Thursday , February 20 2020

Tag Archives: City

Pound euro exchange rate steady as Bank of England holds interest rates | City & Business | Finance

Policymakers Jonathan Haskel and Michael Saunders pushed for rates to be cut to 0.5 per cent due to concerns over the slowing global economy and Brexit potentially harming the British economy. However, the bank was rosier about global economic developments, saying in its statement: “Global growth has shown tentative signs …

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Pound Euro exchange rate: GBP/EUR flat as UK ‘election euphoria’ fades | City & Business | Finance

While the pound was able to rally following Prime Minister Boris Johnson’s landslide victory last week, recently the British currency has suffered some losses. This follows Mr Johnson’s announcement on Tuesday that they had ruled out any extension to the December 2020 deadline for a trade deal with the EU. The …

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Pound US dollar exchange rate sinks as UK inflation remains at three-year low | City & Business | Finance

Ruth Gregory, an Analyst at Capital Economics, was downbeat in her analysis, saying: “With inflation well below target, little sign of underlying price pressures and GDP growth running below trend, an interest rate cut [from the BoE] on Thursday shouldn’t be completely ruled out”. Meanwhile, markets continue to react negatively …

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Pound euro exchange rate plummets on returning fears of a no-deal Brexit | City & Business | Finance

Sterling fell after markets reacted negatively to the news, seeing it as creating an unnecessary obstacle to Brexit negotiations and further heightening uncertainty ahead of Boris Johnson’s promised “get Brexit done” deadline of the 31st January. Paul Hardy, Brexit Director at the global law firm DLA Piper, commented: “Cementing the end …

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Pound US Dollar exchange rate: GBP/USD falls as Boris Johnson to rule out Brexit extension | City & Business | Finance

The British currency suffered losses on Tuesday after reports revealed Prime Minister Boris Johnson is seeking a hard line on the transition period after the Brexit deadline on 31st January. The Prime Minister’s Withdrawal Agreement Bill will need the UK to complete all arrangements to leave the EU by the end …

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