House Of Lords Vote To Reject Brexit Bill


House Of Lords Vote To Reject Brexit Bill

The House of Lords voted 358 to 256 against the EU (Notification Of Withdrawal) Bill that is required for Theresa May to trigger Article 50 and begin the exit process. A majority of 102 members backed a Labour amendment to guarantee the rights of EU nationals who currently reside in the UK to remain after […]

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Weak UK Economic Numbers Today

Another slightly weaker than expected batch of economic numbers, this time on manufacturing sentiment, prodded the pound a touch lower against a broadly stronger dollar this morning, crimping its gains against the euro to a quarter of a percent. Sterling has been struggling in the face of figures in the past fortnight suggesting the UK […]

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Pound Suffers Due To Second Scottish Referendum News

Sterling traded close to a two-week low against the dollar today as investors awaited a speech by U.S. President Donald Trump, with the pound kept under pressure by worries about the future of Britain as it leaves the European Union. The pound fell to lows on Monday, its weakest in a fortnight, on reports that […]

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Sterling Devalues Due To Fresh Uncertainty

Sterling fell against major currencies this morning, as the prospect of another Scottish independence vote and signs a major merger was unlikely to go through renewed fears about Britain’s future as it prepares to leave the European Union. A report in the Times newspaper said British prime minister Theresa May is preparing for Scotland to […]

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Sterling Has Best Week Since January

Sterling slipped from a 2-week high to the dollar this morning but was still on track for its strongest week since January as concerns about politics in the United States and Europe took investors’ focus off immediate Brexit worries. Besides the Brexit bill making its way through Britain’s upper house of parliament, a week largely […]

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Euro Weakens as Le Pen Wins Latest Poll

Sterling rose almost 1 percent against the euro today, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The poll suggests anti-EU nationalist Le Pen may have more chance of springing a surprise if she makes it through to the […]

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Sterling Continues To Push

Sterling fell against the dollar but made ground versus the euro this morning, before Bank of England Governor Mark Carney and several his chief lieutenants testify in Britain’s parliament. The pound has been relatively steady compared with last year’s slump, but recent data suggest that consumer confidence may be starting to falter as inflation rises […]

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Positive Start For Sterling

The pound rose against most major currencies this morning, snapping a three-day fall versus the euro, at the start of another week likely to be dominated by questions about how Britain will leave the EU and the impact of Brexit on the economy. The upper house of parliament, known as the House of Lords, was […]

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UK Retail Sales Shock Sterling

Sterling sank by 0.5% on the day against the dollar and Euro this morning after British retail sales racked up their third monthly fall on the trot in January, disappointing expectations for a rise. December’s downwardly revised -2.1 percent was the second biggest monthly fall since comparable records began 20 years ago, and added to […]

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UK Data Better Than Expectations

British manufacturing grew more strongly than expected in December, showing the economy remained resilient to the end of the year despite June’s Brexit vote shock, although 2017 looks like it will be more difficult. Official data released this morning also showed the country’s smaller construction sector grew more quickly in December than many economists had […]

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