May Must Get Parliament Approval For Brexit Negotiations
The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body […]
Sterling Makes Biggest Gains This Morning
Sterling was the biggest gainer among developed-market currencies this morning, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval […]
Thursday is key for the Euro
The euro held steady near a 3-week high today while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank […]
Budget drives sterling higher
Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more […]
Pound boosts after positive Retail Sales this morning
British retail sales surged in October, as colder weather boosted clothing sales and supermarkets cashed in from Halloween, lifting annual sales growth to its highest in more than 14 years. […]
UK Economic data strong – Pound stays weak due to Brexit
Sterling hit a two-week high against a dollar weakened by worries about the U.S. presidential election next Wednesday, as investors waited for construction sector data for the latest clues on […]
Carney extends BOE stay to 2019
Sterling hit an almost two-week high yesterday, with expectations of more upbeat news on the economy helping it build on gains after Bank of England Governor Mark Carney said late […]
Economy slows but not as much as expectations
Britain’s economic growth slowed only slightly in the three months after the Brexit vote, official data showed this morning defying warnings of a heavy hit and further diminishing the likelihood […]
Sterling on the up
Sterling slipped back a little after its strongest one-day gains in over three months on a trade-weighted basis, having been boosted after a UK government lawyer said parliament would have […]
Pound has futher room to drop
Britain’s pound dipped below $1.27 for the first time since June 1985 yesterday, with fears of a ‘hard’ Brexit from the European Union also pushing the currency to a five-year […]