2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.
2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.
2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.
2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.
2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.
2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.
2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.
2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.
2016: Soon after the referendum results announcement, FTSE100 has returned to update its historical highs.
2017: FTSE100 followed overall growth trend. National economy gained momentum which helped index to grow, despite GBP recovery.
2018: GBP and FTSE100 were simultaneously in decline. Fears of Britain leaving the EU without an agreement created risks of a fundamental change in business conditions for national companies. So, FTSE 100 has lost about 15% from its local highs by the end of the year, due to fears of a no-deal “hard Brexit”.
2019: Boris Johnson returns to power with the big majority after the UK General Election. So, Tories get 364 MPs. GBPUSD consolidates this massive win-led surge to the 19-month high, above mid-1.3400s.
Boris Johnson will return to Downing Street with a big majority after the Conservatives swept aside Labour in its traditional heartlands. The prime minister said it would give him a mandate to take the UK out of the EU next month.
Sterling slid on Wednesday morning as some caution returned to a currency market which had largely priced in a clear Conservative victory.
'Many of those preparations will be extremely valuable as we come out of EU arrangements anyway. So I think that they were a right thing to have done and to keep in a state of readiness,' he told reporters.
The chances of a Conservative Party majority after next month’s UK election hit their highest of the campaign on Thursday and lifted sterling in tandem after a closely watched polling model indicated the party could win its biggest majority since 1987.
A snap YouGov poll suggested the public were evenly split on who had won the debate, 'with most Labour voters thinking Jeremy Corbyn won, most Conservative voters thinking Boris Johnson won'.
Two BoE's polycymakers said their vote for an interest rate cut was driven by reduced job vacancies and downside risks from the global economy and Brexit.
Brexit has returned to its normal state: the exit date postponed again, and all scenarios are still possible, although the chances of an exit without a deal are now negligible.
The British parliament will vote on the Brexit agreement today at 18:00 GMT. In theory, this should be a simple vote, with a definite “yes” or “no” answers. The UK parliamentarians have to report whether they support the Agreement principles approved by the 27 EU leaders.
Prime Minister Boris Johnson, as required by law, wrote a letter asking the EU to consider the possibility of rescheduling the deadline for leaving the EU again. The “Meaningful vote” for the Deal is scheduled for Monday.
British Prime Minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc. The possible deal news was the main contributor behind the strengthening of the British Pound against the dollar by more than 6% over the week close to 1.30
The British pound has seen a wild day of trading amid reports of progress and obstacles during a last day of Brexit talks between the U.K. and EU.
Negotiating teams from the U.K. and EU are entering their final day of Brexit talks Wednesday with hopes that a deal can be reached before a crucial EU summit.
This week will be critical for the British currency, which may result in increased volatility of sterling both downwards and upwards.
GBPUSD recovers to a two-week high after Irish Prime Minister Leo Varadkar’s comments on the possible Brexit deal “in the coming weeks” after a meeting with British Prime Minister Boris Johnson.
The FTSE 100 was on a knife-edge on Tuesday morning, swinging in and out of the red in the first hour of trading.
Prime Minister Boris Johnson has amped up his rhetoric that the U.K. will leave the European Union at the end of this month — even if the two sides can’t agree on the terms of its departure or their future trading relationship
Speaking to local businesses in Northern England, Bank of England policymaker Michael Saunders said the U.K. could be looking at an interest rate cut if uncertainty around Brexit continues to persist.
GBPUSD added about 5% to the lows in early September. As well as in 2016, drop to 1.20 increases impressive support from the pound buyers.
The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News.
Speaking on CNBC’s “Squawk Box Europe” on Thursday, Hans Redeker, global head of FX strategy at Morgan Stanley, said the British currency could be heavily influenced by the outcome of next month’s European council meeting.
UK Prime Minister Boris Johnson’s office has confirmed the British Parliament will be suspended for the next five weeks starting Monday.
On Friday, the pound fluctuates around the maximum for 6 weeks, at $1.2353. Investors’ sentiment has improved, and the degree of unrest around Britain’s likely exit from the EU without a trade deal has clearly declined.
Another day of frenzied politicking saw Prime Minister Boris Johnson suffer a series of defeats in the House of Commons, potentially derailing his Brexit plans and opening the door to yet another Brexit delay and also the possibility of early elections
The British pound returned to the area of 34-year lows at 1.2030, declining for the fifth trading session in a row, following the latest wave of no-deal Brexit fears.
Sterling fell below $1.20 on Tuesday morning, reaching levels not seen since October 2016 as Britain’s constitutional crisis over Brexit threatens to come to a head. At around 8:00 a.m. on Tuesday, sterling was trading as low as $1.968
U.K. Prime Minister Boris Johnson has scheduled the formal reopening of parliament for October 14 — a highly-controversial move that would restrict parliamentary time before the Brexit deadline
Sterling fell 1% against the dollar Wednesday morning after a report said that U.K. Prime Minister Boris Johnson will ask the queen to suspend parliament
A possible trade deal with the U.S. will do little to mitigate the impact of Britain leaving the EU without a deal in place, economists have told CNBC
Michelle Whelan, chief executive of retail marketing agency Geometry U.K., told CNBC that if Britain exits the EU without a deal, the price of some legitimate products may rise by more than 10% due to scarcity
Sterling fell close to the lows, which was only briefly reached only after the Brexit referendum in 2016
The pound is trading at levels not seen since early 2017. But who is feeling the effects worst and who is benefiting?
The British pound was sold out on growing fears of a potential ‘no deal’ Brexit. GBPUSD declined by 2% to 1.2130
Negative scenarios of exit from the EU without a deal are again put in the GBP price, as the new Prime Minister Johnson intends to leave “no ifs or buts” on October 31
Comparing Donald Trump and Boris Johnson, the U.K.’s next prime minister
Johnson – an ardent eurosceptic – takes the post of PM and continues to not rule out leaving the EU without a deal
U.S. Economist Andrew Hunter believes that the U.S. really doesn’t have that much to gain – or lose – from a disorderly Brexit, or even a trade deal, given that U.S. exports only account for 0.7% of U.S. GDP
The prospects of Boris Johnson – one of the most consistent supporters of a hard Brexit – becoming UK prime minister, took away about 0.5% from the pound
Unexpectedly strong data led to a stop in the sale-off of British currency, which since the beginning of the month lost more than 2%
One of the pound’s most accurate forecasters is predicting the currency will rebound on expectations that Britain will miss the latest deadline for leaving the European Union
On Monday, the British pound was again under pressure due to the uncertainty around Brexit
“As the U.K. makes preparations to exit the European Union, the United States is committed to a phenomenal trade deal between the U.S. and the U.K.,” Trump said at a joint press conference with U.K. Prime Minister Theresa May.
British Prime Minister Theresa May unveiled a timetable for her departure as leader on Friday morning, drawing her turbulent three-year premiership to an abrupt end.
The pound is on a record losing streak and there aren’t many investors ready to stand in the way of further losses.
The chronic inability of UK politicians to agree on Brexit conditions form downward pressure on the pair
The British pound offset all its growth gained at the end of last week after hopes of a May deal with Labour’s leader faded
Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence
EU countries provided Britain with a six-month postponement of exit with the possibility of further shifting this date
Brexit is on course to be delayed until the end of October under a plan to avoid a chaotic no-deal split, risking six more months of political uncertainty over Britain’s ties to the European Union
The IMF cut its outlook for U.K. growth to 1.2 percent this year, down 0.3 point from three months ago
Despite the growing uncertainty around Brexit, GBPUSD found support on a downturn below 1.3000
Prime Minister Theresa May has written to European Council President Donald Tusk to request a delay to the U.K.’s departure from the bloc until June 30
Britain took a decisive step away from a damaging no-deal Brexit as members of Parliament and political leaders backed efforts to prevent a disorderly departure from the European Union
The British pound pushed off from the 1.30 against the dollar after May’s comments that she will ask the EU to postpone the Brexit date further
After a tumultuous week in which May’s divorce strategy was rejected by lawmakers for a third time, despite her offer to quit if it passed, the future direction of Brexit remains mired in confusion.
Goldman Sachs on Monday estimated Britain's economy has lost nearly 2.5 percent of GDP relative to its growth path prior to the mid-2016 referendum
The probability of a chaotic Britain exit from the EU on April 12 increased after another refusal of the British Parliament to support the existing deal
Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the very day it was supposed to quit the bloc
Bank of England estimates that nearly 800 million pounds per week have been shed from the economy every week since the decision passed in 2016
Investors view this situation in terms of the emergence of possible new alternatives to the current exit plan. In particular, it is possible that we will see new polls related to a softer exit, a longer postponement, or even a new referendum.
The pound is on the move to give away some recent gains, potentially heading to 1.3050 area to USD
On Tuesday, March 12, the British Parliament will hold a second vote on the adoption of the Brexit plan, agreed with the EU. The January 15 vote ended in a resounding failure, considered the worst in the last century.
UK Prime Minister Theresa May has laid out plans for a possible extension to Article 50 to avoid the UK leaving the European Union at the end of March without a deal. Such an extension would first require MPs to vote to reject both the prime minister’s current deal and a no-deal scenario.
The pound jumped on the news that May intends to offer the cabinet to consider Brexit postponing if there is no deal with the EU. Markets always positively respond to news aligned with possible delays.
Yesterday the British pound crossed the threshold 1.30 after a sharp jump by more than 1.2%, continue its growth since Friday.
The U.K. economy continued to add jobs in the final months of 2018, in spite of persistent jitters over the country’s exit from the European Union.
Britain’s economy slowed last year to its weakest growth rate since the global financial crisis as mounting uncertainty over Brexit weighed on businesses and kept a lid on their investments
Recent inflation data in the UK put pressure on the pound. GBPUSD has turned to decline from 1.29 after the release of disappointing inflation data for January.
Brexit uncertainty dragged U.K. investment to its worst slump since the financial crash a decade ago, leaving the economy with barely any momentum.
The uncertainty surrounding Brexit and the possibility of exit without a deal is resulting in a decline in British building activity.
Another dramatic evening last night, as the UK Parliament votes down amendments to the draft Brexit agreement that could have potentially paved the way to an extension and a second referendum.
Pound is strengthening for the second day in a row as Parliament is trying to persuade the Government to postpone the Brexit date past March 29th to take no-deal off the table.
British Prime Minister Theresa May said on Monday, that the government is working on proposals to seek further concessions from the European Union.
Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years...
“The final vote on Brexit will take place on Tuesday in the Houses of Parliament.” We were sure of that yesterday. But something didn’t go according to plan...
Our BREXIT key facts timeline will help you to get a first look at how and why the U.K. decided to leave the EU and how the last two years have unraveled.