Cooper Amendment Expected To Pass
Sterling held well at multi-month highs against the euro and dollar as traders weighed up whether lawmakers would back a key parliamentary amendment that would effectively take a no-deal Brexit […]
Sterling Holds On To Gains Ahead Of Vote
The pound drifted lower this morning after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament […]
Sterling Continues Gaining
The British currency rose half a percent and neared $1.30 after data showed British workers’ pay grew at the fastest pace in over 10 years. The figures encouraged traders, who […]
‘No Deal’ Brexit Unlikely
The British pound rose to a two-month high against the euro, extending recent gains on growing expectations Britain can avoid a no-deal withdrawal from the European Union. Talk of a […]
Market Update
May needs to find plan B and quickly. If May fails, the UK will drop out of the European Union on March 29 without a deal or will be forced […]
D-Day For May
Theresa May faced the prospect of defeat in today’s vote in parliament on her Brexit deal, leaving the country in limbo about its membership of the EU. May urged lawmakers […]
Chances Of A General Election Rise
The pound has dropped across the board after Theresa May lost two Brexit-related votes in as many days. Britain’s main opposition Labour Party will demand a general election if May […]
Sterling Strengthens Ahead Of Debates
Sterling has risen ahead of parliament reconvening this week and debate Prime Minister Theresa May’s Brexit withdrawal agreement. Traders expect the next two weeks to be highly volatile for sterling. […]
Daily Update
Fed speakers continue to leave open the door to raising rates three more times this year if the data starts to accelerate. The US economy continues to perform well, although […]
Sterling hits fresh lows against the dollar
Sterling dropped to its lowest since level since the middle of March, its sixth consecutive daily fall as investors are worried about the performance of the British economy. April has […]