Pound Rallies After Barnier Comments
The British pound held firm today, after making its biggest gains in seven months yesterday, taking heart from the European Union’s offer of a post-Brexit ‘partnership’. The pound surged as […]
Theresa May’s Comments Sink The Pound
Growing concerns about a “no-deal” Brexit pushed the pound to a near one-year low against the euro today. Mainly we have seen this drop as Prime Minister Theresa May has […]
Positive UK Data Having Zero Impact On Sterling Value
The British pound slipped against the euro to within a whisker of its weakest since September 2017, hurt by a rally in the single currency and concerns about whether Britain […]
Government Step Up Planning For A No-Deal Brexit
Sterling fell again this morning as the government stepped up planning for a no-deal Brexit, reviving concern among investors about what would happen to the currency if Britain left the […]
Trump Comments Weaken US Dollar
The pound rose towards a two-week high this morning after the dollar fell following comments from U.S. President Donald Trump that he was unhappy with the Federal Reserve for raising […]
Raab In Brussels For Two More Days Of Negotiations
Sterling has continued to be under pressure and is still near the 14-month lows reached last week on concerns about forthcoming talks that may decide whether Britain gets a trade […]
Positive UK Data This Morning
Britain’s economy picked up some speed in the second quarter after a sharp winter slowdown earlier in the year but lost momentum in June, official data showed this morning. Gross […]
Sterling Weakness Continues
The likelihood Britain crashes out of the European Union without a trade deal has increased, an outcome that would hurt an already weak pound, according to economists and foreign exchange […]
No Deal Brexit looks likely
The pound sank to its lowest in nearly three weeks following a stronger dollar and comments by officials suggesting Britain could crash out of the European Union next year without […]
Will UK Raise Rates This Week?
The Bank of England should raise interest rates this week but also tell the public it will be ready to make a U-turn if Brexit talks sour or trade tensions […]