Pound Gains Against Euro & Dollar
The British pound steadied around $1.25 this morning after a series of swings a day earlier driven by competing signals on the outlook for growth, interest rates and Britain’s withdrawal […]
PM’s Brexit Bill Faces Challenges In Parliament
Sterling hit a one-week low against the dollar as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate […]
Sterling Fall Continues To Hurt UK Companies
Sterling’s sharp fall against the U.S. dollar and Euro since June’s Brexit vote has so far hurt almost as many exporters as it has aided, the British Chambers of Commerce […]
Sterling Slips For Second Day
Sterling fell another 0.4 percent this morning after a fall in a closely-watched services sector indicator reawakened concerns over the impact of last year’s Brexit vote on a previously resilient […]
Sterling/Dollar Traded Above 1.27
Sterling rose to trade above $1.27 for the first time in seven weeks against the dollar, as investors awaited a Bank of England quarterly report that is expected to upgrade […]
Sterling Continues To Gain Against A Weak Dollar
Sterling pounced on a wounded dollar today, as it recovered from disappointing consumer credit data to cap its best January since 2011. It was also set to be the pound’s […]
May Visits Trump
Prime Minister Theresa May called on President Donald Trump on Thursday to renew the “special relationship” between Britain and the United States and lead in a new, changed world. In […]
UK GDP Better Than Forecast
Sterling hit a six-week high against the dollar and hit a three-week high against the euro this morning, This was after data showed Britain’s economy kept its robust momentum in […]
May Must Get Parliament Approval For Brexit Negotiations
The Supreme Court ruled this morning that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body […]
Sterling Makes Biggest Gains This Morning
Sterling was the biggest gainer among developed-market currencies this morning, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval […]