Post Profile






Sterling Surges After UK PM May Appears To Back Away From 'Hard' Brexit

Following a 240 plunges in Cable today, the pound is frenetically bouncing in early Asian trading after Bloomberg reports that UK Prime Minister Theresa May has accepted that Parliament should be allowed to vote on Brexit (but in a way that gives her space to negotiate) but adding that there shouldn’t be an attempt to block Brexit. With the pound plummeting day after day, it appears a desperate effort to staunch the flow (and surge in implied inflationary pressure) prompted a modest concession by UK PM Theresa May away from her 'hard' Brexit call last week.
read more

share

Related Posts


Britain Has 'Work to Do' On Brexit: Danish Prime Minister

Technology : News Week: Technology and Science

The Danish prime minister Lars Løkke Rasmussen has warned that Britain has “quite a lot of work to be done” on its Brexit strategy after meeting with Theresa May. The two leaders met on Monday in May’s first bilateral with an EU lea...

Pound Falls as Theresa May Warned Over 'Hard Brexit'

News : Newsweek: US

The pound has slumped after British Prime Minister Theresa May announced the first details of her Brexit plans—as colleagues warned her of the consequences of a “hard” Brexit. After May said on Sunday that she would trigger the Arti...

Cable Is Crashing... Again

Business & Finance : Zero Hedge

"Pounded"... Cable has retraced back down over 60% of its flash crash collapse... “The sentiment on sterling is closely tied to expectations of hard Brexit,” said Georgette Boele, a currency and commodity strategist at ABN Amro in A...

'Hard Brexit' could cost U.K. $81 billion a year

News : USAToday: News

Prime Minister Theresa May will trigger the Brexit process by the end of March 2017.        

Sterling Drops Below $1.23, causes jitters in Financial Markets

News : Newsweek: US

Sterling slid back below $1.23 on Tuesday as Brexit concerns weighed heavily on a market still in shock after Friday's 10 percent flash crash. After a steadier 24 hours, the pound slid 0.6 percent to $1.2278 in early trade in London...

Comments


Copyright © 2016 Regator, LLC