Brexit in cartoons

Social networks are always able to accurately reflect what is happening - briefly and precisely, of course Brexit topics is not an exclusion. I have collected for you 16 of the finest memes and cartoons on the subject. Enjoy!

1. "Stronger together".

2. "Eutanic".

3. "Britanic".

4. "Quibble".

5. "The Big Dip".

6. "Reality".

7. "Turnabout".

8. "The flag is enough".

9. "Grumpy".

10. "The Big Push".

11. "Avant-garde".

12. "Crossroads".

13. "Scobrout".

14. "...".

15. "But I'm staying".

16. "Brexit".

Britons want to repeat the referendum

The preliminary results of the British referendum made Friday black for pound. the British currency has fallen against the US dollar with 11.93% (1792 points) to 1.3226 until the completion of the counting of votes in all districts. Traders sold the pound all over the market, so it was most feverish.
The euro/dollar fell less than three times than the pound, with only 516 points to 1.0911. The growth of euro/pound eased the pressure on euro. Gold rose in price by 8.63%, to 1358.21. Oil fell by 3.46% to $ 47.52.
When it became known that 52% of Britons voted for the country's exit from the EU, in the forex market started a correction. GBP/USD registeres pullback with 38% (754 points), euro/dollar recovered with 50%.
Bloomberg reported that the Swiss National Bank in response to Brexit made an intervention in the foreign exchange market to prevent the Swiss franc strengthened against the single currency. The regulator has promised to monitor the situation and keep their presence on the market.
The referendum will be discussed a few more days. Volatility declined, but remains high enough for the major pairs. Do any forecasts on exchange rates at the moment is meaningless.
Central banks and finance ministers of the G7 plan to hold a meeting on Brexit. British Prime Minister David Cameron has announced his intention to resign in October.
Perhaps it is not worth rushing the Brexit?! The Britons signed a petition to reconsider the referendum. They need to collect 30 thousand more signatures, so the document would be considered in the Parliament of Great Britain. In the petition they want a second referendum for Britain's membership in the European Union, which would be held according to EU law. Where the voter turnout should be at least 75%, and for one of the embodiments voted not less than 60% of people.

The pound fell before the publication of the report on inflation

The pound fell for a fifth day against the dollar, indicating that this is the longest period of decline since January and ahead of the Bank of England this week. Participants in currency trading are focused on the referendum in the country next month, as it relates to Britain's membership of the European Union.
The pound showed weakness against most major currencies before the meeting of the Central Bank on May 12, and also for the publication of reports this week that economists predict will show reduction of industrial production of Great Britain and Northern Ireland.
At the same time none of economists in a Bloomberg survey expected any change in the policy of the Bank of England. Moreover, the authorities are planning to publish quarterly inflation report of the central bank.

Analysts said the weakness of the pound may be a reflection of expectations that data this week will come out weak, and also it is a reaction to the movement of the dollar related to the referendum question.

On June 23 will be held a referendum on membership in the EU. Supporters of the union with the bloc argued that the economic welfare of Britons would suffer outside the EU. On Monday, British Prime Minister David Cameron made a patriotic appeal to the British citizens, once again urged not to vote to leave the EU next month.

A study conducted in Great Britain and Northern Ireland on the issue of EU membership shows that 44% of people want to stay in the bloc, while 46% want to leave the EU.

Nomura: With the approaching referendum pound will be under pressure

Recently, the pound recovered some losses, including against the Canadian dollar, but currency strategists at Nomura questioned the sustainability of improved dynamics.

They believe that in the near future the referendum in the UK will again be the focus of market participants, as it promises to support the growing pressure on the British currency.

In addition, Nomura recalled that at the end of this week will be announced the results of local elections in Britain, as they don't think the results will please investors.

Also, according to the strategy of the bank is worth to pay attention to the fact that the economic statistics began providing more surprises.

At Nomura believe that it is time to think about the resumption of sales of pounds. They add that so the risks of the policy of the US Federal Reserve will be removed.