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Category: Currencies

City of London hit harder than rest of economy since Brexit vote | Bloomberg

1 February 2025 BrexitCarnage Leave a comment

​  … Brexit, fueling concern at the time that other cities in Europe would tempt business away from the UK. Photographer:…

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Posted in: Banking, Business, Currencies, Europe, Financial Services, Insurance Filed under: brexit, city-of-london, eu, uk

Cracks could be showing in UK’s reserve-currency status, rating agency warns | Reuters

25 January 2025 BrexitCarnage Leave a comment

​  Recent moves in UK debt markets, where gilt yields have risen even though interest rates are being cut and the…

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Posted in: Currencies, Europe, Financial Services Filed under: brexit, eu, pound, sterling, uk

Investors strap in for prolonged pain in debt-scarred UK markets | Reuters/Yahoo Finance

17 January 2025 BrexitCarnage Leave a comment

​  Investors who had been enjoying a brief rebound in long-suffering UK markets are hunkering down for a stretch of losses…

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Posted in: Currencies, Economy, Europe, Financial Services Filed under: brexit, eu, investors, markets, uk

Sterling falls after UK GDP unexpectedly contracts in October | Reuters

13 December 2024 BrexitCarnage Leave a comment

​  The pound fell on Friday after data showed the British economy shrank unexpectedly in October, which could prompt traders to…

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Posted in: Currencies, Economy, Europe, Financial Services, UK Filed under: brexit, eu, gdp, sterling, uk

BUZZ-GBP/USD-Trades at familiar levels amid budget, Brexit fallout | IFR

9 December 2024 BrexitCarnage Leave a comment

​  BUZZ-GBP/USD-Trades at familiar levels amid budget, Brexit fallout. Quick read. EMEA, Asia. Andrew M Spencer. You need to be a…

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Posted in: Currencies, Economy, Europe, Financial Services Filed under: brexit, dollar, eu, sterling, uk

Why UK pound is unlikely to regain pre-Brexit levels | Goldman Sachs

7 August 2024 BrexitCarnage Leave a comment

​  While he expects the pound to rally against the US dollar and the euro over the coming year, Trivedi, the…

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Posted in: Currencies, Economy, Europe, Financial Services, Opinion, UK Filed under: brexit, eu, pound, sterling, uk

Sterling needs more than higher UK rates to stay in fast lane | Reuters

18 July 2024 BrexitCarnage Leave a comment

​  The pound hit its highest in a year on Wednesday, driven by investors who are scrambling for juicier returns as…

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Posted in: Currencies, Economy, Europe, Financial Services, UK Filed under: brexit, eu, rates, sterling, uk

How UK election could make or break pound’s run | Reuters

27 June 2024 BrexitCarnage Leave a comment

​  Britain’s pound has bounced ahead of an expected landslide election win for the opposition Labour Party but the currency’s future…

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Posted in: Currencies, Europe, Financial Services, Politics Filed under: brexit, election, eu, uk

Pound nears 2016 levels as election nods to new Brexit tack | The Globe and Mail

1 June 2024 BrexitCarnage Leave a comment

​  The optics of sterling hitting its highest since 2016′s Brexit referendum after a surprise UK election announcement is hard to…

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Posted in: Currencies, Economy, Europe, Financial Services, Politics Filed under: brexit, eu, sterling, uk

BlackRock takes options to calm Brexit nerves despite pound positivity | Yahoo/Reuters

31 March 2024 BrexitCarnage Leave a comment

​  Scott Thiel, BlackRock’s Deputy Chief Investment Officer for global fundamental fixed income, said the money manager was buying option “calls”,…

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Posted in: Currencies, Economy, Europe, Financial Services Filed under: brexit, eu, pound, uk

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Comment on Carnage

  • Mark on Brexit has been a resounding disaster. Starmer must find the courage to change course | The Guardian
  • Kevin Jones on New entrance fee to visit Europe set to triple, says European Commission | CNBC
  • Elizabeth Gardiner on Labour is risking UK financial crisis by refusing to re-join EU | Rejoin EU Party
  • Elizabeth Gardiner on Brexit rule could leave UK passport holders banned from Spain for three years | Liverpool Echo
  • Elizabeth Gardiner on Reeves accused of leaving devolved nations in red after NICs rise | The Guardian
  • Elizabeth Gardiner on Bregret: Why many Britons regret leaving EU | Deutsche Welle
  • Kevin Jones on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent
  • Graham on Brexiters’ ‘sabotage’ claims as new proposals clear Commons | The Independent

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