Pound firms as traders ramp up bets on soft Brexit

LONDON (Reuters) – The British pound rose to a two-month high against the euro on Thursday, extending recent gains on growing expectations that Britain can avoid a no-deal Brexit. In a tumultuous week for British politics, Prime Minister Theresa May’s Brexit deal suffered a heavy defeat in parliament but she won a subsequent vote of confidence, removing some political uncertainty […]

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UK house prices fall at fastest rate in six years on back of Brexit – Rics

The looming threat of Brexit has dragged down the UK property market further, with prices falling at the fastest rate in six years and the outlook for sales the weakest in two decades, according to Britain’s surveyors. The Royal Institution of Chartered Surveyors (Rics) said the number of inquiries, agreed sales and new instructions all declined in December. Sales expectations […]

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UK manufacturers can afford to wait on an EU deal, but not to crash out

One of Downing Street’s many arguments in favour of Theresa May’s Brexit deal is that further delay will persuade many of the UK’s biggest companies to stop procrastinating about their investment plans and move some or all of their activities abroad. Bosses have spent long enough watching and waiting to see what kind of Brexit unfolds. Another six months, while […]

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Sterling lifted by report that Britain will delay Brexit date

LONDON (Reuters) – The pound jumped on Friday on growing expectations that Britain will seek to delay its scheduled departure date from the European Union. A denial by Prime Minister Theresa May’s spokeswoman of a newspaper report knocked sterling off highs but it remained up on the day, with analysts citing a growing sense among some investors that Britain will […]

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Dollar falters on bets Fed will pause U.S. rate hikes

NEW YORK (Reuters) – The dollar fell on Monday, pressured by growing expectations the U.S. Federal Reserve will either pause or halt its interest rate hike cycle, with the euro and Swiss franc leading gains among its rivals. Even after last week’s strong U.S. jobs data for December, market watchers believe the world’s biggest economy is losing momentum. Recent comments […]

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