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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Brexit Vote Rescheduled For January
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 18, 2018
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The pound edged off 20-month lows yesterday as British Prime Minister Theresa May rescheduled a delayed vote in parliament on her Brexit plan for mid-January. Sterling, trading at $1.26, inched higher as May confirmed the vote – postponed last week in the face of deep opposition – would happen in the week starting on Jan. […]
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Vote Of No Confidence – Vote 6PM Tonight
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 12, 2018
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Sterling continues to be volatile after Britain’s justice minister said the government would have to delay Article 50 – Britain’s notice to withdraw from the European Union – if Prime Minister Theresa May lost a no-confidence vote. The British currency plunged to a 20-month low of $1.2477 overnight after lawmakers in May’s Conservative party managed […]
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Sterling Bounces Back
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 11, 2018
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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 political uncertainty in Britain. May said on Monday she was delaying the planned vote as her deal would likely be rejected “by a significant margin”. […]
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My Deal – No Deal Or Reversal!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 6, 2018
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Prime Minister Theresa May has said this morning that British lawmakers faced a choice ahead of a vote on her Brexit deal: approving her deal or facing an exit with no deal or even the reversal of Brexit. A No Deal would be disastrous for the UK; however, a reversal does not seem such a […]
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The UK can halt Brexit – Revoking Article 50
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 4, 2018
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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 Sanchez-Bordona’s written opinion is an independent legal solution to the question of whether an EU member state such as the UK can decide on its […]
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December 11th Vote Will Go Ahead
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 3, 2018
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Next week’s parliamentary vote on British Prime Minister Theresa May’s deal will go ahead, interior minister Sajid Javid confirmed this morning, rejecting media speculation that the government might not go ahead with the vote because they could lose it. Opposition parties, the small Northern Irish party that props up May’s government as well as many […]
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More Pressure On May
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 20, 2018
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The DUP who prop up British Prime Minister Theresa May’s government sent her a stark warning over her draft Brexit divorce deal, pulling support in several parliamentary votes on a finance bill. The move breaches the DUP’s deal with May and throws further doubt over whether she has the numbers to approve a draft Brexit […]
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48 Letters Of No Confidence Submitted
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 16, 2018
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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 Dominic Raab resigned on Thursday over her deal, sending the pound tumbling. Mutinous lawmakers in her own party openly sought to challenge her leadership and […]
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Brexit Secretary Raab Resigns – Pound Crashes!
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- November 15, 2018
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British Brexit Secretary Dominic Raab resigned thrusting Prime Minister Theresa May’s government into turmoil just two days after she clinched an EU divorce deal that was mauled by opponents, allies and mutinous members of her party. The resignation of such a senior minister puts the United Kingdom into a political crisis just as May was […]
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