Sterling Climbs Due to an Extension in Brexit Talks
On Monday, Sterling reached the $1.34 mark, experiencing gains of more than 1%, after the European Union and Britain extended discussions for making a post-Brexit deal after Sunday’s deadline. The European Commission’s president, Ursula von der Leyen, and Boris Johnson, the British Prime Minister, told negotiators to continue their...
EU and Boris Johnson Ready to Go an Extra Mile for the Brexit Talks
The recent developments related to the Brexit Talks are now appearing to be a good thing for the people who had their reservations about the Brexit trade. It has been revealed that the President and the European Commission are yet to come to a final decision regarding the Brexit...
Stocks Subdued by US Stimulus Doubts and Brexit
On Friday, world shares slipped as uncertainty regarding US stimulus talks and tricky Brexit negotiations reduced riskier bets even though coronavirus vaccines made progress, keeping the dollar weak and pushing Sterling down. There was a fall in European equities, with a 1.1% decline in the Euro STOXX 600 and...
Euro Remains Stable ahead of ECB Stimulus
On Thursday, the Euro managed to stand its ground before the European Central Bank (ECB) unveiled its fresh stimulus measures. In contrast, the British pound declined after the extension of post-Brexit talks until the weekend with the aim of finding the ever-elusive breakthrough. In recent weeks, the ECB officials...
Pound Volatility Surges as Johnson and von der Leyen Head to Dinner
On Wednesday, Sterling increased against a broadly week US dollar, after suffering from losses for three days, as British Prime Minister, Boris Johnson is heading to Brussels for dinner in a last-ditch attempt to make a Brexit deal with European Commission president Ursula von der Leyen. With only days...
China and Brexit
On Monday, world shares as well as other risk assets slipped, as fresh US-Sino tensions and increasing risks of a no-deal Brexit, which hit sterling hard, offset bets over more central bank and fiscal stimulus in the United States and Europe. Tracking shares of 49 countries, the MSCI world...
Energy Stocks Lead to Gains in European Shares
On Friday, European shares got a boost from oil stocks, with the blue-chip index in London reaching nine-month highs, while sentiment was also boosted due to signs of economic stimulus in the United States. There was a 0.8% increase in London’s FTSE 100, as there was a gain in...
Asian Shares Mixed in Global Markets as Dollar Weakens
On Thursday, Asian shares were mixed due to choppy trade on Wall Street, which was partly due to a disappointing jobs report in the US. Meanwhile, increasing optimism over the COVID-19 vaccine pushed the greenback to 2-and-a-half year lows. Britain became the first Western nation to approve a coronavirus...
Stocks Rest after Progress in COVID-19 Vaccine
On Wednesday, world stocks were just shy of record highs on hopes of a COVID-19 vaccine and additional US fiscal stimulus, even though the dollar was stuck at a two and a half year low because of enthusiasm for riskier assets. Britain became the first country on Wednesday to...
Euro Reaches Three Month High as Dollar Takes a Hit
The euro clocked a three-month high against the US dollar, as riskier currencies got a boost because of strengthening recovery in China and elsewhere and expectations of additional monetary stimulus from the United States. The New Zealand dollar was one of the currencies to watch, as the currency was...

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