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 […]
Retail Sales Above Forecast
Sterling gained nearly half a percent against a weakened dollar today, as traders prepared for British retail sales data and the Bank of England’s interest rate decision. Analysts put most […]
Brexit Vote Rescheduled For January
The pound edged off 20-month lows yesterday as British Prime Minister Theresa May rescheduled a delayed vote in parliament on her Brexit plan for mid-January. Sterling, trading at $1.26, inched […]
Sterling Set For Further Losses
Sterling steadied this morning however it was on track for a third consecutive week of losses as investors keep clear before the British parliament’s vote on Brexit next month. Prime […]
Sterling Volatility Kicks In
The British parliament will vote down Prime Minister Theresa May’s possible Brexit, so voters should be given a new referendum, May’s former education minister said this morning. Asked if there […]
Dollar Recovers From Mid Term Election Losses
The dollar rose this morning, pulling away from lows hit yesterday, as the market breathed a sigh of relief after the U.S. midterm elections and as investors turned their attention […]
Sterling Rallies On Positive Brexit News
Sterling rallied after a newspaper report said Britain was nearing a deal for leaving the European Union and that an all-UK customs arrangement would be part of it. With talks […]
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 […]
95% Brexit Done – According To May
Sterling firmed modestly versus the dollar, benefiting from the greenback’s retreat and signs a Brexit deal was almost done, though the prickly Irish border issue and disagreements within the UK […]
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 […]