.8 per cent in Asia today to $1.3328 amid a broad turnround in currency markets this morning....
...Sterling was down 0.2 per cent at $1.3409, still leaving it 9.9 per cent lower than its close on June 23, before results from the EU referendum began to spill out....
...Sterling was down 1.5 per cent for the week, owing to newspaper polls showing voters were leaning toward voting the UK out of the European Union at the June 23 referendum....
...The pound is up 0.1 per cent to $1.4065 as the cost of protecting against sterling volatility over the next three months — which includes the “Brexit” vote — holds its highest levels since May 2010....
...Brent crude was down 0.4 per cent at $34.27 a barrel, after the international marker rose 3.4 per cent on Wednesday, while West Texas Intermediate, the US benchmark, was also 0.4 per cent lower at $32.02...
...In Asian trade, sterling was down 0.9 per cent at $1.4279 and was the worst-performing major currency....
...In turn, that helped push prices for oil and other industrial commodities sharply lower, with both Brent and West Texas Intermediate crude slipping back below $40 a barrel and copper heading for its biggest...
...The cost of hedging against more sharp moves in sterling — as measured by three-month implied volatility — hit its highest since April....
...Sterling dropped 1.8 per cent on Monday against the US dollar, its biggest one-day drop since 2009 and to its lowest level in over seven years....
...In the oil markets, Brent crude fell 4.9 per cent to settle at $34.24 a barrel, and US West Texas Intermediate shed more than 6.5 per cent....
International Edition