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Top StoriesPound Struggles Around $1.20 on Economy Worries
Top StoriesPound Struggles Around $1.20 on Economy Worries
Britain Launches Free Trade Talks With Israel
Date: July 20, 2022
LONDON (Reuters) – Britain on Wednesday launched free trade talks with Israel, aimed at boosting service and tech sector ties as it seeks new trade deals after leaving the European Union. The current trade deal between the two countries is based on an old EU deal that has no specific provisions on services, Britain said,...
Factbox-Who Will Replace UK Prime Minister Boris Johnson?
Date: July 20, 2022
By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) – Three candidates are left in the contest to replace Boris Johnson as British prime minister. Below are some details on the contenders, who are listed in alphabetical order. PENNY MORDAUNT The former defence secretary was sacked by Johnson after she endorsed his rival, Jeremy Hunt, during...
Race to Lead UK Heats Up, Ex-Finance Minister Sunak’s Lead Narrows
Date: July 19, 2022
By Elizabeth Piper, Alistair Smout and Kylie MacLellan LONDON (Reuters) -British former finance minister Rishi Sunak held on to his lead on Tuesday among Conservative lawmakers in the race to replace Boris Johnson as prime minister, but his two remaining rivals were closing the gap, leaving the race wide open. In a vote among Conservative...
Sterling Makes Small Gains but Stays Near March 2020 Low
Date: July 15, 2022
By Lucy Raitano LONDON (Reuters) -A depressed British pound rose slightly against the dollar on Friday, but remained near more than two-year lows as nagging recession fears and political uncertainty weighed on sentiment. Driven mainly by dollar swings, the pound was up 0.1% to $1.184, by 1410 GMT, but started the day down and not...
UK Parliamentary Committee Requests Documents for Investigation Into PM Johnson
Date: July 15, 2022
LONDON (Reuters) – A committee of lawmakers has requested diaries, emails, photos and mobile phone messages from Boris Johnson’s office as part of an inquiry into whether the prime minister misled parliament over COVID-19 lockdown-breaking events in Downing Street. The Privileges Committee will look into whether Johnson, who last week said he would step down...
Sterling Struggles to Pull Away From March 2020 Low
Date: July 15, 2022
By Lucy Raitano LONDON – A depressed British pound struggled for direction against the dollar on Friday, staying near more than two-year lows as nagging recession fears and political uncertainty weighed on sentiment. The pound was up 0.08% to $1.18350,, but wasn’t far off a low of $1.1761 hit on Thursday – its lowest since...