May Speaks Thus Afternoon About Brexit Plans
The pound recovered from 3-month lows this morning, rising 0.7 percent against a broadly weaker dollar and 0.3 percent against the euro before a speech by Prime Minister Theresa May […]
Sterling Continues To Devalue – Big Few Days Coming Up
Britain’s pound fell sharply this morning as concern mounted that the country was heading for a “hard” Brexit from the European Union and its single market, a day before a […]
Sterling Gains Against Dollar After Trump Speech
Sterling rose this morning from its lowest levels for almost 32 years — excluding a “flash crash” in October — with the dollar weakened by a lack of detail on […]
Sterling continues to devalue
Sterling edged towards a 10-week low against the dollar this morning, kept under pressure by fears that Britain will undergo a “hard” exit from the EU in which access to […]
Sterling gains due to better than expected PMI data
Sterling inched higher against a broadly weaker dollar today after hitting a two-month low on a volatile first day of 2017 trading in London when Britain’s chief EU negotiator quit. […]
Big Year Ahead For Sterling
Happy New Year! UK manufacturers saw confidence levels reach a 30-month high as output and new orders strengthened. The manufacturing purchasing managers’ index (PMI) rose to 56.1 in December, up […]
Pound drops further against Euro & Dollar
Sterling fell to a two-week low against the euro today after a survey of British consumers showing a gloomy view of the economy’s prospects next year kept it on the […]
May to make statement in parliament this afternoon – Brexit
Britain’s pound steadied from two straight weeks of losses against the U.S. dollar this morning after further hints the government is looking at ways to smooth its exit process with […]
EU hold Brexit talks
European Union leaders agreed their plan for Brexit negotiations, pledging to move swiftly and stick together to ensure Britain does not cherry pick a sweet deal that might inspire others […]
Dollar gains after Fed rate hike
Sterling fell almost half a percent in morning trade in Europe this morning, suffering along with a raft of other currencies against the dollar after the U.S. Federal Reserve raised […]