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 […]
Pound Eases Off
The dollar weakened against other major currencies this morning, as markets took Federal Reserve Chairman Jerome Powell’s comment that U.S. interest rates were just below neutral as a signal that […]
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 […]
48 Letters Of No Confidence Submitted
Theresa May is fighting for survival today after a draft divorce deal with the European Union provoked the resignations of senior ministers and open mutiny in her party. Brexit minister […]
Brexit Secretary Raab Resigns – Pound Crashes!
British Brexit Secretary Dominic Raab resigned thrusting Prime Minister Theresa May’s government into turmoil just two days after she clinched an EU divorce deal that was mauled by opponents, allies […]
UK PM May faces a fight to seal Brexit deal
Prime Minister Theresa May will try to convince senior ministers this afternoon to accept a draft European Union divorce deal that opponents said would imperil her own government and threaten […]
UK Third Quarter Growth Strong
Britain’s economy kept up healthy momentum during the third quarter, but this may prove a high watermark ahead of Brexit, official figures showed this morning. Gross domestic product in the […]
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 Gains – Trump Doesn’t
Sterling rose for a third consecutive day, buoyed by a BBC report that Britain is preparing for a Brexit agreement by the end of November. The pound has benefited from […]
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 […]