brexit
InvestingJust Eat Takeaway to Withdraw From London Stock Exchange, Citing Costs
InvestingSterling Holds Steady as Trump Triggers Currency Swings
Top StoriesAnalysis-UK Inflation Worries Tick up After Big-Spending Budget and Trump Win
BankingUK Must Keep Trade Open and EU Close in Fragmenting World, Bank of England’s Bailey Says
Sterling Squashed by Dollar Steamroller, Traders Watch Out for Reeves’ Speech
Date: November 14, 2024
LONDON (Reuters) – The pound dropped to its lowest against the dollar since early July on Thursday, brushed aside by the U.S. currency’s relentless rise following Donald Trump’s U.S. election victory. Those developments are swamping British news for investors, although they will be keeping an eye on finance minister Rachel Reeves’ first Mansion House speech...
Pound Hits 3-month Low on Jobs Data and Dollar’s Trump Rally
Date: November 12, 2024
By Harry Robertson LONDON (Reuters) – The pound fell to a three-month low after data on Tuesday showed regular wage growth cooled and unemployment ticked up, and as currencies felt the pressure of a surging dollar after Donald Trump’s U.S. election victory. Sterling fell as much as 0.5% to $1.2806, its lowest since Aug. 15,...
Britain’s Reeves to Use Major Speech to Promote ‘free and Open’ Trade, the Observer Reports
Date: November 10, 2024
LONDON (Reuters) – Britain’s finance minister Rachel Reeves is expected to use a major speech this week to “promote free and open trade between nations” amid the threat of potential tariffs under Donald Trump’s presidency, The Observer newspaper reported on Saturday. Trump, who won the 2024 U.S. presidential election, has proposed imposing a 10% tariff...
Blackstone Targets New European Markets in Global Wealth Push
Date: November 4, 2024
By Iain Withers LONDON (Reuters) – Blackstone’s private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off, two executives at the company told Reuters. New York-based Blackstone has made attracting funds from wealthy individuals a key priority amid choppy market conditions and as private...
British Ministers Head to Gulf for Talks on New Trade Deal
Date: September 16, 2024
(Reuters) – Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said. Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi...
Services’ Grip on UK Economy Tightens as Manufacturing Share Ebbs Further
Date: September 11, 2024
By Andy Bruce (Reuters) – Britain’s shift towards a services-dominated economy is accelerating, pushing manufacturing’s share of economic output to a historic low and setting the nation apart from its global peers. Recent data show the make-up of the world’s sixth-biggest economy is changing fast, driven by global trends but also domestic factors such as...