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 […]
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 […]
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 […]
Sterling Bounces Back
Sterling tumbled to its weakest since April 2017 yesterday after Prime Minister Theresa May pulled a parliamentary vote on her Brexit deal with the European Union, panicking investors about deepening […]
The UK can halt Brexit – Revoking Article 50
The UK can halt Brexit by unilaterally revoking Article 50. An advocate general from the European Court of Justice (ECJ) has published his legal opinion on the case. Manuel Campos […]
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 […]
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 […]
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 […]
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 […]