British pound slips below multi-year high after Brexit deal

Investors say the UK-EU trade deal leaves the UK facing many economic uncertainties. A stalled US COVID-19 relief bill in Congress is also keeping investors edgy. The British pound hovered below a two-and-a-half-year high on Friday after the United Kingdom and the European Union struck a narrowly focused Brexit trade deal, while overall sentiment in […]

Whipsawed by Brexit, pound greets trade deal with a whimper

Strategists say much of the optimism over a Brexit trade deal was already baked into the price of sterling. For nearly half a decade, the pound has been whipsawed by Brexit negotiations – yet news that a trade deal has been reached saw it curb its advance. Sterling was up 0.3% against the dollar to […]

Stocks, British pound get Brexit lift, Alibaba hit by China probe

Asian shares and the British pound rose on Thursday ahead of the Christmas break, as the United Kingdom and the European Union closed in on a free trade deal and investors placed bets on global economic recovery prospects. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.45 percent. Australian stocks ended 0.33 percent higher, […]

Pound advances as UK and EU forge blueprint of Brexit deal

The pound strengthened 1.1 percent to $1.3501 after the news of a breakthrough. A trading deal the City of London has sweated over for almost half a decade looks like it’s finally here — eliciting a cheer across U.K. assets. With Britain forging the blueprint of a deal with the European Union, the pound strenghthened […]

British pound plunges amid COVID mutation, Brexit fears

Concerns about a new strain of coronavirus in the U.K. drove the British pound to its biggest loss since March, though the currency pared much of the loss after Prime Minister Boris Johnson made another offer to salvage Brexit talks. Sterling tumbled 2.5% to as low as $1.3188 before recovering most of that in New York afternoon, […]