Dow Rises and Gold Falls on Trade War Enthusiasm, ECB Decision Top Event Ahead
Though tentative, market participants latched on to nascent signs that trade war conditions may improve and the threat of recession is not as imminent as many fear. This would be the perfect opportunity for monetary policy to further leverage the uneven swell in sentiment. The ECB will start a run
BoE Cuts Growth Outlook, Sterling (GBP) Unmoved
BoE unanimously keeps rates at 0.75% as Brexit uncertainty continues to devaluate the pound and adjusts forward guidance to acknowledge the slump in global growth.
Ryanair lays off 900 pilots and flight attendants amid Brexit, 737 Max
CEO Michael O'Leary cited Boeing 737 Max delivery delays, Brexit uncertainty, and rising costs and competition. The airline will also close bases.
UK government built $146 billion war chest to stop run on pound in no-deal Brexit
The war chest suggests there was a "chance the UK would leave the EU without a deal and thus [create] a run on the pound," the BofA analysts say.
Brexit talks between Labour and the Conservatives have hit a new low
Shadow Chancellor John McDonnell said a letter to Theresa May by senior Tories including Boris Johnson had jeopardised cross-party Brexit talks.
Warren Buffett plans to make 'a very large acquisition' in Britain despite its Brexit 'mistake'
The uncertainty surrounding Britain's exit from the European Union is not putting off the renowned investor Warren Buffett.
Theresa May's future in doubt as Conservative grassroots schedule no-confidence vote
It is the first time that Conservative party members have forced an emergency meeting to debate a leader's future in nearly two centuries.
The EU tentatively backed a plan to fit every car from 2022 with a device that will automatically stop drivers breaking the speed limit
New "Intelligent Speed Assistance" software will use GPS and sign recognition cameras to see if a vehicle is speeding, before slowing the car down.
GBP Traders Groan on Brexit Delay - EUR/USD Eyeing Local Event-Risk
Sterling traders may have to endure a few more weeks of Brexit-related uncertainty as the EU-UK divorce continues to unravel. EUR/USD will be watching local
GBPUSD: Sterling Rises After MPs Vote Down No-Deal Brexit
GBP pushes higher after British Parliament rejects no-deal Brexit with the passing of Amendment F, but uncertainty remains about tomorrow's vote on Article 50.
No-Deal Brexit Odds Leave Stocks at Risk, USD Brushes off CPI Miss
The revised Brexit deal being rejected in Parliament increased the risk of a ‘no-deal’ EU-UK divorce. This may rob equities of gains after climbing on
British Pound at Risk on EU, UK Brexit Deal - Stalemate
The British Pound will be eyed by traders as the UK and EU attempt to reach a feasible Brexit deal before the deadline on March
British Pound in Limbo as Brexit Vote Approaches - Whats Next？
The British Pound may not move significantly until the UK parliament votes on amendments made to British Prime Minister Theresa Mays “Plan B” Brexit plan.