Pound Pares Some Gains as Johnson Warns of No-Deal Unless EU Changes Tack

© Reuters. By Yasin Ebrahim Forex – The pound pared some gains Thursday after U.K. Prime Minister Boris Johnson said it was likely a deal wouldn’t be reached unless the European Union eased its stance over key sticking issues including fishing quotas. was up 0.51% to $ 1.3576 though had been as high as $ […]

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Pound Above Lows Despite EU Warning No-Deal Brexit Most Likely Outcome

© Reuters. By Yasin Ebrahim Investing.com – The pound moved off session lows Friday despite the EU warning that a no-deal Brexit would be the most likely outcome as both sides are unlikely to reach a post-Brexit trade agreement by the Sunday deadline. fell 0.52% to $ 1.3222, though had been as low as $ […]

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AirBnB Frenzy, FDA to Approve Pfizer Drug, No-Deal Brexit – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — AirBnB stokes the biggest IPO frenzy in 20 years, the FDA prepares to approve Pfizer’s Covid-19 drug and the EU and U.K. are heading for a messy divorce. Plus, stimulus talks appear close to breakdown despite surge in jobless claims. Here’s what you need to know in financial  markets […]

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Pound Sinks as Johnson Warns ‘Strong Possibility’ of No-Deal Brexit

© Reuters. By Yasin Ebrahim Investing.com – The pound slumped on Thursday after the U.K. Prime Minister Boris Johnson said there was a “strong possibility” of a no-deal Brexit. fell 0.79% to $ 1.3291. Johnson urged businesses to prepare for a no-deal Brexit outcome, conceding that both sides remain far apart on resolving their differences. […]

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Pound Slips as Experts Say Accidental No-Deal Brexit Remains High

© Reuters. By Yasin Ebrahim Investing.com – The pound fell Thursday despite the U.K. and EU resuming talks on a trade deal as experts warned that the display of brinkmanship from the U.K. amid negotiations risks an accidental no-deal Brexit. fell 0.47% to $ 1.3083. EU Brexit negotiator Michael Barnier arrived in London on Thursday, […]

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Sterling falls as UK PM Johnson responds by calling to prepare for no-deal Brexit

GBP/USD falls by about 100 pips before settling closer to 1.2900 now For bank trade ideas, check out eFX Plus Cable was treading close to its 200-hour MA (blue line) earlier @ 1.2960 before UK PM Johnson offered a surprise response to the EU summit yesterday in calling for preparations of a no-deal Brexit by […]

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Strong EU Data Props up Euro, Pound Neglects Rising Odds of No-deal Brexit

The dollar remains under pressure ahead of the Fed meeting, while it seems that risky assets are getting rid of fears of extension of the bearish pullback. As for the outcome of the meeting, a combination of revised economic forecasts and a promise to keep rates low for longer is likely to cause a rally […]

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Pound Set for 2nd-Straight Weekly Slump as No-Deal Brexit Fears Rise

© Reuters. By Yasin Ebrahim Investing.com – The pound is set for second-straight weekly slump on Friday, as no-deal Brexit fears persist after the U.K. Prime Minister Boris Johnson reportedly pushed ahead with a bill that would seek to override the withdrawal deal despite threats from the EU. fell 0.07% to $ 1.2738, and looked […]

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UK funds see record $1.6 billion outflows June-August on no-deal Brexit fears: Calastone

LONDON (Reuters) – UK-focused equity funds saw record outflows of 1.2 billion pounds ($ 1.58 billion) over the past three months as investors worry about a no-deal Brexit and the impact of the coronavirus pandemic, data from fund network Calastone showed on Tuesday. The United Kingdom left the EU on Jan 31 but is trying […]

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Pound Set to End Win Streak as Experts See Increasing Risk of No-Deal Brexit

© Reuters. By Yasin Ebrahim Investing.com – The pound fell Friday and looked set for its first weekly loss in a month, with experts warning any potential recovery will be kept in check by the growing threat of a no-deal Brexit. fell 0.11% to $ 1.3262 and is set for its first weekly slump since […]

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