May’s Chequers Plan Branded A Joke


May’s Chequers Plan Branded A Joke

Prime Minister Theresa May’s Brexit proposals were declared dead by the British media today after what they cast as a humiliation at the hands of European Union leaders at an informal summit in Salzburg. After a dinner of Wiener schnitzel in Salzburg, EU leaders said they will push for a Brexit deal next month but […]

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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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Sterling Hits Six Week High

The pound is at a six-week high, helped by a weaker dollar and reports of progress on the Irish border question, an obstacle to Brexit diplomats will try to overcome this week at a European Union summit. The United Kingdom is due to leave the EU on March 29 but no full exit agreement has […]

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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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Pressure On Theresa May

Prime Minister Theresa May’s Brexit strategy means disaster for Britain, former foreign secretary Boris Johnson said, as critics at home and officials in Brussels step up their opposition to her plans for how to leave the European Union. With under two months before Britain and the EU want to agree a deal to end over […]

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Pound Hits a 9 month low

Sterling slid to a nine-month low against the euro on Wednesday as investors sold the currency fearing Britain could soon leave the European Union without securing a trade deal. Sterling has slumped recently due to traders hedging against what they see as the growing chances of the currency plummeting if Britain crashes out of Europe […]

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Sterling Continues To Slide

The British pound steadied around the $1.30 mark on Friday as traders took stock at the end of a bruising week in which weak economic data and more political uncertainty around the government’s Brexit position hammered sterling. The currency dropped to its weakest, after worse-than-forecast retail sales data and slower-than-expected inflation rises combined with a […]

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UK Pay Growth Slows

British workers’ pay growth has slowed to its weakest in six months despite record employment, challenging the Bank of England as it considers whether to raise interest rates next month for only the second time since the financial crisis. Average weekly earnings rose by 2.5 percent on the year in the three months to May, […]

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UK Rate decision today

Sterling rebounded from a seven-month low against the dollar and hit the day’s highs versus the euro on Wednesday after Prime Minister Theresa May won a crucial Brexit vote in parliament, averting a rebellion that could have undermined her authority. The pound’s gains were limited, however, with traders divided as to whether May’s victory would […]

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Sterling hits a 5 day high

Sterling rose to a five-day high after British retail sales jumped for the second month in a row in May and far outstripped expectations. Sterling is likely to gain this year and by the time Britain leaves the European Union next March will have recouped a chunk of its losses since the June 2016 decision […]

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