• Reuters - UK Focus

    RPT-Brexit reversed: How could Britain end up with a second referendum?

    British Prime Minister Boris Johnson's battle to win support for his new Brexit divorce deal raises the possibility that the United Kingdom could hold a fresh vote on membership of the European Union. A group of lawmakers in the main opposition Labour Party have put forward an amendment calling

  • Reuters - UK Focus

    GLOBAL MARKETS-Dollar weakens on Brexit, shares sapped by weaker China growth

    The dollar posted its worst week in almost four months on Friday, pummelled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities. The dollar crept lower against the euro as the common

  • Reuters - UK Focus

    FOREX-Dollar weak as Brexit deal boosts euro, sterling

    The dollar fell sharply against the euro on Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone avoiding a recession for now. In one of the most striking flourishes of the three-year Brexit drama, British Prime

  • ECB Draghi's final meeting will be no lap of honour
    Reuters

    ECB Draghi's final meeting will be no lap of honour

    For a man credited with saving the euro, Mario Draghi's final policy meeting at the helm of the European Central Bank will be far from a lap of honour. Memories of his whatever-it-takes speech, which effectively ended the euro zone's debt crisis in 2012, are fading, while euro zone inflation

  • Sterling steady ahead of Brexit deal vote showdown
    Reuters

    Sterling steady ahead of Brexit deal vote showdown

    The pound held steady on Friday ahead of Saturday's vote on the Brexit deal approved at the European Union summit. Sterling lost initial gains after British Prime Minister Boris Johnson's new deal was approved by the EU as relief that a no-deal Brexit could be off the table succumbed to doubts

  • Reuters - UK Focus

    UPDATE 1-Sterling steady ahead of Brexit deal vote showdown

    The pound held steady on Friday ahead of Saturday's vote on the Brexit deal approved at the European Union summit. Sterling lost initial gains after British Prime Minister Boris Johnson's new deal was approved by the EU as relief that a no-deal Brexit could be off the table succumbed to doubts

  • ECB's Draghi warns of bubble risk in the euro zone
    Reuters

    ECB's Draghi warns of bubble risk in the euro zone

    There are "mild signs" of overvaluation in the euro zone financial and property markets, creating a risk for stability at a time when the economy is slowing, the European Central Bank's President Mario Draghi said on Friday. "The financial stability environment remains challenging

  • Reuters - UK Focus

    FOREX-Dollar weak as Brexit deal boosts euro; sterling in check

    The dollar crept lower against the euro on Friday as the common currency enjoyed a lift from hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone avoiding a recession for now. In one of the most striking flourishes of the three-year Brexit drama, British

  • Reuters - UK Focus

    ECB's Draghi warns of bubble risk in the euro zone

    There are "mild signs" of overvaluation in the euro zone financial and property markets, creating a risk for stability at a time when the economy is slowing, the European Central Bank's President Mario Draghi said on Friday. "The financial stability environment remains challenging

  • Reuters

    Italy's economy probably remained stagnant in third quarter - Bank of Italy

    Italy probably posted little or no economic growth in the third quarter, continuing the flat trend of the last 18 months, the Bank of Italy said on Friday. "Economic activity in Italy seems to have remained almost stationary in the summer quarter, held back by the persistent weakness of the industrial

  • Reuters - UK Focus

    Brexit reversed: How could Britain end up with a second referendum?

    British Prime Minister Boris Johnson's battle to win support for his new Brexit divorce deal raises the possibility that the United Kingdom could hold a fresh vote on membership of the European Union. A group of lawmakers in the main opposition Labour Party have put forward an amendment calling

  • The pound’s Brexit recovery could hammer the FTSE 100, Terry Smith and this top investment trust
    Fool.co.uk

    The pound’s Brexit recovery could hammer the FTSE 100, Terry Smith and this top investment trust

    Harvey Jones says a stronger pound could be bad news for these popular investments.

  • Reuters - UK Focus

    FOREX-Brexit deal helps keep euro close to 7-week high

    The euro was hovering on Friday around the seven-week high it reached against the U.S. dollar on Thursday, amid hopes that a Brexit deal between Britain and the European Union could prevent an economic recession in the euro zone. "Without Brexit, the euro might be now liberated from this burden

  • Sterling slips as investors await Brexit showdown
    Reuters

    Sterling slips as investors await Brexit showdown

    The pound retreated on Friday morning, as relief that a Brexit deal had been agreed was replaced by doubts the proposed deal will get through the British parliament in Saturday's vote. News of the Brexit deal sent the pound soaring on Thursday. The Democratic Unionist Party, the Northern Irish

  • Reuters - UK Focus

    Sterling slips as investors await Brexit showdown

    The pound retreated on Friday morning, as relief that a Brexit deal had been agreed was replaced by doubts the proposed deal will get through the British parliament in Saturday's vote. News of the Brexit deal sent the pound soaring on Thursday. The Democratic Unionist Party, the Northern Irish

  • Reuters - UK Focus

    FOREX-Brexit deal helps keep euro close to 7-week high

    The euro was hovering on Friday around the seven-week high it reached against the U.S. dollar on Thursday as hopes that a Brexit deal between Britain and the European Union could prevent an economic recession in the euro zone. "Without Brexit, the euro might be now liberated from this burden,"

  • Dollar weakens on Brexit, shares sapped by weaker China growth
    Reuters

    Dollar weakens on Brexit, shares sapped by weaker China growth

    The dollar posted its worst week in almost four months on Friday, pummelled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities. The dollar crept lower against the euro as the common

  • Dollar weak as Brexit deal boosts euro, sterling
    Reuters

    Dollar weak as Brexit deal boosts euro, sterling

    The dollar fell sharply against the euro on Friday as the common currency jumped on hopes that a Brexit deal between Britain and the European Union could improve the odds of the euro zone avoiding a recession for now. In one of the most striking flourishes of the three-year Brexit drama, British Prime

  • ECB's efforts to counter weak inflation will fail - economists
    Reuters

    ECB's efforts to counter weak inflation will fail - economists

    The European Central Bank's latest stimulus package will not significantly help to bring inflation back to target, according to economists in a Reuters poll who said the risk of a euro zone recession in the next two years has increased. At its September meeting, the ECB cut its deposit rate deeper

  • Asian Development Bank President Sees Room For Central Banks in Asia to Lower Policy Rates Further
    Bloomberg UK

    Asian Development Bank President Sees Room For Central Banks in Asia to Lower Policy Rates Further

    Oct.17 -- The President of the Asian Development Bank, Takehiko Nakao, says any benefits gained from shifting supply lines in Asia will be offset by the slowdown in China. Bloomberg's Shery Ahn spoke to Takehiko Nakao earlier and asked him about the impact slowing growth is having on Asian central

  • Who is buying negative-yielding German bonds? Foreign central banks, perhaps
    Reuters

    Who is buying negative-yielding German bonds? Foreign central banks, perhaps

    German government bonds with their sub-zero yields have lured foreign inflows for four straight months. Talk is that it's reserve managers from Switzerland and China who are among those paying to lend money to Berlin. Germany's 10-year sovereign bond has traded with yields below 0% for the

  • Euro zone bond sell-off cools as Brexit optimism kept in check
    Reuters

    Euro zone bond sell-off cools as Brexit optimism kept in check

    A euro zone bond sell-off cooled on Thursday after optimism around a Brexit deal between Britain and the European Union came to a halt and eyes turned to a British parliament vote to approve the deal over the weekend. After several days of negotiations, Prime Minister Boris Johnson said that Britain

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks, sterling rise on long-awaited Brexit deal

    LONDON/NEW YORK, Oct 17 (Reuters) - A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak before doubts about UK parliamentary support hauled them back. Wall Street rose as upbeat earnings

  • Brexit Deal Would Have 'Meaningful Impact' on Euro Zone Economy Says Invesco's Memani
    Bloomberg UK

    Brexit Deal Would Have 'Meaningful Impact' on Euro Zone Economy Says Invesco's Memani

    Oct.17 -- U.K. Prime Minister Boris Johnson and Jean-Claude Juncker, European Commission President, have announced a deal for the U.K. to leave the European Union. Invesco's Krishna Memani, Emily Roland of John Hancock Investment Management, and Michael Shaoul of Marketfield Asset Management discuss

  • Reuters - UK Focus

    FOREX-Dollar slips as euro bounces on Brexit deal; sterling volatile

    The U.S. dollar fell against the euro on Thursday as the common currency got a lift from the European Union and Britain striking a long-awaited Brexit deal. Britain clinched an eleventh-hour deal on its exit from the EU on Thursday, more than three years after Britons voted in a referendum to leave

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