Sterling Boosts On Positive Brexit Negotiations


Sterling Boosts On Positive Brexit Negotiations

The European Union’s Brexit negotiators told national diplomats in Brussels late last night that a divorce deal with Britain was “very close”, according to two sources present at the meeting. The EU signalled that it was engaging with new proposals emerging in Britain on how to avoid extensive checks on the Irish border after Brexit, […]

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PM Speech Boosts Sterling

The exchange rates are listed at the bottom of this article. Please note they are for indication only. For a live quote please contact us. Sterling has gained against the Euro this morning after Theresa May delivered a defiant Brexit speech at the Conservative Party Conference. The exchange rate picked up yesterday afternoon after Mrs […]

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Expect GBP Volatility Over The Next Few Days

Sterling gained against after the UK was reported to be in the process of preparing a compromise on the Irish border issue in Brexit negotiations with the European Union. The reports, which came amid the Conservative Party Conference, could promise a necessary breakthrough or at least a remarkable step towards a trade accord ahead of […]

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Economy Grows Slightly Slower Than Expected

Sterling fell this morning after data showed that British companies had cut their investment in the second quarter of 2018 and the economy grew slightly slower than previously thought. The pound had already been under pressure as investors’ optimism for a Brexit trade deal has declined ahead of the ruling Conservative party’s annual conference next […]

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Brexit Continues To Dominate Market Movements

The British currency tumbled this morning on the back of broad dollar gains after a U.S. rate hike, and as investors waited for more Brexit-related headlines in the absence of any fresh economic drivers. Sterling fell more than a third of a percent against the dollar and edging towards a one-week lows hit last week. […]

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UK Retail Sales Better Than Forecasts

Sterling firmed versus the dollar and Euro, buoyed by optimism that Britain and the European Union can make significant progress towards a Brexit deal at an EU leaders summit. Investors have pushed up the pound to its highest since July this week as they grow confident that a Brexit trade deal – helping Britain to […]

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UK Inflation Surprises

UK inflation jumped unexpectedly to a six-month high in August, pushed up by bigger-than-usual seasonal increases in sea and air fares and higher theatre admission prices, official data showed this morning. CPI rose at an annual rate of 2.7 percent in August, compared with 2.5 percent in July, the Office for National Statistics said, above […]

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Market Update

Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union next year without a deal than if it reaches a Brexit agreement, the International Monetary Fund said this morning. The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a […]

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Potential Leadership Challenge To Prime Minister

Sterling stagnated this morning after reports of a potential leadership challenge to Prime Minister Theresa May and as realism set in about how far there remains to go before Britain can agree a Brexit trade deal. The BBC reported a group of about 50 lawmakers in British Prime Minister Theresa May’s party who oppose her […]

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UK Wage Data Comes In Strong

UK Pay growth picked up faster than expected to a rate that has not been exceeded in three years, as businesses found it harder to recruit staff, official figures showed this morning. Average weekly earnings excluding bonuses rose by 2.9 percent on the year in the three months to July, the fastest since March and […]

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