Tag: Pound
Boeing and Brexit drama are hitting market sentiment
Traders are still jittery over Boeing's woes and Theresa May's Brexit deal was voted down in Parliament, leading to uncertainty and a bit of relief.
The downtrodden pound could be a big winner from the UK’s Brexit chaos, but investors are expecting a bumpy ride
May's defeat makes a second referendum, or Britain never leaving the EU at all, more likely. Those scenarios would be a godsend for pound bulls.
The pound is fighting back after Theresa May suffers a crushing defeat in Brexit vote
May was widely expected to suffer a crushing, and that defeat came to pass, with MPs voting 432-202 against the Withdrawal Agreement.
A Brexit-backing hedge fund titan now says Britain won’t actually leave the EU, and is betting big on the pound
"My view is that it ain’t going to happen," Crispin Odey said. "I just can’t see how it happens with that configuration of parliament."
‘Like playing darts while riding a unicycle’: Markets just don’t know what to make of UK politics right now
London traders are struggling to make sense of the shocking move by Prime Minister Theresa May's own party to try and oust her from power.
The pound is surging after UK and EU make a fresh Brexit breakthrough
The pound has gained more than 1.1% against the dollar on Thursday morning.
The pound is rocketing on reports Brexit negotiators have reached a deal
The pound is charging higher against other major currencies on Tuesday afternoon.
The pound is tanking as Theresa May’s speech deepens Brexit crisis
As May's speech ended at around 2.10 p.m. BST (9.10 a.m. ET), the pound was down 1.4% against the dollar and around 1% against the euro, as markets interpreted May's words as making a hard Brexit more likely.
The pound took off after the EU’s chief Brexit negotiator said a deal could be just weeks away
The pound dollar exchange rate gained more than 1% to trade above $1.30 after Michel Barnier said a Brexit deal is possible in six to eight weeks.
The pound soared after reports of a major Brexit compromise from Germany
The pound spiked higher, climbing almost 1% against the dollar on the day, although it remained below the psychologically significant $1.30.