LONDON: 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 ...
Around midday in London, the pound recovered slightly to stand at US$1.1990.
Members of the prime minister's own Conservative party are preparing to join opposition lawmakers in a vote to try to force a delay to Britain's exit from the EU if Johnson cannot secure a divorce deal with Brussels in the next few weeks.READ: UK's Javid says finance sector is top priority as Brexit nears: SourceMarkets fear that a no-deal Brexit could be disastrous for the British economy, at least in the short term, and could plunge the country into recession.
However, a general election could see the main opposition Labour party win power, led by Jeremy Corbyn whose policies are widely regarded as being unfriendly towards business.
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 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 stocks dented by trade war, Brexit showdown paralyzes poundGlobal 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 »
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 »
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 »