Pound sterling slumps on new Government warnings of no-deal Brexit
6 years, 5 months ago

Pound sterling slumps on new Government warnings of no-deal Brexit

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sterling slumped against the dollar again on Monday morning after UK government ministers talked up the prospects of a no-deal Brexit in March. The new Brexit secretary Dominic Raab has said the government will make plans to ensure an “adequate food supply”. No deal pound pressure Reuters Eikon The governor of the Bank of England, Mark Carney, warned last week that the chances of a no-deal Brexit were “uncomfortably high” and urged policymakers to “do all things to avoid it”. The BoE raised interest rates to 0.75 per cent last week, the highest level in nine years, but Brexit headwinds meant the increase did little to support the value of the currency.

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History of this topic

Boost for the pound as fears of trade war hit euro: Sterling tops €1.21 for the first time since March 2022
2 months ago

Boost for the pound as fears of trade war hit euro: Sterling tops €1.21 for the first time since March 2022

Daily Mail  

British holidaymakers will get more bang for their buck on the Continent this winter as the pound soars against the euro. In a boost for families planning skiing trips and other breaks in Europe, sterling topped €1.21 for the first time since March 2022. The euro also tumbled towards $1.06 against the dollar – its lowest level since April – …

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning
2 months, 2 weeks ago

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

The Independent  

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Dire Brexit EU trade figures could get even worse, warns expert
3 months, 4 weeks ago

Dire Brexit EU trade figures could get even worse, warns expert

The Independent  

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New fears Brexit has ‘drained life out of UK economy’ following IMF report
5 months, 3 weeks ago

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The Independent  

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Brexit has been bad for the UK economy, majority of Britons believe
1 year ago

Brexit has been bad for the UK economy, majority of Britons believe

The Independent  

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Brexit damage to economy as big as Covid, says OBR
1 year, 9 months ago

Brexit damage to economy as big as Covid, says OBR

The Independent  

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Brexit’s stark impact on UK food prices confirmed
2 years, 1 month ago

Brexit’s stark impact on UK food prices confirmed

The Independent  

Brexit has added 6 per cent to UK food prices, a Bank of England official has said as inflation hit a 41-year high. Dr Swati Dhingra also said British workers had taken a 2 per cent real terms cut in their wages due to the UK’s departure from the EU, as members of the bank’s Monetary Policy Committee appeared before …

Pound rebounds to levels seen before mini-budget chaos as Chancellor U-turns
2 years, 3 months ago

Pound rebounds to levels seen before mini-budget chaos as Chancellor U-turns

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound has bounced back …

Pound slips again in Asia trading after rallying due to Bank of England intervention
2 years, 3 months ago

Pound slips again in Asia trading after rallying due to Bank of England intervention

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound fell again on …

The British pound has taken a tumble. What’s the impact?
2 years, 3 months ago

The British pound has taken a tumble. What’s the impact?

Associated Press  

LONDON — The pound is taking a pounding. “There’s every chance that a falling pound will make life more expensive,” said Sarah Coles, senior personal finance analyst at financial services firm Hargreaves Lansdown. “For anyone whose budget was already stretched to breaking point, this will mean even more pain at the tills.” Finance minister Kwasi Kwarteng hopes that big tax …

British pound hits a 37-year low as UK economy skids
2 years, 3 months ago

British pound hits a 37-year low as UK economy skids

CNN  

London CNN Business — The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said that retail sales in August dropped …

Lurpak at £9.35 a tub, no pet food in Tesco: Congratulations Leavers, you’ve got the Brexit you always wanted!
2 years, 6 months ago

Lurpak at £9.35 a tub, no pet food in Tesco: Congratulations Leavers, you’ve got the Brexit you always wanted!

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Tesco still hasn’t …

Pound plunges to two-year low against dollar on fears for UK economy
2 years, 7 months ago

Pound plunges to two-year low against dollar on fears for UK economy

The Independent  

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Traders bet £3.5bn against pound after omicron surge
3 years ago

Traders bet £3.5bn against pound after omicron surge

The Telegraph  

The omicron variant of Covid has triggered a wave of bets against the pound amid fears that the Bank of England will move slowly to tackle soaring inflation fuelled by the energy crisis. It suggests that international markets became increasingly gloomy about Britain's prospects as fears grew over a massive wave of staff absences following the rise of omicron. Sentiment …

Brexit has worsened UK supply chain crisis, government’s spending watchdog says
3 years, 2 months ago

Brexit has worsened UK supply chain crisis, government’s spending watchdog says

The Independent  

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No-deal Brexit would hit pound sterling, warns Bank of England
4 years ago

No-deal Brexit would hit pound sterling, warns Bank of England

The Independent  

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Brexit: Food prices will not be a mere ‘bump in the road’
4 years, 1 month ago

Brexit: Food prices will not be a mere ‘bump in the road’

The Independent  

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Brexit: Boris Johnson says there is now a ‘strong possibility’ of no-deal
4 years, 1 month ago

Brexit: Boris Johnson says there is now a ‘strong possibility’ of no-deal

The Independent  

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Brexit: Pound heading for a crash if Britain fails to get a trade deal
4 years, 1 month ago

Brexit: Pound heading for a crash if Britain fails to get a trade deal

CNN  

London CNN Business — The British pound could plunge by 10% or more if the United Kingdom does not finalize a trade deal with the European Union this weekend. Currency traders who once assumed a deal would be completed before a Brexit transition period ends on January 1 will be nervously watching events over the next 72 hours after British …

Raab denies claims from Tesco that food prices will rise
4 years, 1 month ago

Raab denies claims from Tesco that food prices will rise

The Telegraph  

Foreign Secretary Dominic Raab has insisted that a no-deal Brexit will not cause food prices to surge after Tesco’s chairman warned the political deadlock risks triggering a 5pc rise and other retailers warned of a £3bn tariffs hit. He sought to allay fears of tariffs and border disruption hitting groceries, saying the Government did not “recognise” Tesco chairman John Allan’s …

Pound falls as optimism fades in last-ditch Brexit negotiations
4 years, 1 month ago

Pound falls as optimism fades in last-ditch Brexit negotiations

Live Mint  

The pound declined as investors questioned how close Britain and the European Union really are to sealing a trade agreement. Monday Blues Traders had speculated on a weekend deal, but pessimism is solidifying, with the relative cost of hedging a weaker sterling over the coming month staging its longest advance in 17 years. “The risk now is that optimism turns …

No-deal Brexit would hammer UK economy, warns Office for Budget Responsibility
4 years, 1 month ago

No-deal Brexit would hammer UK economy, warns Office for Budget Responsibility

The Independent  

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Brexit: Britain’s trade choice could prolong the worst recession in 300 years
4 years, 1 month ago

Brexit: Britain’s trade choice could prolong the worst recession in 300 years

CNN  

London CNN Business — The UK economy is suffering its worst recession in more than 300 years and failing to secure a new trade deal with the European Union will make its recovery even longer and more arduous, according to the country’s independent fiscal watchdog. The Office for Budget Responsibility said on Wednesday that a no-deal Brexit would reduce output …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 1 month ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

Poundland is no longer a pound shop as it ditches £1 price promise
5 years, 1 month ago

Poundland is no longer a pound shop as it ditches £1 price promise

The Independent  

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British PM Boris Johnson’s ’final’ Brexit deal stirs sterling rebound
5 years, 3 months ago

British PM Boris Johnson’s ’final’ Brexit deal stirs sterling rebound

Live Mint  

London: Sterling rebounded from earlier lows on Wednesday as hedge funds covered some of their short bets against the currency after Prime Minister Boris Johnson made a final Brexit offer to the European Union. Though the final offer met with a relatively cool reception from EU officials, President Jean-Claude Juncker said Britain's proposal included some "positive advances" but there were …

Pound tumbles against dollar and euro as Ireland roundly rejects Boris Johnson's Brexit plan
5 years, 3 months ago

Pound tumbles against dollar and euro as Ireland roundly rejects Boris Johnson's Brexit plan

The Independent  

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John Lewis reports big loss and warns of no-deal hit as Brexit dents consumer mood
5 years, 4 months ago

John Lewis reports big loss and warns of no-deal hit as Brexit dents consumer mood

The Independent  

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Official no-deal document confirms government planning for delays, disruption and disorder
5 years, 4 months ago

Official no-deal document confirms government planning for delays, disruption and disorder

The Independent  

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Pound sterling goes on a wild ride amid Brexit turmoil
5 years, 4 months ago

Pound sterling goes on a wild ride amid Brexit turmoil

CNN  

London CNN Business — The pound was whipsawed by political turmoilon Tuesday as UK Prime Minister Boris Johnson sufferedaparliamentary revoltaimed at preventing Britain from leaving the European Union without a deal to protect the economy. Lawmakers succeeded Tuesday night in taking control of the parliamentary agenda so they can attempt to pass legislation outlawing a “no deal” Brexit, unless it …

Pound wobbles after Johnson reveals plan to prorogue Parliament: as it happened
5 years, 4 months ago

Pound wobbles after Johnson reveals plan to prorogue Parliament: as it happened

The Telegraph  

The pound looked like it was going to take a star turn today, but after a steady comeback, it managed to reach the session’s end less than 0.5pc down against the dollar and the euro — far from a disastrous day given the sounds coming from Westminster. In the grander scheme of things, the currency’s drop still appears pretty steady, …

Boris Johnson’s Brexit plan drives pound lower
5 years, 5 months ago

Boris Johnson’s Brexit plan drives pound lower

CNN  

London CNN Business — Britain is moving closer to the nightmare Brexit scenario businesses have long feared. A major lobby group warned that a disorderly Brexit would disrupt almost every part of the UK economy, and French carmaker PSA said new trade barriers could doom its factory near Liverpool. Michael Gove, the government minister Johnson has put in charge of …

Pound flashes red as think tank warns UK economy may ALREADY be in recession
5 years, 5 months ago

Pound flashes red as think tank warns UK economy may ALREADY be in recession

Daily Mail  

The increasing risk of a no-deal Brexit may already have tipped the UK economy into recession, a leading think-tank warned today. The pound fell against both the dollar and the euro today as Johnson edged ever closer to becoming the next Prime Minister and NIESR issued a stark warning It said: 'The outlook beyond October, when the United Kingdom is …

No-deal Brexit will tip UK into recession, government's official spending watchdog says
5 years, 5 months ago

No-deal Brexit will tip UK into recession, government's official spending watchdog says

The Independent  

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ALEX BRUMMER: Britain takes a pounding
5 years, 5 months ago

ALEX BRUMMER: Britain takes a pounding

Daily Mail  

The dilemma for Bank of England interest rate-setters as they head towards the August meeting and release of the Inflation Report gets tougher by the day. The sharp fall in sterling, as Britain's two prospective prime ministers harden their negotiating positions on Brexit, risks a disorderly few months ahead with the pound moving towards parity against the euro and the …

No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney
5 years, 6 months ago

No-deal Brexit will deliver major economic shock for UK despite costly planning, warns Mark Carney

The Independent  

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Branson: Pound could be just a dollar in ‘no-deal’ Brexit
5 years, 6 months ago

Branson: Pound could be just a dollar in ‘no-deal’ Brexit

Associated Press  

LONDON — Virgin Group founder Richard Branson has warned that the pound’s value would fall to that of the dollar if Britain leaves the European Union without a deal — a stark prediction that will fuel worries about the economic pressures facing the country. Traders see the possibility of a ‘no-deal’ Brexit increasing because Boris Johnson, the front-runner in the …

Brexit: Food chief ‘terrified’ of no-deal prospect
5 years, 9 months ago

Brexit: Food chief ‘terrified’ of no-deal prospect

The Independent  

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British pound falls amid Brexit fears
5 years, 10 months ago

British pound falls amid Brexit fears

CNN  

London CNN Business — The British pound trimmed some of the losses it suffered during volatile trading on Tuesday after UK lawmakers voted down the latest version of Prime Minister Theresa May’s deal on Brexit. Speaking to lawmakers just minutes after the vote, May said the default scenario is leaving the European Union without a deal on March 29. May …

UK wake-up call: Need for a rethink on Brexit
5 years, 11 months ago

UK wake-up call: Need for a rethink on Brexit

Deccan Chronicle  

It was apposite that the pound sterling’s value rose as Britain’s Prime Minister Theresa May suffered what Leader of the Opposition Jeremy Corbyn gloated was a “catastrophic defeat”. It’s the sort of thing that Ms May and Donald Trump still harp on about, seeing today’s Russian Federation as a reincarnation of the “evil empire” that they believed the Soviet Union …

Sterling wipes out day’s gains amid reports PM is facing no-confidence vote
6 years, 1 month ago

Sterling wipes out day’s gains amid reports PM is facing no-confidence vote

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sterling plummeted on …

Brexit: Desperate May to meet with Merkel, but EU leaders warn no renegotiation of deal
6 years, 1 month ago

Brexit: Desperate May to meet with Merkel, but EU leaders warn no renegotiation of deal

CNN  

CNN — British Prime Minister Theresa May will begin frantic meetings with European Union leaders Tuesday as she attempts to find a way to renegotiate her Brexit deal in the face of overwhelming opposition among UK lawmakers. Dutch Prime Minister Mark Rutte welcomes Theresa May for a work breakfast in The Hague, on December 11, 2018 BART MAAT/AFP/AFP/Getty Images The …

Brexit: Pound drops as Theresa May delays Commons vote on EU deal
6 years, 1 month ago

Brexit: Pound drops as Theresa May delays Commons vote on EU deal

The Independent  

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Brexit: David Davis says pound crashing after no-deal departure would be 'not a bad thing'
6 years, 1 month ago

Brexit: David Davis says pound crashing after no-deal departure would be 'not a bad thing'

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy David Davis says the pound crashing after a no-deal Brexit would …

Pound: Sterling falls sharply as risk of chaotic Brexit rises
6 years, 2 months ago

Pound: Sterling falls sharply as risk of chaotic Brexit rises

CNN  

London CNN Business — The British pound dropped sharply on Thursday after two key UK government ministers resigned, plunging the Brexit process into deep uncertainty and hiking the risk of a chaotic rupture with the European Union. Brexit Secretary Dominic Raab said in a statement on Thursday that he “cannot in good conscience support the terms proposed for our deal” …

UK envoy urges EU to step back from the Brexit ‘abyss’
6 years, 3 months ago

UK envoy urges EU to step back from the Brexit ‘abyss’

Associated Press  

LONDON — Britain’s foreign secretary on Saturday urged European Union leaders to “step back from the abyss” and seek a compromise over stalled Brexit negotiations. Jeremy Hunt told the BBC that the EU should work with Britain to try to find a way to make British Prime Minister Theresa May’s “sensible, concrete proposals actually work” in the divorce between Britain …

The Latest: EU’s Tusk says Brexit compromise still possible
6 years, 3 months ago

The Latest: EU’s Tusk says Brexit compromise still possible

Associated Press  

LONDON — The Latest on Brexit, the political divorce between Britain and the rest of the European Union : 6:30 p.m. EU Council President Donald Tusk says he remains convinced that a Brexit compromise that is “good for all, is still possible.” His comments come a day after a clear lack of progress at an EU leaders summit in the …

UK paints grim picture of 'no-deal' Brexit: More red-tape at border, delays in medical treatment and spike in credit card fees top the list
6 years, 4 months ago

UK paints grim picture of 'no-deal' Brexit: More red-tape at border, delays in medical treatment and spike in credit card fees top the list

Firstpost  

Businesses could face red tape at the border, patients could face delays to medical treatment and customers could see higher credit-card fees if Britain leaves the European Union next year without a deal, the U.K. government acknowledged Thursday in documents outlining its plans for a “no-deal” Brexit. London: Businesses could face red tape at the border, patients could face delays …

Brexit: 'No-deal' fears push sterling to 12-month low
6 years, 5 months ago

Brexit: 'No-deal' fears push sterling to 12-month low

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Bank of …

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