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LONDON: How Britain's divorce negotiations with the European Union progress will decide whether sterling sinks possibly as low as US$1.10 or bounces as high as US$1.50 in the coming year, a Reuters poll of foreign exchange strategists found.
London: The defeat of Theresa May’s stripped-down divorce agreement with the European Union last Friday means a softer and longer Brexit process is now more likely, according to Goldman Sachs.
LONDON: The UK is on course to delay Brexit and open the door to a radical re-write of the terms of its divorce from the European Union after recoiling from an economically disastrous no-deal split.
LONDON: Britain's parliament was due to vote on Thursday on whether to delay Brexit beyond March 29 and Prime Minister Theresa May prepared to push lawmakers to vote again before then on her EU divorce deal, which they have twice rejected.
LONDON: A delay to Brexit this week may be better than the alternatives, but that’s cold comfort for the U.K. economy.
SHANGHAI: The pound and Asian shares jumped on Tuesday after the European Commission agreed to changes in a Brexit deal before a vote in the British parliament on a divorce agreement that has unnerved financial markets over recent months.
LONDON: Prime Minister Theresa May is making a last-ditch attempt to save her Brexit deal and prevent Parliament seizing control of the U.K.’s divorce from the European Union.
LONDON: Sterling will gain between 2 and 5 percent if Britain parts ways with the European Union with a divorce deal but will slide between 5 and 10 percent in the event of a disorderly Brexit, a Reuters poll found on Wednesday.
LONDON: Prime Minister Theresa May said the European Union wants to agree a Brexit divorce deal but that lawmakers must be clear what type of deal they will support after parliament rejected her deal this month in the biggest defeat in modern British history.