Market Pulse
Brexit poll sends pound reeling
The 'Leave' camp was continuing to build momentum going into the final fortnight ahead of the referendum on the UK's continued membership of the European Union, according to the results of the latest poll published on Friday evening, which sent the pound reeling.
Commodities: Oil futures lower on dollar strength, rising rig count
Uncertainty ahead of the EU referendum and next week’s Federal Reserve policy meeting bolstered demand for US dollars, in turning sapping the strength of the commodities complex.
Sunday newspaper round-up: Brexit warnings, Rio Tinto copper, Sports Direct
The Bank of England will face huge pressure to cut interest rates to new lows if Britain opts to quit the EU, according to international investors cited by the Sunday Times. With online and phone polls indicating the result is too close to call, fears that a Brexit vote could derail the recovery are mounting and investors are now betting there is a 50% chance of a rate cut by the end of the year, according to recent moves in interest rate markets, up from nearer 20% three months ago.
Sunday share tips: Purplebricks, Associated British Foods, Angle
Purplebricks Group shares were a 'buy' in the Sunday Times' Inside the City column. Investing in this online estate agency might be a wild ride, with the shares trading for more than 40 times earnings, but some notable names are on the register since its IPO at the end of last year. The company is, the writer believes, reminiscent of Uber by disrupting an industry that has long been notorious for being expensive, inconvenient and leaving customers uncomfortable.