• How low will it fall? The pound continues to dive on 'no-deal' Brexit fears

    2 monthes ago - By Chron

    Markets Insider
    The pound continues to fall against the dollar on Thursday, hitting a fresh 11-month low.
    Traders are concerned about the rising prospect of a 'no deal' Brexit.
    You can follow sterling, and other major currencies, live on Markets Insider.
    LONDON - The pound's extended slump continued on Thursday as it fell to a fresh low against the dollar.
    Sterling is down 0.2% the dollar to $1.2858 at 9.45 a.m. BST , marking a fresh 11-month low. The pound is up 0.03% against the euro to €1.1101, still trading close to 9-month lows.
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  • Conservative Brexit rebels will block Theresa May from crashing out of the EU without a deal

    2 monthes ago - By Chron

    Stephen Hammond
    Conservative rebel Stephen Hammond warns Brexiteers that MPs will block a no deal Brexit.
    In an interview with Business Insider, the ex-government minister said a majority of MPs would stop a no deal Brexit if Theresa May fails to reach an agreement with the European Union.
    This comes after Trade Secretary Liam Fox said he'd rather leave without a deal then extend Brexit talks.
    Hammond accused Fox of being "naive" and urged hard Brexit-supporting colleagues to become "informed."
    He predicted a "political crunch" for the Conservative government if there is no Brexit deal.
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  • The EU is preparing to offer a major Brexit concession to Theresa May

    The EU is preparing to offer a major Brexit concession to Theresa May

    2 monthes ago - By Business Insider

    EU member states are reportedly willing to consider a Brexit deal which allowed Britain to remain in the single market for goods, according to a report.
    Member states would demand that the UK replicated all environmental, social, and customs rules in return, however.
    The EU's chief negotiator Michel Barnier has previously ruled out such a deal.
    The UK parliament would be likely to reject such a deal on the grounds it would keep Britain to closely linked to the EU and limit the country's ability to strike new free trade deals.
    LONDON - European leaders are ready to make a major concession...
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