UK PM May wants an implementation phase to smooth Brexit process

As per the Financial Times report, UK PM Theresa May has said she wants to negotiate transitional Brexit deal, that would help smooth Britain’s exit from the EU after 2019.

The FT article says, “It was the closest Mrs May has come to publicly conceding that business and governments on both sides of the English Channel would need a transitional deal to avoid the Brexit "cliff-edge" feared by companies and the City of London.”

Gold stuck at 5-DMA on dollar strength

Gold is having a tough time breaching the 5-DMA hurdle of $1133 levels in Asia as the American dollar remains solidly bid amid thin volumes.  5-DMA i
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USD/CNY projection: 6.9553 - Nomura

Analysts at Nomura offered their projecttion for the USD/CNY fix. Key Quotes: "Our model1 projects the fix to be 85 pips higher than the previous fi
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