Sterling Drops Below $1.20
Sterling has dropped below $1.20 this morning to a three-year low, as Prime Minister Boris Johnson’s implicit ultimatum to lawmakers to back him on Brexit or face an election sent […]
Boris Johnson set to suspend parliament
Britain’s government will seek to extend the period during which parliament does not normally sit, shutting it for around a month until Oct. 14, as part of a drive to […]
Merkel Comments Give Brief Hope
Sterling briefly jumped yesterday afternoon after German chancellor Angela Merkel said the European Union would think about practical solutions to the backstop, an agreed insurance policy for the Irish border […]
Leaked Documents Hamper Sterling
In a no-deal Brexit the UK will be hit with fuel, fresh food and medical shortages along with a three-month period of chaos across ports, with a hard border in […]
Market Update
The pound edged higher after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on […]
UK Inflation Rises
Annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June, the Office for National Statistics said, bucking the average expectation in a Reuters […]
Snap Election Fears Hit Sterling
Sterling has strengthened against the euro this morning after some volatile trading over the weekend. In overnight trade on Friday into Saturday, the pound pushed towards 1.06 against the euro. […]
Recession Fears Rise – UK Economy Shrinks 0.2%
The pound had started the day pretty settled after Thursday’s drop on the back of senior aides of Prime Minister Boris Johnson saying they would hold a parliamentary election in […]
Market Update
Sterling’s recent slide are not over yet and could continue as chances Britain and the European Union part ways without a withdrawal deal have jumped again. Johnson, who was the […]
Brexit Update
The pound this morning has remained stuck near its weakest since 2017 and analysts are predicting renewed volatility. Risks of a no-confidence vote in the new Conservative government as soon […]