Pound penned in below $1.32 by risk of snap election, no-deal Brexit

LONDON (Reuters) – Sterling slipped on Tuesday after the British parliament’s moved to wrest control of the Brexit process for a day, raising expectations that lawmakers can end an impasse on Britain’s European Union exit, but also the chances of a snap election. Parliament will now vote on Wednesday on a range of Brexit options, giving parliament a chance to […]

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Bank of England keeps rates on hold as businesses brace for no-deal Brexit

LONDON, March 21 – The Bank of England kept interest rates steady on Thursday and said most businesses felt as ready as they could be for a no-deal Brexit that would likely hammer economic growth and jobs. The BoE said its nine rate-setters voted unanimously to keep interest rates on hold at 0.75 percent, just days before the world’s fifth-biggest […]

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Pound slides as EU resists May's three-month Brexit extension

LONDON (Reuters) – Sterling fell sharply on Wednesday after British Prime Minister Theresa May asked the European Union to delay Brexit until June 30 and Brussels immediately pushed back. May’s request for a three-month extension is shorter than some in the market had been expecting and the prime minister said a no-deal Brexit was still possible. British media reported that […]

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PRESS DIGEST- Financial Times – March 15

March 15 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Donald Tusk open to long Brexit delay to give UK time for ‘rethink’ on.ft.com/2F2sDHm OneSavings Bank to buy rival Charter Court in all-share deal on.ft.com/2EWXiWo Just Group to raise 400 mln stg […]

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