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Business articles

No-deal Brexit speculation weakens GBP

Pound exchange rates drifted lower again on Wednesday as Dominic Cummings, Boris Johnson’s most senior advisor, warned MPs that a vote of no confidenc

Pound recoups losses, USD pressured

The pound spent yesterday recouping its previous losses. Both the GBP/EUR and GBP/USD exchange rates marched higher on reports that PM Boris Johnson i

Risk of BoE rate cut could drive pound to ...

A temporary easing in market anxiety over Brexit helped to shore up the pound yesterday, even though the risk of the UK crashing out of the EU without

Will GBP slide as Boris Johnson moves into ...

Yesterday, July’s preliminary Eurozone consumer confidence data rebounded slightly, with the sentiment index increasing from -7.2 to -6.6.

Will UK retail sales data lend the pound ...

A steady reading from the headline UK consumer price index failed to shore up the pound yesterday.

Accelerating wage growth set to shore up pound

Increased anxiety over Brexit and the UK’s future trade outlook weighed heavily on the pound yesterday, with a potential US-UK trade deal remaining a

Euro could extend losses after Eurozone ...

The Bank of England’s (BoE) latest warning of potential volatility in the event of a no-deal Brexit was not enough to drive the pound lower yesterday.