Economy

Pound soars amid hopes of a Brexit deal

Pound soars amid hopes of a Brexit deal”

If a final Brexit settlement figure can be agreed by the middle of December then it may allow the United Kingdom and European Union to swiftly move on to the next phase of Brexit talks, which should include the important trade discussions.

A deal on the Northern Ireland-Irish border - a key part of Brexit talks which were hoping to see a breakthrough next month - has become trickier as the Irish government has been pushed to the brink of collapse.

Traders leapt on the signs of further progress in Brexit negotiations, following yesterday's sterling rally on reports the Brexit "divorce bill" was set to be agreed.

Sterling rose by almost a cent to just under $1.35 in overnight trading, building on strong gains made a day earlier that had taken it to the highest level since September.

Irish Minister for Foreign Affairs and Trade Simon Coveney has called upon the UK to guarantee there will be no regulatory disparities between Northern Ireland and the Republic of Ireland after Brexit. Virginia Mayo EPA

'If such progress is made, expect the United Kingdom and the EU to move negotiations on to potential transitional arrangements and post-Brexit trade at the 14-15 December EU Summit'.

The Times also reported on Thursday that the United Kingdom was close to a deal concerning the border with Northern Ireland and the Republic of Ireland.

GBP CAD Forecast: Canadian GDP to Slow?

Following the news Sterling made gains against all the major currencies, rising against the Euro, US Dollar, Australian Dollar, the New Zealand Dollar and the South African Rand. Looking ahead the GBP CAD exchange rate may continue to surge in the second half on the week as Canada publishes its latest GDP figures, with economists forecasting that domestic growth will have slowed significantly in the third quarter. The GBP/EUR rate reached a high of 1.1315, while the GBP/USD exchange rates and the GBP/AUD rates climbed to 1.3430 and 1.7695 respectively.



Like this

loading...
loading...

Latest


30 November 2017
Sanches isn't showing his talent, admits Clement
His confidence is low, he wants it badly, he is working and working but it is not happening in games for him at the moment". But most disappointing is the nature of the goal, we were not ready.

30 November 2017
Big Boss 11: Hina Khan mocking Sakshi Tanwar and Gauhar Khan
Sakshi becomes her next target when Hina compliments her for her work in Dangal, but then shows a dislike for her facial features. She also went on to add that even though Sanjeeda Sheikh is good looking in real life, it doesn't translate well on camera.

30 November 2017
Meet the man who deactivated Donald Trump's Twitter account
The person was till now was known as an ex-Twitter employee but we know who was that person. While the move was made on his last day on the job, Duysak claims it was an honest mistake.

30 November 2017
Google faces mass legal action in United Kingdom over data snooping
In a press release, Google You Owe Us says that the use of the Safari workaround was illegal and "a violation of trust ". And if the class action is successful, all of those user likely need to be compensated.

30 November 2017
AK Steel Holding Corporation (AKS), Nokia Corporation (NOK)
To measure price-variation, we found DYN's volatility during a week at 1.98% and during a month it has been found around 2.97%. On a similar note, the stock is -5.97% below its 50-day moving average, providing a measure of support for short positions.

30 November 2017
Neymar's father on possibility of transfer to Real Madrid
Neymar joined PSG this summer from Barcelona for €222 million ($264 million), while Mbappe joined the club from Monaco for €180 million.

30 November 2017
Thief caught after running out of gas
Good news for York's girlfriend: she got a check from her insurance company and bought a new vehicle , but not another Ferrari. A $300,000 Ferrari was found trashed at a gas station after the alleged thief ran out of gas two weeks after it was stolen.

30 November 2017
Nargis Fakhri, Uday Chopra reportedly rekindling their old romance
Further, the report quotes a source as saying, "Nargis meets Uday whenever she is in Mumbai but they are not together anymore". This apparently had Nargis heartbroken, who then chose to leave India and Bollywood for good to settle down in the US.

30 November 2017
Here's why Alia Bhatt rejected Prabhas' 'Saaho'
Shraddha Kapoor will be seen as Prabhas' love interest while Neil Nitin Mukesh plays a prominent role. Alia Bhatt and Shraddha Kapoor are known in the film industry for their unique acting abilities.

30 November 2017
Karan Johar miffed at Katrina Kaif?
Releasing on December 22, the buzz around the Ali Abbas Zaffar film is at its peak. Furthermore, she explained that "We are also living a life alongside all of this".