Britain’s Economy Tips Into Recession
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- October 3, 2019
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Britain’s economy appears to have tipped into recession as firms brace for the risk of a disruptive Brexit in just a few weeks’ time, according to a survey which showed the dominant services sector took an unexpectedly sharp downturn last month. September’s IHS Markit/CIPS services Purchasing Managers’ Index (PMI) fell by more than any economist […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- September 25, 2019
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The Supreme Court’s decision which took place yesterday, called Prime Minister Boris Johnson’s suspension of parliament unlawful and said lawmakers should return to sitting, is widely seen as reducing the probability of Britain leaving the European Union without a divorce agreement on Oct. 31. Prime Minister Boris Johnson was flying home today as determined as […]
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Market Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Referendum, Sterling, UK, Uncategorised
- September 11, 2019
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British pound attempted a recovery and reached the highest level since July; however, the upside failed to gain traction. GBP seem to have bumped into a brick wall on the approach to $1.2350 despite some positive developments on Brexit front. Speaking at a press conference with the Irish leader Leo Varadkar, the U.K. Prime Minister […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Prime Minister, Rate Cuts, Sterling, UK, Uncategorised
- September 6, 2019
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The British pound was lower today after a tumultuous week in which it plunged to three-year lows before rebounding strongly as lawmakers voted to block a no-deal Brexit, making a snap election more likely. Opposition parties will discuss how to respond to Boris Johnson’s bid to call a snap election after the prime minister said […]
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Boris to try and call a snap election today
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Phillip Hammond, Prime Minister, Sterling, UK, Uncategorised
- September 4, 2019
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Boris Johnson will try to call a snap election today after lawmakers seeking to prevent him taking Britain out of the European Union without a divorce deal dealt him a humbling parliamentary defeat. Parliament’s move leaves Brexit up in the air, with possible outcomes ranging from a turbulent no-deal exit to abandoning the whole thing […]
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Sterling Drops Below $1.20
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Phillip Hammond, Prime Minister, Referendum, Sterling, UK, Uncategorised
- September 3, 2019
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Sterling has dropped below $1.20 this morning to a three-year low, as Prime Minister Boris Johnson’s implicit ultimatum to lawmakers to back him on Brexit or face an election sent investors scrambling to dump British assets. Barring an October 2016 ‘flash crash’ when sterling momentarily tanked to as low as $1.15, the British currency has […]
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Boris Johnson set to suspend parliament
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, Fed, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- August 28, 2019
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Britain’s government will seek to extend the period during which parliament does not normally sit, shutting it for around a month until Oct. 14, as part of a drive to prevent politicians from derailing its Brexit plan, the BBC reported. The move, also reported by the Guardian, limits the amount of parliamentary time available to […]
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Merkel Comments Give Brief Hope
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, Fed, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- August 21, 2019
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Sterling briefly jumped yesterday afternoon after German chancellor Angela Merkel said the European Union would think about practical solutions to the backstop, an agreed insurance policy for the Irish border that London wants scrapped. Prime Minister Boris Johnson’s demand that the EU reopen the Brexit divorce deal was rebuffed by the bloc. The deal includes […]
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Leaked Documents Hamper Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, No Deal, Sterling, UK, Uncategorised
- August 19, 2019
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In a no-deal Brexit the UK will be hit with fuel, fresh food and medical shortages along with a three-month period of chaos across ports, with a hard border in Ireland, leaked documents reveal. The leaked documents were written by the Cabinet Office and are called “Operation Yellowhammer” which was published by the Sunday Times. […]
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Sterling Continues Small Gains
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Economy, EUR, GBP, Inflation, No Deal, Retail Sales, Sterling, UK, Uncategorised
- August 16, 2019
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The pound gained for a second consecutive day today after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to block a no-deal Brexit. British retail sales unexpectedly expanded in July and signalled that consumers were taking the prospect of Brexit […]
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