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Wed 22 May 2019 17:38GMT

Pound Sterling News

Latest 10 news items tagged Pound Sterling

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...
Pound (GBP) Slips despite UK Unemployment Falling to Fresh 44-Year Low Published: 14 May at 2 PM 2019
<h2>Pound Sterling (GBP) Slips as UK Unemployment Hits 44-Year Low</h2> The Pound (GBP) edged lower against most major currency pairings following the release of the UK unemployment rate. Data revealed that UK unemployment had hit a 44-year low of 3.8% in March, and the rate of unemployment for women had hit an all-time low of 3.7%. However, further data showed that workers’ pay did not rise as quickly as previously in the first three months of 2019. <h2>Pound Euro (GBP/EUR) Exchange Rate Flat as German...
Pound Sterling (GBP) Flat as Cross-Party Brexit Discussions Close to Collapse Published: 9 May at 4 PM 2019
<h2>Pound Sterling (GBP) Flat as Cross-Party Talks Close to Collapse</h2> The Pound (GBP) remained muted against most major currencies as reports suggested that cross-party Brexit talks were close to collapse. It was suggested by ITV’s Political Editor, Robert Peston that before the Labour party launched its EU election manifesto they would announce that Brexit talks are ‘dead’. However, Labour leader Jeremy Corbyn stated that the party was having difficulties negotiating with a ‘disintegrating government’...
Pound (GBP) Rises on Renewed Brexit Optimism as Local Elections Challenge Deadlock Published: 3 May at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) rose today as the UK local elections have further force Prime Minister Theresa May to challenge the political deadlock between the two major parties, after the Conservatives lost nearly 500 seats. Sterling has also benefited from the publication of the UK Markit Services PMI figures for April today, which emerged out of contraction and rose to 50.4. <h2>US Dollar (USD)</h2> The US Dollar (USD) benefited from better-than-expected US non-farm payrolls figures for...
Pound (GBP) Rises as Brexit Hopes Rise on May’s Call for Cross-Party Consensus Published: 30 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) rocketed against many of its competitors today’s following Prime Minister Theresa May’s announcement that she expected cross-party talks to conclude by the end of next week. Mrs May’s spokesman said: ‘Cabinet received an update on the Brexit talks with the opposition, including the negotiations last night, which were serious and constructive. Further talks will now be scheduled in order to bring the process toward a conclusion.’ Today also saw the publication...
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...
Pound (GBP) Slides as UK House Price Growth Falls to a Nearly Seven-Year Low Published: 17 Apr at 3 PM 2019
<h2>Sterling (GBP) Falls as UK House Prices Slow to Six-and-a-Half Year Low</h2> The Pound (GBP) slipped against a handful of currencies as the Office for National Statistics (ONS) revealed that inflation was stable at 1.9% in March. Further data revealed that in February UK house prices rose at the slowest rate since September 2012. Commenting on this, Mike Hardie Head of Inflation at the ONS said: ‘Annual house price growth has slowed to the lowest rate in close to seven years. ‘Growth in Wales and the...
US Dollar (USD) Sinks on Increased Risk Appetite as US-China Trade Talks Near ‘Final Round’ Published: 15 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) rose today following the publication of the Rightmove House Price Index figures for April, which increased to 1.1%. This buoyed market optimism in the UK economy, despite the Brexit uncertainty. Meanwhile Brexit news was slow coming as MPs are on the parliamentary Easter recess. However, there were indications that cross-party talks between the Conservatives and Labour were continuing, with some indications that these were, on the whole, constructive. <h2>US...
Pound (GBP) Flat Ahead of House of Lords Vote on 'Cooper' Bill Published: 8 Apr at 3 PM 2019
<h2>Pound (GBP) Slides on Brexit Tensions Ahead of Emergency EU Summit</h2> Brexit likely weighed on Pound (GBP) exchange rates on Monday ahead of the House of Lords vote on Labour’s Yvette Cooper’s Brexit delay Bill and further cross-party discussions. Meanwhile, it has been suggested that the Prime Minister has invited a delegation of Cabinet ministers to No. 10 for a meeting at 5pm, and it is expected this is a briefing on the Brexit offer to Labour. Reports also revealed that the Prime Minister is due to fly...
Pound Sterling (GBP) Rises on Hopes of Brexit Consensus Ahead of ‘Indicative Votes’ Published: 1 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) gained against many of its competitors today as hopes rose ahead of tonight’s important parliamentary ‘indicative votes’ in which MPs will expected to come to a consensus on alternative options to Prime Minister Theresa May’s Brexit deal, following its previous rejections. Hopes are riding high that Labour MPs will back an amendment on the common market, which would likely see a successful deal forged between the UK and the EU. With this amendment being the most...

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