Sterling Continues Gaining
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 23, 2019
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The British currency rose half a percent and neared $1.30 after data showed British workers’ pay grew at the fastest pace in over 10 years. The figures encouraged traders, who believe that a disorderly no-deal Brexit can be avoided, to buy the pound. But with little time left until Britain leaves the EU on March […]
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‘No Deal’ Brexit Unlikely
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 18, 2019
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The British pound rose to a two-month high against the euro, extending recent gains on growing expectations Britain can avoid a no-deal withdrawal from the European Union. Talk of a second referendum vote in the UK sparked a rally in afternoon trade which further lifted the currency. Prime Minister Theresa May has been meeting lawmakers […]
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Market Update
- Posted by currencies in Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 17, 2019
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May needs to find plan B and quickly. If May fails, the UK will drop out of the European Union on March 29 without a deal or will be forced to halt Brexit, possibly holding a national election or even another referendum. May has repeatedly refused to countenance another election and has warned that another […]
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D-Day For May
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, GBP, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 15, 2019
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Theresa May faced the prospect of defeat in today’s vote in parliament on her Brexit deal, leaving the country in limbo about its membership of the EU. May urged lawmakers to take a second look at her deal but parliament appeared set to reject the agreement. The vote is due to start at 7pm this […]
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Chances Of A General Election Rise
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, EUR, GBP, Inflation, Mark Carney, Prime Minister, Referendum, Sterling, UK, Uncategorised
- January 10, 2019
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The pound has dropped across the board after Theresa May lost two Brexit-related votes in as many days. Britain’s main opposition Labour Party will demand a general election if May loses a vote in parliament over her Brexit plans next week, we expect Corbyn to mention this today. The British currency was hit by the […]
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Sterling Strengthens Ahead Of Debates
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, EUR, Inflation, Mark Carney, Prime Minister, Sterling, UK, Uncategorised
- January 8, 2019
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Sterling has risen ahead of parliament reconvening this week and debate Prime Minister Theresa May’s Brexit withdrawal agreement. Traders expect the next two weeks to be highly volatile for sterling. A vote on May’s Brexit deal – which she has said MPs must back if Britain is to avoid a disorderly Brexit in March – […]
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Slight recovery for GBP -Dollar Weakens
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 4, 2019
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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 lowest since April 2017 yesterday after worries about the health of the global economy and particularly China sparked an investor exodus from currencies considered riskier. […]
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Flash Crash
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 3, 2019
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We are more likely to end up leaving the European Union without a deal if parliament rejects the agreement Theresa May has negotiated with Brussels, Brexit minister Stephen Barclay said this morning. With less than three months until Brexit lawmakers will make a pivotal decision later this month: accept May’s plans for a managed exit […]
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Big Few Weeks Ahead For May
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- January 2, 2019
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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 as housing and a skill shortage. May made the appeal in a New Year’s message little more than two weeks before a make-or-break vote in […]
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Pound Continues Losses
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 21, 2018
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Sterling has dropped off over after the Bank of England kept interest rates on hold and warned about the risks of a no-deal Brexit, with the British currency initially trading higher thanks to better-than-expected retail sales and a weaker dollar. The BoE said Brexit uncertainty had “intensified considerably” over the last month and that falling […]
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