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Economy 07 Apr 2017 | 6:04 AM

Sterling's fate hangs on tone of Brexit negotiations

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.

Business 01 Apr 2019 | 12:00 AM

Goldman: One-year Brexit extension likely

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.

Business 15 Mar 2019 | 12:00 AM

Brexit heads for delay as May tries to scare up support for deal

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.

Economy 14 Mar 2019 | 8:40 AM

British parliament to vote on Brexit delay, PM seeks to revive her deal

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.

Economy 14 Mar 2019 | 6:17 AM

Brexit delay adds another dimension of damage to UK economy

LONDON: A delay to Brexit this week may be better than the alternatives, but that’s cold comfort for the U.K. economy.

Forex 12 Mar 2019 | 7:09 AM

Brexit deal changes propel pound, Asian shares higher

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.

Markets 12 Mar 2019 | 12:58 AM

Asian shares rise after changes to Brexit deal

SHANGHAI: The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement

Economy 20 Feb 2019 | 8:36 AM

Britain targets Brexit deal within days as May heads to Brussels

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.

Forex 06 Feb 2019 | 1:48 AM

Sterling to slump on no-deal Brexit, rise a bit on orderly exit

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.

Corporate News 29 Jan 2019 | 2:33 PM

UK PM May: EU is willing to agree a Brexit deal

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.