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Sterling started the day lower after British Prime Minister Theresa May’s offer to quit failed to convince hard-line opponents to back her Brexit withdrawal agreement, fuelling more uncertainty for the […]

Slight recovery for GBP -Dollar Weakens

Sterling rose this morning after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check. The pound sank to its […]

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 […]

Big Few Weeks Ahead For May

Theresa May urged MPs to back her Brexit deal, promising that it would allow the country to “turn a corner” and let the government focus on solving domestic problems such […]

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 […]

Inflation Lower

Headline inflation data is showed a decline to 2.3 percent for the month of November from 2.4 percent previously and edging towards a 2 percent target in the coming years […]

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 […]

Second Referendum?

The pound hovered near 18 month lows this morning, with reports that more politicians are calling for a second Brexit referendum. With British Prime Minister Theresa May facing deadlock in […]

Brexit Back On Track

Theresa May was set to ask European leaders for help today after a mutiny by more than a third of her MPs failed to unseat her but left parliament heading […]

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