Theresa May Will Trigger Article 50 On 15th March


Theresa May Will Trigger Article 50 On 15th March

Yes, you read that correctly, it is finally going to happen! For those of you who haven’t seen the latest from the House of Lords, Theresa May was defeated after the House stated that Ministers should guarantee EU national’s the right to stay in the UK after Brexit. The House of Lords has now passed […]

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Pound Suffers Due To Second Scottish Referendum News

Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]

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Sterling Devalues Due To Fresh Uncertainty

Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]

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Positive Start For Sterling

The pound rose against most major currencies this morning, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was […]

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Pound Edges Up Against Euro

Sterling edged up this morning, extending its winning streak against the euro for a sixth straight day after enjoying a boost from last week’s better-than-expected manufacturing and trade data. The pound was up over 0.3 percent against the dollar and steady against the euro which has been hit by nerves around a pickup in political […]

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May Must Get Parliament Approval For Brexit Negotiations

The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body dismissed the government’s argument that May could simply use executive powers known as “royal prerogative” to invoke Article 50 of the EU’s Lisbon Treaty and […]

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Thursday is key for the Euro

The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting due to give new guidance on its quantitative easing programme. Other major currency pairs were all trading in a tight range after a rollercoaster […]

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Economy slows but not as much as expectations

Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood of the Bank of England cutting rates next week. The economy grew by 0.5 percent in the July-September period, less rapid than the unusually strong […]

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Sterling on the up

Sterling slipped back a little after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have to ratify any deal to take Britain out of the EU. Having fallen to a record low last week on worries that Britain would undergo […]

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Pound has futher room to drop

Britain’s pound dipped below $1.27 for the first time since June 1985 yesterday, with fears of a ‘hard’ Brexit from the European Union also pushing the currency to a five-year trough against a broadly stronger euro. Sterling has been buffeted for a fortnight by worries that Britain will prioritise curbing immigration over promoting trade in […]

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