Pound Rallies As Key Cabinet Ministers Begrudgingly Back May"s Brexit Plan

Theresa May's draft Brexit plan isn't dead yet - but its chances of survival certainly aren't looking good. With only 10 days until a hoped-for EU summit, the government of Theresa May lost a key senior offi.....»»

With Theresa May out of town for the G-20 summit in Buenos Aires, eight of May's senior cabinet ministers are reportedly working behind her back to undermine her draft deal, or at the very least hammer out an alternative propos.....»»

Stocks rose on Thursday after U.S. President Donald Trump said he would meet with China's top trade negotiator on Friday, while the British pound rallied after the prime ministers of Britain and Ireland revived hopes of a possible Brexit deal......»»

Has Theresa May done the impossible? Though negotiations are still taking place between May and European Commission President Jean Claude Juncker in Strasbourg, UK Cabinet Office Minister David Lidington told the Commons on Monday night that May had .....»»

Authored by John Petley via Politicalite.com, Cast your mind back to summer last year. The Cabinet gathered at the Prime Minister’s country retreat of Chequers, on the sylvan Chiltern d.....»»

Asian shares rallied on Monday as favorable U.S. jobs data whetted risk appetites, while sterling wobbled after the shock resignation of two UK ministers over Brexit threatened the survival of Prime Minister Theresa May......»»

The British government published in detail the long-awaited plan for its future economic relationship with the European Union that triggered the resignations of two prominent cabinet ministers earlier this week......»»

The British government published in detail the long-awaited plan for its future economic relationship with the European Union that triggered the resignations of two prominent cabinet ministers earlier this week......»»

Major currencies like the U.S. dollar and the euro were muted Tuesday, while the British pound led developed market gainers on the back of supportive wage data......»»

The British pound rose on Wedne.....»»

The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped broader gains......»»

The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, but gains were capped by concerns over whether that plan will win parliamentary approval......»»

Asian shares were on back foot on Tuesday as an unexpected drop in China's exports heightened worries about the global economy while the British pound braced for a showdown in parliament over the government's Brexit plan......»»

Three senior British Cabinet ministers are suggesting they may break with Prime Minister Theresa May and back amendments to delay Brexit unless a deal is agreed to in the next week......»»

London’s markets were down on Tuesday, after Labour Party leader Jeremy Corybn said he would back a second referendum, causing the pound to leap and pressure on the FTSE 100 to mount.....»»

The pound continued its rally on Thursday as investors expected a Brexit trade deal to be announced within hours......»»

Shoved aside by the coronavirus pandemic, Brexit is set to work its way into the headlines again as a June deadline for extending Britain's 11-month transition period turns currency traders' focus - and selling pressure - back to the pound......»»

Nissan is pushing on with plans to build its new Qashqai sports utility vehicle at its British factory despite warnings over Brexit, announcing on Friday a 52-million pound investment in a new press line at the site......»»

Russia will not back an OPEC call for extra oil output cuts and will only agree to extending existing curbs, a Russian source said on Friday, threatening to derail a plan by OPEC ministers for deeper reductions to cope with the coronavirus outbreak......»»

U.K. stocks edged higher on Thursday as the Queen set out Boris Johnson’s legislative plans, prioritizing Brexit and the NHS......»»