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Sat 24 Aug 2019 22:53GMT

Italy News

Latest 10 news items tagged Italy

Pound (GBP) Falls as No-Deal Brexit Fears Rise as Boris Johnson Heads to Europe Published: 21 Aug at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its peers today as Prime Minister Boris Johnson headed to Europe to renegotiate the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. However, as both leaders are expected to reject the removal of the backstop, this has left many Sterling traders feeling jittery on the now increased likelihood of a no-deal Brexit on October 31. <h2>US Dollar (USD)</h2> The US Dollar has remained subdued today ahead of the...
Pound (GBP) Falls as UK Retail Sales Fall to Record Lows Published: 9 Jul at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell following the publication of the annual BRC like-for-like retail sales figures for June, which fell to record lows from -3.0% to -1.6%. Helen Dickinson, the Chief Executive at BRC, said: ‘Overall, the picture is bleak. Rising real wages have failed to translate into higher spending as ongoing Brexit uncertainty led consumers to put off non-essential purchases.’ US-UK relations have also soured following a leak which indicated that the British ambassador to...
BoE’s Dovish Shift Weighs on Sterling (GBP) Published: 20 Jun at 4 PM 2019
<h2>Pound (GBP) Falls as BoE Leaves Interest Rates Unchanged</h2> On Thursday afternoon, the Pound slumped against a handful of currencies following the release of the Bank of England’s (BoE) interest rate decision. The bank left interest rates unchanged at 0.75%. However, the bank’s meeting minutes dampened sentiment in Sterling as it suggested the BoE has growing concerns the UK will crash out of the EU without a deal. Thomas Pugh of Capital Economics wrote: ‘Clearly the weaker economic news has played...
Sterling (GBP) Slides on Disappointing GDP Published: 10 Jun at 5 PM 2019
<h2> Pound (GBP) Slumps as UK Manufacturing Output Falls to 17-Year Low</h2> The Pound (GBP) slumped on Monday after data revealed the UK economy shrank by -0.4% in April, and in the three months to April, GDP rose by 0.3%. Added to this data showed that the UK’s car manufacturing sector fell by 24% thanks to Brexit car factory shutdowns, which dragged overall manufacturing output down to a 17-year low. Meanwhile, think tank, NIESR warned that the UK economy could shrink by -0.2% in the second quarter of 2019 which...
Australian Dollar (AUD) Plummets on Dovish RBA Threat to Cut Interest Rates Published: 21 May at 1 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its major competitors today as Brexit uncertainty continues to haunt UK markets. This came after the Chancellor Philip Hammond warned that there are many Brexiteer MPs pushing to ‘hijack’ the referendum and push for a no-deal between the UK and the European Union. Hammond said: <blockquote>‘On the populist Right, there are those who claim the only outcome that counts as a truly legitimate Brexit is to leave with no deal. [T]o advocate for no...
US Dollar (USD) Rises as Trump Ends Exemptions to Sanctions on Iranian Oil Importers Published: 23 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors – with the exception of the US Dollar – today as MPs head back to Westminster following the Easter holidays to engage with Brexit developments. With no notable UK economic data being released today, many Sterling traders focused instead on MPs calling for Prime Minister Theresa May’s resignation. However, with these calls generally ignored by Mrs May, and cross-party talks due to take place, Brexit developments have been...
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 (GBP) Exchange Rates Firm after Freefall as Leadership Rumours Circle Following Cabinet Resignations Published: 16 Nov at 10 AM 2018
Pound Sterling (GBP) Exchange Rates Battered by Brexit Deal Chaos The Pound (GBP) had a tough time on Thursday as confidence in Sterling was shaken by the resignations of Cabinet ministers Dominic Raab and Esther McVey. After Theresa May presented her deal to Parliament yesterday morning, it emerged that a large number of rebel MPs (led by Jacob Rees-Mogg), were moving to trigger a vote of no-confidence in the PM. Expect to witness further fluctuations in the UK currency today as Brexit and the future leadership of the...

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