Stocks and the pound made a shaky start to a week in which both Britain and the European Union will set out their demands ahead of trade talks starting next month. Sticking points include UK alignment with EU rules and access for continental fishing boats to British waters.
French foreign minister says that the EU and UK will ‘rip each other apart’. Meanwhile, the British Retail Consortium criticises Boris Johnson’s negotiating stance.
London stocks continue to cheer Boris Johnson’s decisive victory one month to the day after he returned triumphant to Downing Street. But sterling was weaker as traders fears a cut in official interest rates.
Prime Minister Boris Johnson’s UK Brexit deal is approved, with the UK on course to leave the EU on January 31
The EU may need to extend the deadline for talks about a new trade deal with Britain once the country leaves the bloc, says the head of the European Commission.
UK car output falls as manufacturers prepare themselves for possible post-Brexit tariffs. Most vehicles are exported with the EU being the main market
Two-thirds of investors now expect stocks to outperform bonds
The Conservatives have achieved a surprisingly big majority. How the result could impact the pound, the markets and Brexit?
Brexit and election uncertainties put off British home-buyers and sellers last month
Brexit related markets
| Name | Sell | Buy | ||
|---|---|---|---|---|
| UK100 UK 100 | - | Sell | - | Buy |
| GBP/USD British Pound / US Dollar | - | Sell | - | Buy |
| EUR/GBP Euro / British Pound | - | Sell | - | Buy |
| GBP/CHF British Pound / Swiss Franc | - | Sell | - | Buy |
| BARC Barclays PLC | - | Sell | - | Buy |
| LLOY Lloyds Banking Group PLC | - | Sell | - | Buy |
| RBSl Royal Bank of Scotland Group PLC | - | Sell | - | Buy |
Economic uncertainty as YouGov poll suggests possibility of a hung parliament
Sterling, which is affected by sentiment over Brexit and whether the Conservative party will win an outright majority, is little changed amid expectations of a Tory victory
Analyse the UK general election impact on stock market performance with Capital.com. Will the outcome of the UK election 2019 boost or sink the stock market?
Survation poll shows Tory lead widens to 14 points over Labour
Raising a deposit is seen as the biggest barrier to getting on the property ladder, the Building Societies Association said.
Decline in orders and new projects hit businesses amid Brexit fears
Sterling was higher against all major currencies this morning as the 12 December Brexit election drew nearer. But share prices were down, and tensions surfaced at a UK-hosted NATO summit.
French trade minister wants a ‘very close’ partnership as long as UK plays fair over environment and labour standards
World GDP at lowest annual rate since financial crisis
CBI survey says output volumes fell again in November, but Brexit extension boosted order books
The high street chain had previously warned that the October 31 deadline could affect supply.
Britain’s Brexit election is under way, and the Chicago Board Options Exchange has put together a stock index designed to let traders take positions on Britain’s withdrawal from the European Union. Because the companies listed have low dependence on British revenues, their shares do well the “harder” Brexit looks likely to be.
He said the European Union would insist on zero dumping as well as zero tariffs and zero quotas.
Share prices rose this morning but sterling was weaker as the political parties prepared to battle it out ahead of the December 12 general election. Today will see a new Speaker of the House of Commons elected in what will be the last significant act of the current Parliament.
A new report from the EY ITEM Club believes previous predictions of GDP growing by 1.5% were too optimistic, with 1% now more likely.
As S&P 500 trend to new highs, thanks to risk-off and optimism around Brexit, these are the top indices to invest in November
What are the FTSE 100 stocks that will draw investor attention towards the end of the yearr? Learn more about the FTSE’s market performance in the midst of Brexit with Capital.com
Sterling and London share prices were higher this morning in the wake of Saturday’s Parliamentary deadlock over Brexit. Prime Minister Boris Johnson is demanding “a straight up-and-down vote” on his withdrawal deal.
Ms Truss says numerous countries including the US and Japan are keen to secure trade agreements with the UK.
British MPs meet on Saturday in the first such sitting in 37 years to debate Boris Johnson’s Brexit deal. Should they fail to pass it, Britain’s constitutional deadlock will remain unresolved.
It is the final countdown for Brexit, as we are approaching October 31. Brexit has given us numerous market events in the last several years. This Saturday, the British parliament will have an extraordinary sitting and we will cover the major markets that will be affected by this event. Largely focused on FTSE and GBP, Brexit trading influence other markets, including Gold and DAX, which will gain or lose when a deal or no-deal scenario is confirmed.
The UK Prime Minister Boris Johnson and European Commission president Jean-Claude Juncker say they have finally agreed a Brexit deal.
The research by State Street found that one-third believe ‘serious implications’ are on their way without a deal.
Barratt Developments said it has the balance sheet to deal with Brexit fallout as it built more than 3,000 homes in the first 15 weeks of the year
The decline continues a downward trend since the UK voted to leave the European Union in 2016.
The ONS said the economy shrank by 0.1% in August, but grew 0.3% on a three-month basis.
The pound fell by 0.67% against the euro to 1.112 and slid by 0.52% to 1.222 against the dollar during trading on Tuesday.
The FCA said the EU’s ‘patchwork’ approach to no-deal preparations has left the financial sector vulnerable to risks.
The British Retail Consortium (BRC) has found that UK retailers experienced their worst September since their records began twenty five years ago.
Critical talks between London and Brussels resume today as the October 31st deadline for leaving the European Union comes into sight. Markets were steady this morning but that could change very quickly if no deal is agreed.
House sales in the London boroughs of Brent, Kensington and Chelsea and Westminster are down by around 40%, Yorkshire Building Society said.
Sterling (GBP) slipped below $1.23 against the dollar after a Bank of England (BoE) policymaker said the next move for the central bank could be a rate cut
Britain ran a smaller than expected budget deficit last month but borrowing in the financial year to date rose by more than a quarter
Those affected may be homeless, unable to afford to move out of unsuitable properties or have ill health, the National Housing Federation said.
UK-listed stocks fell this morning as investors wait for the Supreme Court to rule on a key Brexit-related issue. These share-price losses were mirrored across Europe, with the pound actually rise against the euro.
The retailer reported a 2.7% rise in pre-tax profits to £319.6 million for the six months to July.
The Bank of England (BOE) has argued that Britain’s economy is underperforming in part due to Brexit uncertainty and will continue to do so if an October deal is not reached, Reuters reports.
Figures from the Office for National Statistics (ONS) show the Consumer Prices Index (CPI) was 1.7% last month, compared with 2.1% in July.
Households bought 0.9% fewer items than the same quarter last year, suggesting ‘talk about stockpiling might be just that’, analysts Kantar said.
The pound (GBP) rose to its highest level - a seven-week high against the dollar, breaking through the $1.24 mark, as investors cut their bets on sterling falling as the risks of a no-deal Brexit could be receding
The London-listed firm saw shares lift higher in early trading on Friday after it said forward sales remained above £1.8 billion.
This morning the pound (GBP) reached its lowest level since the 1980s, as Brexit turmoil continues.
The U.S.-China trade war and Brexit continue to significantly affect global economic confidence.
The pound fell on foreign exchanges this morning at the opening of a week that could see Britain’s fractious Brexit debate mutate into a full-blown constitutional crisis. London stock prices bucked the trend and rose, but given equity markets across Europe were generally higher, this may not have been significant.
The pound was down on the US dollar, but up against the euro.
London shares were higher this morning but sterling lost ground as the fight to replace Theresa May as leader of the governing Conservative Party shifted up a gear.
Stock markets have brushed off the disastrous result for the ruling Conservative Party in European Parliamentary elections, but sterling was lower across the board. Attention now shifts to the question of who will succeed Prime Minister Theresa May by winning the leadership contest.
The pound and share prices were resilient this morning despite continuing deadlock over the shape of Britain’s withdrawal from the European Union. Generally cheery markets in the City contrasted with gloom in the political capital, Westminster.
The pound strengthened on foreign exchanges this morning as the government and the opposition Labour Party prepared for Brexit discussions to continue over Easter. Cabinet Office minister David Lidington has said both sides will “take stock” ten days from now.
Share prices have started the week with a spring in their step despite huge uncertainties surrounding the course of Brexit. The pound was weaker on foreign exchanges as Prime Minister Theresa May sought to rally support for her withdrawal deal.
The prospect of an agreement in Parliament on the British government’s Brexit deal seems to have cheered markets. Sterling and share prices are trading higher than they were a month ago, despite short-term ups and downs.
The Brexit picture has been further clouded by a split in the opposition Labour Party and a looming vote on whatever deal the government can bring back from Brussels. But the pound is generally stronger against major currencies and the blue-chip FTSE 100 Index is higher than it was a month ago.
London stock markets were higher today as Prime Minister Theresa May flew to Northern Ireland to say she can get an agreement to a deal that suits the province. But sterling was lower after a disappointing survey of the services industry.
As Parliament debates amendments to the government’s European Union withdrawal legislation, the pound and domestic shares held their own on financial markets. But that could quickly change if legislative deadlock turns into a constitutional crisis.
Shares and the pound sent mixed signals this morning ahead of a critical Brexit vote in Parliament later today. There are fears that the expected rejection by MPs of the government’s proposed Brexit deal could spark a constitutional crisis.
With Britain set to leave the European Union on 29 March, with or without a deal, only one thing is clear: there is much uncertainty surrounding financial markets.
With 15 January 2019 confirmed as the date for a Parliamentary vote on the government’s Brexit deal, the FTSE 100 index was higher this morning and sterling gained ground against the euro. But fears remain that rejection of Prime Minister Theresa May’s proposals could trigger a constitutional crisis.
Catch up with the latest rates of Brexit 50/50 indices at Capital.com and take advantage of Brexit volatility.
Sterling has lost 5% against gold during the past month as Brexit-related political problems have threatened a constitutional crisis. Amid reports of panic buying in the UK, the price in terms of British pounds has soared.
Sir Graham Brady, the chair of the 1922 committee, confirmed on Wednesday morning that he has received at least 48 letters from Conservative MPs calling for a vote of no confidence.
The pound fell on news that Prime Minister Theresa May could face a vote of no confidence.
Sterling bounced off its lows yesterday as Theresa May mounted a rescue operation after pulling a vote in Parliament on her Brexit deal. The prime minister is meeting European leaders and officials seeking “clarifications” that may satisfy her critics.
Commons vote deferred to allow appeal to the European Union over the Irish backstop.
Ministers are touring the UK to bolster support for the government’s Brexit deal ahead of a key vote on Tuesday. Sterling was lower this morning, while London stock markets mirrored buoyant trading on continental exchanges.
Government defeats in Parliament over its Brexit legislation were followed by lower share prices in London. But worse may be to come in the event of a full-scale constitutional crisis.
The pound was up 0.5% versus the US dollar to 1.280 US dollars.
London’s blue-chip share index was higher this morning despite deepening uncertainty about the Brexit process. But sterling was down, as were domestic UK stocks, suggesting the drawn-out UK departure is taking its toll on financial markets.
The FTSE 100 closed 1.2% higher
Traders who thrive on stress and anxiety are in for a treat during the next 12 months as Britain’s tortuous departure from the European Union promises endless market turbulence. No-one can see the future, but there are some principles that ought to help traders navigate the choppy waters ahead.
The OECD said a no-deal Brexit scenario could wipe off more than 2% from UK growth over two years.
It was a record quarter for global payouts.
Sterling rose against the US dollar and euro, but FTSE 100 financial stocks remained under pressure.
Sterling fell sharply against most major currencies, dropping 1.5% to 1.28 US dollars and 1.4% to 1.13 euro.
Reports that the UK was “almost within touching distance” of a Brexit deal buoyed sterling and London stock prices this morning. But sticking points remain and the clock is ticking ahead of the 14 November deadline.
The pound and London share prices were sanguine this morning ahead of a key Brexit Cabinet meeting tomorrow. But a UK-EU deal is far from certain with major issues unresolved.
