Sterling drops due to high court legal bid
Sterling was near a record low in trade-weighted terms yesterday as focus turned to the High Court which will hear a legal bid to force the British government to seek […]
Sterling slightly gains
The recently buoyant dollar came under pressure in Asian trading on last night, as sterling partially rebounded from its dramatic losses in the previous session. The pound was up 1.5 […]
Fresh lows for the pound today
Sterling fell back below $1.23 on Tuesday, trading down 0.6 percent on day as it continued to suffer from concerns about the economic fallout of Britain’s planned exit from the […]
Sterling losses continue
Sterling’s trade-weighted index fell to its lowest since early 2009 this morning, extending hefty losses seen last week, on deepening worry about an adverse impact on the British economy from […]
Pound crashes to 31 year low
A three-day decline in the pound after U.K. Prime Minister Theresa May set a date to start the process of leaving the European Union has left sterling trading at its […]
Pound plummets on brexit news
Sterling slid to its lowest in more than three decades against the dollar on Tuesday, on growing fears that Britain’s looming departure from the European Union will hit the economy. […]
UK Mortgage approvals drop off
British mortgage approvals fell to their lowest level since November 2014 last month as the housing market continued to slow after June’s vote to leave the European Union, Bank of […]
Brexit worries continue to control the pound
Fear of a “hard” Brexit that would see Britain lose access to Europe’s single market and erect tough barriers to immigration and trade kept sterling under pressure below $1.30 on […]
Pound down against all currencies
Sterling was weaker this morning, trading near a five-week low, as lingering worries over Britain’s exit from the European Union drove investors to sell the currency that has steadily lost […]
Sterling retracts after recent gains
Sterling slipped back towards $1.30 today, ending the week in much the same place as it started, with worries over Britain’s exit from the European Union keeping pressure on the […]