Pound Drops 14th Day In A Row


Pound Drops 14th Day In A Row

Sterling plunged again in early London trading this morning as pressure mounted on Prime Minister Theresa May to name a date for her departure. The British currency has been falling heavily in the past few days. May’s last-ditch attempt to get backing for a Brexit deal triggered a revolt yesterday by some of her Brexit-supporting […]

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PM Could Resign This Weekend

Pound Sterling hit its lowest level since a January flash crash today as Prime Minister Theresa May’s last-ditch Brexit plan failed to win over either opposition lawmakers or many in her own party. Prime Minister Theresa May’s final Brexit gambit was in tatters this morning just hours after her offer of a vote on a […]

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Sterling/Dollar Below 1.27

Sterling fell below $1.27 for the first time since mid-January, battered by dollar strength and expectations that Prime Minister Theresa May will fail to persuade cabinet colleagues to back an amended version of her Brexit withdrawal deal. Brexit uncertainty has grown in recent weeks after the breakdown of talks between May and the opposition Labour […]

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Pound Volatility Continues Over Brexit

The pound remained near a two-week low this morning, and investors said more losses were likely if Prime Minister Theresa May’s proposed Brexit deal gets voted down again next month. Sterling has fallen 1% this month as deadlocked cross-party talks exposed deep political divisions over how, when and even if Brexit should take place. May’s […]

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UK Manufacturing Boosts Economy

Britain’s economy got a sharp one-off boost in the first three months of 2019, official figures showed this morning, as manufacturers rushed to deliver orders before a Brexit that never came. Gross domestic product grew at a quarterly rate of 0.5 percent in the first quarter of 2019, in line with the reading expected by […]

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Pound Gains Due To positive Brexit Talks

Sterling was the star winner last week as boosted by renewed hope of a Brexit deal between the government and opposition. Poor results for both Conservatives and Labours are piling pressure on both parties to end the Brexit standoff and drama as soon as possible. Prime Minister Theresa May stepped up calls on Labour leader […]

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US Dollar Could Strengthen This Week

The dollar fell against most currencies yesterday, slipping further from a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback. Most major currencies held in tight ranges on light trading volume as Japan began its extended Golden Week holiday. China will observe its Labor […]

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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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