UK Third Quarter Growth Strong


UK Third Quarter Growth Strong

Britain’s economy kept up healthy momentum during the third quarter, but this may prove a high watermark ahead of Brexit, official figures showed this morning. Gross domestic product in the three months to September was 0.6 percent higher than in the previous quarter, matching the consensus forecast in a poll of economists, figures from the […]

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Pound Continues To Gain

Sterling rose a quarter of a percent this morning as hopes grew for a Brexit deal breakthrough, encouraging investors to buy the British currency with the struggling dollar also fuelling gains. The European Union is preparing to back a compromise proposal on the Irish border to resolve the last major hurdle in Brexit negotiations, according […]

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Deal Likely

Sterling gained this morning, putting it on course for its second-best week of 2018 on optimism for a Brexit deal and signals from the Bank of England that if the exit from the European Union is smooth more interest rate hikes could be on the way. The pound enjoyed its best day of the year […]

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Market Update

The pound inched down to just above two-month this morning as traders prepared for the British finance minister’s annual budget speech later in the day. Philip Hammond will use his speech to urge his divided Conservative Party to back the government’s plan for a Brexit deal, or put at risk a long-awaited easing of austerity. […]

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90% Done Deal

European Union negotiator Michel Barnier said on Friday a Brexit deal with the United Kingdom was 90 percent done, although there was still a chance no accord would be reached due to ongoing stumbling blocks over the Irish border. On Thursday, British Prime Minister Theresa May and other EU leaders voiced renewed confidence that they […]

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Brexit Negotiations Stall

Sterling held near a one-week low today as Brexit negotiations appeared to have stalled before a crucial European Union summit later this week. Negotiators from both sides have been locked in talks this week to overcome differences on the biggest outstanding hurdle to a deal – how to keep the UK frontier with the Irish […]

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Pound Gains As Brexit Deal Gets Closer

Sterling hit a new high versus the euro and added to recent gains against the dollar this morning on optimism that Britain and the European Union can agree a Brexit deal soon. Britain’s ITV News reported late on Tuesday that the two sides had made progress in negotiations over an Irish border backstop, a key […]

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Brexit Deal To Be Agreed By November?

The British pound fell this morning against the US Dollar and traders re-assessed the chances of a breakthrough in Brexit negotiations after the encouraging headlines seen in recent days. European Union negotiators said on Friday an agreement with Britain was “very close” and European Commission President Jean-Claude Juncker said on Saturday a deal would be […]

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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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