Sterling sheds gains against dollar as Brexit fears weigh June 12, 2020 The pound shed early gains against the dollar this afternoon as concerns over Brexit coupled with dire UK economic data weighed on sterling. Sterling has been edging lower this week after rising 3.9 per cent against the dollar in last week’s rally. Having recovered briefly this morning to touch $1.2653, the pound soon flattened back [...]
Sterling falls hard against dollar as UK prepares to extend lockdown April 16, 2020 The pound fell sharply against the dollar this afternoon as the UK looked set to extend its lockdown for a further three weeks despite signs that the peak of the coronavirus pandemic was nearing. The prospect of a further extension, which will keep the country under restrictive measures until early May at least, saw sterling [...]
Pound plunges after Boris Johnson admitted to intensive care April 6, 2020 The pound fell sharply against the dollar and euro this evening after Prime Minister Boris Johnson was admitted to intensive care. The Prime Minister was permitted to St Thomas’ Hospital last night with persistent symptoms of coronavirus. He moved to intensive care at roughly 7pm this evening after his condition deteriorated, Downing Street confirmed. The [...]
Sterling falls to six-month low as UK tightens virus measures March 17, 2020 Sterling dropped to its lowest level against the dollar in roughly six months today as the UK ramped up its measures to halt the spread of coronavirus. The pound fell as much as 0.6 per cent to $1.219 this morning — its lowest level since early September. Against the euro it edged up 0.2 per [...]
Pound pushes higher after chancellor reshuffle February 13, 2020 Sterling rallied this afternoon after the prime minister’s Cabinet reshuffle was thrown into disarray by the resignation of chancellor Sajid Javid. The pound fell against the dollar following Javid’s surprise departure, which came after the chancellor refused to fire two of his special advisers. But it swiftly bounced back to trade up 0.5 per cent [...]
Sterling slips back from $1.30 after John Bercow blocks Brexit vote October 21, 2019 Sterling dropped back from a six-month high against the dollar this afternoon after House of Commons speaker John Bercow refused to let the government put its deal to parliament for the second time in three days. Read more: Speaker Bercow could obstruct Boris Johnson’s bid for Brexit deal vote The pound opened around 0.6 per [...]
Poll: British pound to bounce if UK avoids no-deal Brexit October 4, 2019 The British pound will get a post-Brexit bounce if the UK leaves the European Union with a deal, a new poll of economists shows. However, if no Brexit deal is reached sterling will suffer further losses against the dollar, according to Reuters’ survey. Read more: Sterling jumps to push FTSE deeper into the red If [...]
Sterling rises as Supreme Court scuppers Boris Johnson’s Brexit plans September 24, 2019 Sterling has risen around half a cent against the dollar after the Supreme Court ruled that Prime Minister Boris Johnson’s move to prorogue parliament was unlawful. GBP rose to $1.2487 after Lady Hale announced the 11 justices’ unanimous decision that “parliament is not prorogued”. Read more: Bercow recalls MPs as Supreme Court rules parliament suspension [...]
The UK’s lead in the forex market is the envy of the world September 23, 2019 The UK’s foreign exchange market is the backbone of international trade and investing. It is vital to support exports and imports, which in turn give Britain access to resources. Without the ability to trade in different currencies, the UK’s prospects would be limited, and economic growth would suffer. A recent survey by the Bank for [...]
Pound falls back below $1.25 after earlier rising on Juncker’s Brexit comments September 20, 2019 The sterling has fallen back below the $1.25 barrier despite rising earlier today on hopes of a breakthrough in Brexit negotiations. The pound has fallen by 0.34 per cent to 1.248 on the back of a strong dollar, which in turn weakens the pound. The fall has undone some of the pound’s gains from yesterday [...]