Brexit Volatility Expected To Continue This Week


Brexit Volatility Expected To Continue This Week

Sterling is below $1.30 this morning as Britain’s parliament returned from its Easter break and the ruling Conservative party tried to move talks forward with the opposition Labour party over a Brexit agreement. Volatility in sterling has fallen sharply in recent weeks after the European Union and London agreed to delay Britain’s departure date by […]

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UK Inflation Stays Unchanged

Sterling has continued to fall after a newspaper reported that Brexit talks between Prime Minister Theresa May’s government and the opposition Labour Party were stalling. The report was subsequently dismissed by a Labour Party spokesman, but the pound held near the lows despite robust jobs data yesterday morning. In currency derivative markets, expectations for volatility […]

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UK Pay Growth Rises

British workers’ pay grew at its joint fastest pace in over a decade, fuelled by further job creation, adding to suggestions that Brexit uncertainty is prompting firms to hire workers rather than make longer-term investment in equipment. Total earnings, including bonuses, rose by an annual 3.5 percent in the three months to February, the Office […]

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Pound Gains Against USD

The British pound rose back towards $1.31 today, although trading was quiet in the absence of any significant Brexit-related developments as the Conservative and opposition Labour parties continue their talks. Volatility in the pound has collapsed since European Union leaders and the British government last week announced Brexit would be delayed for up to six […]

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Halloween Deadline

European Union leaders gave Britain six more months to leave the bloc, more than Prime Minister Theresa May says she needs but less than many in the bloc wanted, thanks to fierce resistance from France. The summit deal in Brussels meant Britain will not crash out on Friday without a deal. But it offers little […]

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May Heads To Europe For Crunch Talks

The pound continued volatility for a second consecutive day as British Prime Minister Theresa May travels to Berlin and Paris to argue for a Brexit delay though gains were tiny before an emergency European Union summit on Wednesday. Sterling rose 0.1 percent to $1.3074 in quiet trading and is still more than 2 percent below […]

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Market Update

Sterling has fallen this morning as pressure grows on Prime Minister Theresa May to give a date for resigning ahead of parliamentary votes on Brexit. Investors are bracing for another week of volatility in the pound with British politics at fever pitch and little clarity on how, when or even if Brexit will ever take […]

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EU Grant A50 Extension

European Union leaders gave Britain a lifeline and opportunity to leave the bloc in an orderly fashion after giving Prime Minister Theresa May two weeks’ reprieve until April 12 before Britain could tumble out without a deal. Arriving for a second day of a summit dominated by talks over Britain’s departure, Belgium’s prime minister said […]

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How A50 Extension Will Affect GBP

The pound has fallen below the 1.17 marker, with global currency markets considering the implications of an impending Brexit extension offer from the European Union in light of an intractable impasse in the UK parliament. The offer for an extension is widely expected to be thrashed out at this week’s EU Council Summit, but we […]

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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 loses a vote in parliament over her Brexit plans next week, we expect Corbyn to mention this today. The British currency was hit by the […]

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