Like the euro, the dollar weakened against the pound as GBP was buoyed by hopes of a lower chance of a no-deal Brexit, reaching a low of 0.753 – at levels not seen since October 2018.
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The euro weakened against the pound yesterday afternoon, following Theresa May’s statement on the possibility of a short extension to Article 50, hitting a low of 0.8586. The Eurozone’s economic worries continue, as the GfK economic expectations sub-index…
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Theresa May, speaking in the House of Commons yesterday, raised the prospect of delaying Article 50 for the first time. The news buoyed the pound to a 21-month high of 1.167 against the euro, as the markets reacted…
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The pound finally hit a 21-month high of 1.167 against the euro yesterday as Prime Minister Theresa May made her first public admission that Brexit could be delayed – saying there would be an opportunity for a ‘short,…
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China’s import tariff rise has been delayed as talks appear to be coming through. Trump Tweeted that ‘…I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we…
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As the pound strengthened on news of a second referendum, euro dropped to 0.862 for the first time since late February. Today, we’ll see France and Germany’s consumer sentiment index, with, again, little change expected. As with the…
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The pound strengthened against the euro this morning as three ministers threatened to resign if the Prime Minister doesn’t delay Brexit, and Labour said it’d throw its weight behind a second referendum if Corbyn’s proposal fails.
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After a lull in the markets, the pound hit 1.158 against the euro this morning amid rumours of a delay to Brexit and increased likelihood of a second referendum. Previously, Theresa May denied reports that Brexit would be…
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