Another Day Of Sterling Volatility Ahead


Another Day Of Sterling Volatility Ahead

Sterling fell this morning and was headed for a fourth consecutive week of losses as British Prime Minister Theresa May pressed ahead with plans for a parliamentary vote on her Brexit deal with the European Union, despite warnings it could topple her government. Sterling’s near-term fate hangs on whether May can win a majority for […]

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My Deal – No Deal Or Reversal!

Prime Minister Theresa May has said this morning that British lawmakers faced a choice ahead of a vote on her Brexit deal: approving her deal or facing an exit with no deal or even the reversal of Brexit. A No Deal would be disastrous for the UK; however, a reversal does not seem such a […]

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Theresa – May Lose Vote Next Tuesday

A senior lawmaker in Prime Minister Theresa May’s Conservative Party said he would vote against her Brexit deal and predicted parliament would reject it by at least 80 votes, The Telegraph newspaper reported. “Brexit should be an opportunity for our country to spread its wings, not have them clipped,” Mark Harper, who formerly served as […]

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The UK can halt Brexit – Revoking Article 50

The UK can halt Brexit by unilaterally revoking Article 50. An advocate general from the European Court of Justice (ECJ) has published his legal opinion on the case. Manuel Campos Sanchez-Bordona’s written opinion is an independent legal solution to the question of whether an EU member state such as the UK can decide on its […]

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December 11th Vote Will Go Ahead

Next week’s parliamentary vote on British Prime Minister Theresa May’s deal will go ahead, interior minister Sajid Javid confirmed this morning, rejecting media speculation that the government might not go ahead with the vote because they could lose it. Opposition parties, the small Northern Irish party that props up May’s government as well as many […]

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Sterling Set For Further Losses

Sterling steadied this morning however it was on track for a third consecutive week of losses as investors keep clear before the British parliament’s vote on Brexit next month. Prime Minister Theresa May said yesterday she was focused on persuading lawmakers to back her divorce deal with the European Union in a Dec. 11 vote, […]

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Pound Eases Off

The dollar weakened against other major currencies this morning, as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that a three-year rate-hiking cycle is nearing an end. Powell took markets by surprise on Wednesday when he noted that the policy rate, at 2 to […]

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More Pressure On May

The DUP who prop up British Prime Minister Theresa May’s government sent her a stark warning over her draft Brexit divorce deal, pulling support in several parliamentary votes on a finance bill. The move breaches the DUP’s deal with May and throws further doubt over whether she has the numbers to approve a draft Brexit […]

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48 Letters Of No Confidence Submitted

Theresa May is fighting for survival today after a draft divorce deal with the European Union provoked the resignations of senior ministers and open mutiny in her party. Brexit minister Dominic Raab resigned on Thursday over her deal, sending the pound tumbling. Mutinous lawmakers in her own party openly sought to challenge her leadership and […]

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Brexit Secretary Raab Resigns – Pound Crashes!

British Brexit Secretary Dominic Raab resigned thrusting Prime Minister Theresa May’s government into turmoil just two days after she clinched an EU divorce deal that was mauled by opponents, allies and mutinous members of her party. The resignation of such a senior minister puts the United Kingdom into a political crisis just as May was […]

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