- Monday, 10 October 2016
- News
Business leaders warn Theresa May against 'hard Brexit'
Business leaders have publicly warned the Government to avoid a 'hard' Brexit, saying it could do 'serious and lasting damage to the UK economy'. The joint letter from business groups including the CBI and the EEF, the industry body for engineering and manufacturing employers, said Brexit 'must deliver barrier-free access to the EU's Single Market, which is vital to the health of the UK economy'. Failing to get good terms and falling back on World Trade Organisation rules 'would have significant costs for British exporters'.
Read more...- Thursday, 06 October 2016
- News
Sterling continues its downtrend breaking below 1.27 handle
There were no major data releases from the UK today. U.K. Prime Minister Theresa May said central banks and their ultra-loose monetary policies helped to widen inequality and vowed her government will act to reverse that course. In her closing address to the Conservative Party conference Wednesday, May acknowledged that policy action had been needed to deal with the economic fallout of the financial crisis in 2008, but said it hadn’t benefited everyone to the same degree.
Read more...- Wednesday, 28 September 2016
- News
Sterling little changed in a quiet Wednesday trade
There were no data releases from the UK yesterday.The process of Brexit hasnt yet officially begun and the modalities and the details are yet to be worked out and this is an uncertainty that is weighing on the pound. The data that has come out of the UK ever since the Brexit verdict have all been better than expectations and this gives confidence in the economy but without the details of the process, its difficult to understand the full and true impact of the same. Read more...
- Friday, 23 September 2016
- News
UK may not need two years to get EU divorce deal – minister
Britain expects to start the divorce procedure to leave the European Union early next year and may not need two years to negotiate a deal, Foreign Secretary Boris Johnson said on Thursday. London is under pressure from fellow EU members to invoke Article 50 of the EU's Lisbon Treaty, which triggers the start of the exit from the bloc. After that, Britain will have two years to negotiate a deal. Aides to Prime Minister Theresa May have suggested she hopes to trigger the procedure early next year to assuage any fears in her ruling Conservative Party and among millions of British voters that their decision to leave will not be heeded promptly.
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