LONDON: The British pound hit multi-year lows against the dollar on Tuesday (Sep 3) amid fears of a no-deal Brexit but rebounded after Prime ...
LONDON: The British pound hit multi-year lows against the dollar on Tuesday amid fears of a no-deal Brexit but rebounded afterahead of a crucial Brexit vote.
But then a Conservative lawmaker joined the opposition ahead of a showdown with rebel MPs over Brexit that could lead to a snap election within weeks."Though there is no doubt plenty of pain on the horizon, sterling managed to shake off the excesses of its Tuesday's slide as the session went on," said Connor Campbell at Spreadex.The UK leader insists that Britain will leave the EU with or without a deal on Oct 31.
While the pound's weakness makes imports into Britain more expensive, for example oil which is traded in dollars, it cheapens exports. "It seems there is no good near-term outcome. We either have an increased risk of no-deal, the possibility of a Corbyn government or more uncertainty," Craig Erlam, senior market analyst at Oanda trading group, told AFP on Tuesday.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Europe: London stock market opens higher after pound slides[LONDON] London's stock market opened higher on Tuesday after the pound slumped under US$1.20, lifting share prices for multinationals who get most of their earnings overseas, while eurozone indices dropped. Read more at The Business Times.
Read more »
Pound strikes near three-year dollar low on Brexit turmoilLONDON: The British pound tumbled Tuesday (Sep 3) to the lowest level against the dollar in almost three years, as the UK faces a possible general ...
Read more »
Pound slides on early election speculation, Brexit uncertaintyLONDON: The pound slid on Monday (Sep 2) as speculation mounted about an early election and data revealed a slump in UK manufacturing fuelled by ...
Read more »
Pound falls as investors brace for Brexit fight or snap electionLONDON (BLOOMBERG) - The pound fell to the lowest level in three weeks on Monday (Sept 2) as a showdown between UK lawmakers over Brexit loomed large.. Read more at straitstimes.com.
Read more »
Stocks hurt by trade war, pound hit by no-deal Brexit fearsGlobal stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris ...
Read more »
Asia: Markets stagger as trade war hopes fade, pound struggles[HONG KONG] Asian markets stuttered on Tuesday, with investors hobbled by uncertainty over China-US trade talks, while the pound struggled to recover after British Prime Minister Boris Johnson threatened to call a snap election to push through Brexit. Read more at The Business Times.
Read more »