Volatile Pound causes hedging headache for virus-stricken firms
The pound’s wild fluctuations are causing more distress for businesses already struggling under an unprecedented lockdown of the U.K. economy.
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Sterling slides amid UK government uncertainty
The pound continued to lose ground against the dollar and euro on Monday as uncertainty over the future of Theresa May’s fragile Government weighed on the currency.
Pound weakens as London terror attacks heighten election stakes
The pound fell in Asian trading after a weekend terror attack in London killed seven people, days before the nation votes in a snap election.
Brent crude prices dip after smaller than expected US inventories drop, pound rises
Brent crude prices dipped 1.3% to 51.34 US dollars (£39.39) per barrel as investors fretted about a smaller than expected drop in US crude inventories reported by the US Energy Information Administration.
Pound falls to eight-week low amid concerns over new Scottish independence vote
The pound tumbled to eight-week lows on Tuesday as investors started to fret over the prospect of a second Scottish referendum and the pending trigger of Article 50.
Property expert says weaker pound can help to revive Aberdeen’s fortunes
The plunge in the value of the pound can help to restore the fortunes of Aberdeen’s commercial property market, an expert said yesterday.
FTSE 100 nears record high as ‘hard brexit’ fears hit pound
The pound took a further hit after leaked documents warned a “hard Brexit“ could cost the UK more than £66 billion a year, but London’s FTSE 100 Index hovered near record highs.
Pound rises as UK services sector returns to growth
Britain’s powerhouse services sector bounced back last month, as output beat expectations and returned to growth following July’s shock contraction.
Global markets plunge as Brexit affect bites back
Global stock markets sunk into the red as last week’s post-Brexit relief rally unravelled while the pound also sunk to fresh 31-year lows against the dollar.
Sterling slump means costlier commodities for post-brexit UK
The collapse in the pound since U.K. voters chose to quit the European Union means more expensive imports of oil, natural gas and industrial metals, although some farmers and distillers may have cause to celebrate.
Brexit: Bank of England “monitoring developments closely” after vote
The Bank Of England has said it is "monitoring developments closely" after the UK voted to leave the European Union.
Brexit: Pound collapses on Leave win amid warnings of worse to come
The pound has crashed to its lowest level in 30 years as Britain heads for the European Union exit door, with experts warning of worse to come.