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 […]
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 […]
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 […]
Sterling Hits 23 Month Low Overnight
The British pound holds above recent lows this morning although it remained vulnerable as traders still worry that Britain is headed for a no-deal Brexit. Sterling hit a new 23-month […]
No Deal Possibility Weighs On Sterling
Sterling plunged to a 23-month low against the euro and near a 31-month low versus the dollar this morning as fears of a disorderly Brexit grew. After the by-election victory […]
Market Update
The Bank of England (BoE) policymakers voted unanimously to leave interest rates unchanged at 0.75%. However, the bank slashed its growth forecasts amid the growing risk of a no-deal Brexit. […]
Sterling Steadies After Week Of Big Losses
Sterling, which has tumbled for the whole week as investors rushed to factor in the possibility of Britain leaving the European Union without transition trade arrangements in place, has gained […]