Tag Archives: ‘nodeal’

Pound US dollar exchange rate: GBP flat as UK in 'good shape' for no-deal Brexit

Sterling was hit this week by investor fears that the possibility of a no-deal Brexit was becoming more likely. Yesterday, Boris Johnson topped the first ballot in the Conservative leadership contest while three contenders were knocked out. Mr Johnson received 114 votes, significantly ahead of his closest rival Jeremy Hunt, who received 43 votes, with currency markets […]

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Pound US dollar exchange rate: GBP slips as MPs vote down no-deal Brexit block

This follows last night’s parliamentary vote in which the Labour-led attempt to prevent the UK from leaving the EU without a deal in October was overturned by a majority of 11. The provided a boost for Conservative Brexiteer hopefuls such as Boris Johnson and Dominic Raab. Keir Starmer, the shadow Brexit Secretary who was instrumental […]

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Pound euro currency exchange rate: GBP steadies as Labour presses to BLOCK no-deal Brexit

This follows news that the Labour Party will introduce an effort to obstruct the future Prime Minister from requiring through a no-deal Brexit on 31 October. Keir Starmer, the Shadow Brexit Secretary, who pressed forward with the movement, commented: “That’s why we [the Labour Party] are taking this latest measure to end the uncertainty and […]

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Pound euro exchange rate: GBP steadies as Labour pushes to BLOCK no-deal Brexit

This follows news that the Labour Party will launch an attempt to block the future Prime Minister from forcing through a no-deal Brexit on 31 October. Keir Starmer, the Shadow Brexit Secretary, who pushed forward with the motion, commented: “That’s why we [the Labour Party] are taking this latest measure to end the uncertainty and […]

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Euro WARNING: No-deal Brexit 'could WEAKEN already fragile eurozone economy'

ECB Vice President Luis de Guindos urged markets to brace for the possibility of Britain leaving the European Union without a deal in place, or risk amplifying a downward financial trend in Europe. Analysts have become increasingly concerned over the state of the euro area economy in recent…

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Pound euro exchange rate: GBP sinks as shortened Brexit delay stokes no-deal fears

The pairing fell following reports that Theresa May would only delay Brexit by less than three months, after succumbing to pressure from pro-Brexit MPs. This has left some pound traders concerned, as hopes were rising yesterday that an extension to Article 50 could have been up to nine months,…

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