The pound has boosted above $1.30 today amid election speculation. The cable peaked to its highest since October 22nd, touching $1.2972 against the dollar.
“Do or die”, the spooky words uttered by Prime Minister Boris Johnson. The same words that reveal his much-heralded Halloween deadline to be more trick than treat.
FX experts and strategists are certainly ruling nothing out ahead of tomorrow’s crucial parliamentary vote on Britain’s deal to withdraw from Europe.
According to a report issued by the Institute for Fiscal Studies think-tank, if the UK should leave the EU without a transitional agreement in place, the budget deficit could rise to 4 per cent of gross domestic product.
The Bank of England has warned today that it believes Britain has a one in three chance of falling into a recession, as growing fears and uncertainty over Brexit continue to pull down the economy.
It’s the news that’s been coming at us all summer-long. Boris Johnson has, as many suspected he would, triumphed over…
The pound was pulled down by a firm dollar, while concerns rise that the new prime minister will force Britain to leave the EU with no agreement in place.
Fears of a no-deal Brexit drove GBP/CHF down to 1.224 earlier this morning; while a new prime minister is due to take office in the UK tomorrow.
British retail sales increased unexpectedly by 1% in June, which in comparison to data from June 2018, sales were stronger than all forecasts, resulting in a 3.8% rise.
The British pound has fallen to its lowest since 2017. The market once again faces the prospect of a no-deal…