brexit
Top StoriesUK Condemns Court Decision to Block Rwanda Deportation, Will Not Leave Convention
Top StoriesLondon Stock Exchange Pours Cold Water on Merging Listing Segments
Top StoriesUK Food Price Inflation of 15% Is Coming, Industry Researcher Warns
Top StoriesEU Sues UK After Plan to Override Deal on Northern Ireland
UK Pushes on With Plan to Deport Migrants to Rwanda
Date: June 15, 2022
By Michael Holden LONDON (Reuters) – Britain pressed on with its strategy of deporting asylum seekers to Rwanda on Wednesday and is planning further flights despite a last-minute intervention by European judges that grounded the first plane minutes before it was due to depart. The government was thwarted in its attempt to send a handful...
Pound Rebounds but Headwinds Blow Ahead of BoE Decision
Date: June 15, 2022
LONDON (Reuters) -Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, a day ahead of the Bank of England’s rate decision, but the reprieve could prove temporary due to slowing economic growth and growing post-Brexit tensions. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and...
Pound Reclaims $1.20 but Headwinds Keep Blowing
Date: June 15, 2022
LONDON (Reuters) – Sterling recovered from its lowest level against the dollar since March 2020 on Wednesday, but the reprieve could prove temporary with slowing UK economic growth and a potential trade conflict with the European Union weighing on the currency. Britain’s growth prospects are seen among the weakest for rich countries in 2023, and...
Weak Pound and Forceful Fed Pressure Bank of England to Act Big
Date: June 15, 2022
By Andy Bruce LONDON (Reuters) -With Britain’s currency sinking and the U.S. Federal Reserve poised to raise borrowing costs aggressively, Bank of England policymakers may suddenly feel pressured to announce an outsized interest rate hike of their own this week. Even though Britain’s economy shrank unexpectedly in April and there were some signs of inflationary...
Analysis – Weak Pound and Forceful Fed Pressure Bank of England to Act Big
Date: June 14, 2022
By Andy Bruce LONDON (Reuters) – With Britain’s currency sinking and the U.S. Federal Reserve poised to raise borrowing costs aggressively, Bank of England policymakers may suddenly feel pressured to announce an outsized interest rate hike of their own this week. Even though Britain’s economy shrank unexpectedly in April and there were some signs of...
Pound Slammed by Prospect of New Scottish Independence Vote
Date: June 14, 2022
By Joice Alves LONDON (Reuters) -Sterling plunged on Tuesday to a 13-month low versus the euro and fell below $1.20 for the first time since the start of the pandemic after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum. Sturgeon said she was nearly...