PM’s Brexit Bill Faces Challenges In Parliament
Sterling hit a one-week low against the dollar as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate […]
Sterling Fall Continues To Hurt UK Companies
Sterling’s sharp fall against the U.S. dollar and Euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce […]
Sterling Slips For Second Day
Sterling fell another 0.4 percent this morning after a fall in a closely-watched services sector indicator reawakened concerns over the impact of last year’s Brexit vote on a previously resilient […]
Sterling/Dollar Traded Above 1.27
Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade […]
Sterling Continues To Gain Against A Weak Dollar
Sterling pounced on a wounded dollar today, as it recovered from disappointing consumer credit data to cap its best January since 2011. It was also set to be the pound’s […]
Majors Update
The BoE is widely expected to revise up its short-term growth and inflation forecasts following reassuring recent UK data, but the uncertainty surrounding soon-to-start Brexit negotiations is expected to keep […]
Sterling Continues To Push Against Majors
Sterling continues gains against major currencies this morning, pausing after a rollercoaster ride yesterday that followed a Supreme Court ruling that Britain’s government must go through parliament before starting talks […]
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 […]
Brexit – A Long Way To Go
Markets responded well to PM May’s speech on Wednesday with the pound surging against all its counterparts. Why wouldn’t they? May outlined a dream scenario. The ability to leave the […]
Sterling Steadies After A Few Volatile Days
The pound steadied this morning after a few days in which uncertainty about Brexit has seen both its biggest rise in decades against the dollar and two of its heaviest […]