Market Update
Sterling fell to a two-week low after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global […]
Pound Could Drop by 2% on Election Results
Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the […]
Election Polls Key For Sterling
The pound was pretty static this morning as investors calculated the risks which the upcoming general election poses to Britain’s ability to sign a trade deal with the European Union […]
Brexit Showdown In Parliament Today
Prime Minister Boris Johnson faces two pivotal Brexit votes in the British parliament today that will decide if he can deliver on his pledge to lead the United Kingdom out […]
Market Update
The Supreme Court’s decision which took place yesterday, called Prime Minister Boris Johnson’s suspension of parliament unlawful and said lawmakers should return to sitting, is widely seen as reducing the […]
Market Update
British pound attempted a recovery and reached the highest level since July; however, the upside failed to gain traction. GBP seem to have bumped into a brick wall on the […]
Sterling Drops Below $1.20
Sterling has dropped below $1.20 this morning to a three-year low, as Prime Minister Boris Johnson’s implicit ultimatum to lawmakers to back him on Brexit or face an election sent […]
Boris Johnson set to suspend parliament
Britain’s government will seek to extend the period during which parliament does not normally sit, shutting it for around a month until Oct. 14, as part of a drive to […]
Market Update
The pound edged higher after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on […]
Snap Election Fears Hit Sterling
Sterling has strengthened against the euro this morning after some volatile trading over the weekend. In overnight trade on Friday into Saturday, the pound pushed towards 1.06 against the euro. […]