News

Dollar weakens following cautious Fed

The Dollar has weakened overnight following the latest Federal Reserve interest rate-setting meeting. Policymakers kept interest rates on hold but warned that more stimulus was needed to help boost growth. Analysts now expect a rate cut in the US to follow next month...

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Pound struggles as Boris gets further support

Sterling has continued to push lower as fervent Brexiteer Boris Johnson continues to gather support in his bid to become the new PM. The first poll saw him take a huge share of the Tory MP votes and since then three out of the four candidates that have dropped out of...

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Theresa May to step down on 7th June

Theresa May is to step down as leader of the conservative party on the 7th June but will remain caretaker PM whilst a leadership contest decides who will take over her role. Her resignation has been widely anticipated in the markets as she’s come under extreme...

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Pound continues slide as key themes linger on

The Pound has continued to drift lower as the same themes endure with cross-party Brexit talks failing and Theresa May’s leadership under threat. Under growing pressure to quit, Mrs May met senior Tory politicians to discuss her future today. After overcoming a fairly...

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Pound pushes higher as May reaches out to Labour for support

The Pound has been moving higher after yesterday’s marathon Cabinet talks ended with May announcing that she would begin cross-party talks with Labour to try and break the Brexit impasse. She will seek another short deadline extension and hope to get the extra votes...

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Pound poised as May tries third time lucky on her vote

The Pound trades at relatively subdued levels but is poised ahead of May’s third attempt to get her Brexit divorce agreement through Parliament. After no majorities were found from the indicative votes held in Parliament on Wednesday night - an attempt to break the...

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