Flash Crash


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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Sterling Bounces Back

Sterling tumbled to its weakest since April 2017 yesterday after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening political uncertainty in Britain. May said on Monday she was delaying the planned vote as her deal would likely be rejected “by a significant margin”. […]

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Theresa – May Lose Vote Next Tuesday

A senior lawmaker in Prime Minister Theresa May’s Conservative Party said he would vote against her Brexit deal and predicted parliament would reject it by at least 80 votes, The Telegraph newspaper reported. “Brexit should be an opportunity for our country to spread its wings, not have them clipped,” Mark Harper, who formerly served as […]

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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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More Pressure On May

The DUP who prop up British Prime Minister Theresa May’s government sent her a stark warning over her draft Brexit divorce deal, pulling support in several parliamentary votes on a finance bill. The move breaches the DUP’s deal with May and throws further doubt over whether she has the numbers to approve a draft Brexit […]

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Pound Hits Fresh Lows

Sterling hit a ten-week low on this morning as concern about Britain’s departure from the EU led investors to largely ignore hopes of an end to austerity raised by Britain’s finance minister Philip Hammond. The pound has weakened 4 percent since September as traders fret over lack of progress in divorce talks over issues including […]

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Brexit Latest

The British pound sits near a seven-week lows against the dollar this morning and three-week lows versus the euro, as doubt grows about whether the UK and the European Union can clinch a Brexit deal. Bloomberg reported this morning that Brexit talks were on hold because Prime Minister Theresa May’s cabinet was not close enough […]

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PM Has Backing From Her Party

Theresa May received a show of support from her Conservative Party at a meeting in parliament, shifting the focus away from talk of an imminent leadership challenge over her Brexit strategy. May has angered both supporters of Brexit and pro-EU lawmakers since failing to clinch a deal at an EU summit last week by raising […]

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UK CPI & RPI Weaker

Sterling drops notably just after September consumer inflation data came in lower than expected. Headline CPI slowed to 2.4% yoy, down from 2.7% yoy and missed expectation of 2.8% yoy. Core Inflation slowed to 1.9% yoy, down from 2.1% yoy and missed expectation of 2.1% yoy. The ONS noted that “The largest downward contribution to […]

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Barnier Throws Spanner In The Works

On Wednesday Sterling rose half a percent after European Union Brexit negotiator Michel Barnier signalled progress on a deal with the UK over its withdrawal from the bloc, as well as on the crucial Irish border question. Barnier said 80-85 percent of the withdrawal deal was agreed. However, this morning the pound has dropped by […]

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