GBP/USD
Boris Johnson is going, and strategists are betting on big changes to the UK economy
British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Henry Nicholls | Reuters LONDON — U.K. Prime Minister Boris Johnson’s eventual successor is likely to bring forth greater fiscal support and less-fractious relations with the European Union, according to economists. Johnson formally resigned as leader of the […]
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European markets close 2% higher; UK’s Johnson resigns as prime minister
LONDON — European stocks closed sharply higher on Thursday, building on gains in the previous session. The pan-European Stoxx 600 provisionally closed up 2%, with mining stocks jumping 5.6% to lead gains while food and beverages stocks dropped 0.1%. In terms of individual share price movement, Danish shipping giant Maersk climbed 7.1% on the back […]
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UK Prime Minister Boris Johnson resigns
British Prime Minister Boris Johnson makes a statement at Downing Street in London, Britain, July 7, 2022. Henry Nicholls | Reuters LONDON — U.K. Prime Minister Boris Johnson resigned Thursday, bringing an acrimonious end to a nearly three-year premiership that has been beset by controversy and scandal. Speaking outside Downing Street, Johnson said the process […]
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Sterling gains on unconfirmed reports UK PM Boris Johnson will resign today
Sterling hit a day’s high Thursday following multiple unconfirmed reports that Prime Minister Boris Johnson is set to resign. The pound rose 0.35% against the U.S. dollar to trade at $1.1971 around 9.25 a.m. London time. It comes after more than 50 MPs resigned from Johnson’s government within 48 hours. CNBC and NBC News were […]
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5 things to know before the stock market opens Wednesday
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stocks in a holding pattern U.S. stock futures were essentially flat across the board Wednesday morning, following a late rally the day before. While the Dow finished […]
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UK’s Boris Johnson fights for his political survival after top resignations and scandals
A snap YouGov poll conducted Tuesday found that 69% of Britons surveyed want Johnson to resign. The poll of 3,009 adults found that only 18% want him to stay on. Wpa Pool | Getty Images Entertainment | Getty Images LONDON — U.K. Prime Minister Boris Johnson’s leadership is hanging by a thread after the resignations […]
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UK’s Boris Johnson suffers major blow as finance minister and health minister quit
Britain’s Chancellor Rishi Sunak (C) listens as Prime Minister Boris Johnson (L) addresses his Cabinet ahead of the weekly Cabinet meeting in Downing Street on June 07, 2022 in London, England. Leon Neal | Getty Images LONDON — British Chancellor Rishi Sunak resigned Tuesday, saying the government should be run “properly, competently and seriously.” Health […]
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Sterling has further to fall as Bank of England wrestles growth-inflation conundrum, strategists say
LONDON — Sterling has fallen more than 9% against the U.S. dollar so far this year and despite a recent reprieve, currency strategists see further pain ahead for the pound. The Bank of England last week delivered another 25 basis point hike to interest rates, a more cautious move than peers such as the U.S. […]
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Bank of England hikes rates for the fifth time in a row as inflation soars
Bank of England Governor Andrew Bailey has said he is not at all happy with rising inflation, but that the central bank couldn’t have done anything differently to avoid it. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday implemented a fifth consecutive hike to interest rates as it looks […]
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The UK’s plan to rip up Brexit trade rules slammed for being in ‘clear breach’ of international law
The U.K. government has pushed ahead with plans to unilaterally override parts of the Northern Ireland protocol it agreed with the EU in 2019. Liam Mcburney – Pa Images | Pa Images | Getty Images LONDON — The U.K. government has pushed ahead with controversial plans to unilaterally override post-Brexit trade rules, ratcheting up the […]
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