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Tue 22 Jan 2019 16:21GMT

China News

Latest 10 news items tagged China

Pound Sterling (GBP) Investors Await May’s No-Confidence Vote Outcome Published: 16 Jan at 4 PM 2019
Pound Sterling (GBP) The Pound (GBP) remained steady today despite Prime Minister Theresa May’s crushing defeat over her Brexit deal last night, which was rejected by 230 votes – the largest government defeat in modern history. This was followed by the Labour leader, Jeremy Corbyn, immediately tabling a motion of no confidence in Theresa May, which will be put to the vote this evening. However, most Pound traders are remaining generally optimistic that May will survive, which will in turn reduce the likelihood of a general...
Canadian Dollar (CAD) Investors Await BoC’s Interest Rate Decision Published: 8 Jan at 3 PM 2019
Pound Sterling (GBP) Today saw the release of the UK’s Halifax house price figures which showed a better-than-expected increase, although this left the Pound relatively unmoved as investors have remained generally skittish over mounting Brexit uncertainty. The Pound has failed to recover after yesterday’s news that over 200 MPs – a combination of both Leavers and Remainers – had signed a letter urging Prime Minister Theresa May to prevent a ‘no-deal’ Brexit situation. This further dampened investors’ confidence in...
US Dollar (USD) Strengthens following Historic Stock Market Rise Published: 27 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was weakened today on the news that Prime Minister Theresa May has reduced her Cabinet ministers’ Christmas break by five days in order to prepare for a possible ‘no-deal’ Brexit scenario, leaving GBP investors feeling skittish into the New Year. However, Pound exchange rates have managed to remain relatively steady on the temporary lull in Brexit news, with the House of Commons due to reconvene on 7 January to continue debating Theresa May’s Brexit deal. Tomorrow, meanwhile, will see...
Pound (GBP) Falls after Government Ramps Up ‘No-Deal’ Brexit Contingency Plans Published: 19 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was weakened today after the release of disappointing UK inflation figures for November, which showed a rate of 0.0% after last month’s 0.1% rise, dampening market sentiment. However, today’s data publications have been overshadowed by Pound (GBP) investors’ focus on Brexit developments, particularly as the government announced that it was ramping up plans for a ‘no-deal’ Brexit scenario. This has further diminished confidence in British Prime Minister Theresa May’s UK-EU withdrawal...
Pound Sterling (GBP) Plummets as Theresa May Delays Crucial Brexit Vote Published: 10 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was hit today by the news that British Prime Minister Theresa May has decided to delay Tuesday’s crucial vote on her Brexit withdrawal agreement. This has caused a further divide between the Government and Parliament over concerns that it shows an increasing lack of confidence in her proposed Brexit deal. Today also saw Sterling pummelled by a slew of disappointing data releases, beginning with the worse-than-expected decrease in manufacturing production figures for October, dropping by -0.1%...
Pound Sterling Exchange Rate News: GBP Rises on EU Concession Hopes Published: 23 Oct at 4 PM 2018
Pound Sterling (GBP) After a lacklustre start, the Pound has picked up and risen against most of its currency peers today including the Euro and the US Dollar. This appreciation follows reports that the EU will offer the UK a nationwide customs union agreement; this supposed offering could lead to a long-awaited breakthrough in Brexit negotiations. Other UK news hasn’t been so supportive, with Confederation of British Industry (CBI) data showing falling business confidence and a drop-off in industrial orders. Looking ahead,...
Daily Currency Update: US Dollar Drop Boosts Pound Sterling and Euro Exchange Rates Published: 20 Sep at 5 PM 2018
Pound Sterling (GBP) The Pound has risen against almost all of its regular currency peers today, including the Euro and US Dollar. This mass-appreciation is recent, with the UK currency having been supported by a delayed reaction to the morning’s retail sales figures. These revealed falling but better-than-expected levels of sales growth during August, which raised optimism about UK economic resilience. Brexit talks haven’t been quite so supportive today, but the Pound’s appreciation shows that GBP traders are currently...
British Pound Gains versus Most Majors as Hopes Rise for Optimism in Brexit Negotiations Published: 7 Sep at 2 PM 2018
Pound Sterling (GBP) Acceleration in Brexit negotiations could be just what the Pound needs to mount a more solid recovery, as the British currency recovered some of its recent losses versus most majors thanks to the past week’s Brexit developments. EU Chief Negotiator Michel Barnier took an optimistic tone about the UK and EU’s future relationship on Friday, saying the EU was open to alternative backstop plans for the issue of the Irish border and indicating the EU would still rather avoid a ‘no-deal Brexit scenario too. This...
Pound Exchange Rates Drop on Growing ‘No-Deal’ Brexit Fears Published: 7 Aug at 4 PM 2018
Pound Sterling (GBP) Pound Sterling has been in low demand today, falling by -0.3% against the Euro and trading tightly against the US Dollar. There has been little high-impact UK data out this week, so the Pound has instead been affected by growing concerns about the Brexit process. Suggestions that a no-deal Brexit is not only undesirable but likely have rattled GBP traders recently, causing steady losses against most currency peers. The current week could end on a positive note for GBP traders, if Friday’s GDP growth...
US Dollar Exchange Rates Steady Today ahead of US-EU Trade Meeting Published: 25 Jul at 5 PM 2018
Pound Sterling (GBP) Today has seen the Pound make limited movement against the Euro and US Dollar, due to persistent uncertainty about the state of the UK economy. The latest mixed message has come from the Confederation of British Industry (CBI), which has released distributive trade data covering retail activity in July. The activity measure showed a decline from 32 points to 20; while negative, this result still beat forecasts for a worse reading of 15 points. There isn’t any high-impact UK data out for the rest of the...

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