Slight recovery for GBP -Dollar Weakens


Slight recovery for GBP -Dollar Weakens

Sterling rose this morning after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check. The pound sank to its lowest since April 2017 yesterday after worries about the health of the global economy and particularly China sparked an investor exodus from currencies considered riskier. […]

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Flash Crash

We are more likely to end up leaving the European Union without a deal if parliament rejects the agreement Theresa May has negotiated with Brussels, Brexit minister Stephen Barclay said this morning. With less than three months until Brexit lawmakers will make a pivotal decision later this month: accept May’s plans for a managed exit […]

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Big Few Weeks Ahead For May

Theresa May urged MPs to back her Brexit deal, promising that it would allow the country to “turn a corner” and let the government focus on solving domestic problems such as housing and a skill shortage. May made the appeal in a New Year’s message little more than two weeks before a make-or-break vote in […]

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Pound Continues Losses

Sterling has dropped off over after the Bank of England kept interest rates on hold and warned about the risks of a no-deal Brexit, with the British currency initially trading higher thanks to better-than-expected retail sales and a weaker dollar. The BoE said Brexit uncertainty had “intensified considerably” over the last month and that falling […]

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Market Update

Sterling fell more than half a percent to this morning after Prime Minister Theresa May returned from a visit to Brussels, where she attempted to win assurances from the European Union over her Brexit withdrawal agreement. The trip, which has been cast by opponents as a failure, has not gone down well in currency markets, […]

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Brexit Back On Track

Theresa May was set to ask European leaders for help today after a mutiny by more than a third of her MPs failed to unseat her but left parliament heading for deadlock over Brexit. May won the backing of 200 Conservative members of parliament in the high-stakes secret vote while 117 dissented, far from the […]

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Vote Of No Confidence – Vote 6PM Tonight

Sterling continues to be volatile after Britain’s justice minister said the government would have to delay Article 50 – Britain’s notice to withdraw from the European Union – if Prime Minister Theresa May lost a no-confidence vote. The British currency plunged to a 20-month low of $1.2477 overnight after lawmakers in May’s Conservative party managed […]

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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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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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