Slight recovery for GBP -Dollar Weakens
Sterling rose this morning after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check. The pound sank to its […]
Flash Crash
We are more likely to end up leaving the European Union without a deal if parliament rejects the agreement Theresa May has negotiated with Brussels, Brexit minister Stephen Barclay said […]
Big Few Weeks Ahead For May
Theresa May urged MPs to back her Brexit deal, promising that it would allow the country to “turn a corner” and let the government focus on solving domestic problems such […]
Retail Sales Above Forecast
Sterling gained nearly half a percent against a weakened dollar today, as traders prepared for British retail sales data and the Bank of England’s interest rate decision. Analysts put most […]
Inflation Lower
Headline inflation data is showed a decline to 2.3 percent for the month of November from 2.4 percent previously and edging towards a 2 percent target in the coming years […]
Brexit Vote Rescheduled For January
The pound edged off 20-month lows yesterday as British Prime Minister Theresa May rescheduled a delayed vote in parliament on her Brexit plan for mid-January. Sterling, trading at $1.26, inched […]
Second Referendum?
The pound hovered near 18 month lows this morning, with reports that more politicians are calling for a second Brexit referendum. With British Prime Minister Theresa May facing deadlock in […]
Market Update
Sterling fell more than half a percent to this morning after Prime Minister Theresa May returned from a visit to Brussels, where she attempted to win assurances from the European […]
Brexit Back On Track
Theresa May was set to ask European leaders for help today after a mutiny by more than a third of her MPs failed to unseat her but left parliament heading […]
Vote Of No Confidence – Vote 6PM Tonight
Sterling continues to be volatile after Britain’s justice minister said the government would have to delay Article 50 – Britain’s notice to withdraw from the European Union – if Prime […]