The Pound is at risk of steep losses during the summer months, according to Capital Economics and MUFG, as domestic political uncertainty and market fears of a 'no deal' exit appear set to rise following Prime Minister Theresa May's latest offer to MPs.
May 22,2019
The British Pound remains under pressure against both the Euro and U.S. Dollar on Tuesday, May 21 amidst a growing uncertainty on the UK political outlook.
May 21,2019
The Pound is set to rise from current levels before the year is out but not before it receives a drubbing over the summer as the political circus in Westminster leads investors and financial markets to increasingly prepare for a UK exit from the EU on World Trade Organization (WTO) terms.
May 20,2019
The embattled Pound finds no let up ahead of the weekend as news comes through that talks between Labour and the Conservatives to find a cross-party Brexit deal that could pass through the House of Commons have broken down.
May 17,2019
The Pound is on course for an summer of discontent as an embattled Prime Minister comes under increasing pressure to step aside for a Brexit-supporting replacement to take the helm, stoking market fears over the likely path the UK will take out of the European Union.
May 17,2019
The UK grew its reserves of foreign currency at noticeable rate in the run up to the original March 29 Brexit deadline, and we could see a similar build up ahead of the October 31 deadline says one analyst.
May 16,2019
The British Pound will on Thursday look to recover recent losses that saw the currency plumb fresh multi-month lows against the Euro, U.S. Dollar and a host of other currencies.
May 16,2019
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