News

Pound jumps on optimistic Juncker comments

The Pound has rallied overnight following comments from European Commission president Juncker which have increased optimism of a Brexit deal being made before the end of October.  In an interview with Sky news, he said “we can have a deal" on Brexit. He also said he...

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Pound drops as political uncertainty weighs

Sterling has lost ground today as political uncertainty ramps up with Johnson suspending parliament and increading odds of a snap general election.   Last week, Boris Johnson announced plans to suspend Parliament for over 4-weeks from early September which was later...

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Pound jumps on Merkel positivity over finding backstop solution

The pound has just bounced higher following some more positive comments from Germany’s Merkel this afternoon. She suggested that solutions for Brexit and the Irish backstop could be found by the 31st October deadline. This follows on from an upbeat meeting between her...

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Pound set for a good week, particularly against the Euro

Sterling has clawed some ground back this week and looks set for its biggest weekly gain in a couple of months. This follows on from some resilient UK economic data releases this week, including better-than-expected earnings, retail sales, and inflation figures....

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Pound slips as UK economic growth slides

Sterling has just dipped after official data showed that Britain’s economy shrank in the second quarter of this year. The growth data (GDP) came in worse than expected at -0.2% versus forecasts for a flat reading. This data increases fears that the UK could be heading...

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