GBP/USD
Bank of England hikes interest rates in bid to fight soaring inflation
BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely expected move, policymakers at the …
UK GDP falls in April
A pedestrian walks past closed-down shops on an empty Regent Street in London on April 2, 2020, as life in Britain continues during the nationwide lockdown to combat the coronavirus pandemic. Tolga Akmen The U.K. posted the biggest monthly fall in GDP (gross domestic product) in the country’s history in April, according to the Office …
Here’s how sterling will now trade as Britain breaks its Brexit deadlock
Prime Minister Boris Johnson and his partner Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory on December 13, 2019 in London, England. Peter Summers | Getty Images News | Getty Images Sterling will go into the first quarter of 2020 with some upside potential, according to currency experts, after a …
EU to rule on Brexit extension as UK faces possible election
BRUSSELS — Brexit is set to be delayed for a third time after U.K. lawmakers rejected Prime Minister Boris Johnson’s rushed timetable to force through the necessary laws to leave the European Union. On Tuesday, a majority of MPs (Members of Parliament) signaled their support for the agreement that Johnson reached with the other 27 …
UK and EU agree on new Brexit deal, Boris Johnson says
Negotiators from the U.K. and EU have reached a draft Brexit deal in the eleventh hour of talks, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. made concessions over the Irish border, an issue that had proven to be …
Sterling falls as DUP says it cannot support deal
Efforts are continuing to hammer out a Brexit deal Thursday as European Union leaders gather for a summit at which they could approve a tentative withdrawal agreement. But that could prove very difficult with the Democratic Unionist Party (DUP), a group of politicians in Northern Ireland which are allied with the ruling U.K. Conservative Party, …
Boris Johnson promises no Brexit checks at Irish border
LONDON — U.K. Prime Minister Boris Johnson promised his Conservative Party on Wednesday to deliver a Brexit that would “avoid checks at or near the border in Northern Ireland.” In his first party conference as U.K. prime minister, Johnson told delegates that a fresh text outlining how Britain and Northern Ireland can leave the European …
Petition and protests against UK parliament suspension
A public petition against U.K. Prime Minister Boris Johnson’s suspension of parliament passed the 1 million signature milestone within its first 24 hours as protests broke out across the country. The queen on Wednesday approved Johnson’s plan to suspend parliament from September 9 to October 14, a highly controversial move which would restrict parliamentary time …
Pound falls on reports UK government wants to suspend parliament
Boris Johnson speaks after being announced as Britain’s next Prime Minister at The Queen Elizabeth II centre in London, Britain July 23, 2019. Toby Melville | Reuters 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 in a bid …
UK set for a new prime minister as Brexit chaos rolls on
Boris Johnson (L) and Jeremy Hunt take part in the Jeremy Hunt and Boris Johnson debate Head To Head on ITV on July 9, 2019 in Salford, England. Handout | Getty Images News | Getty Images The U.K. will find out who its next prime minister will be this week as voting within the U.K.’s …
