British Pounds

Here’s What FX Traders Should Watch as May Faces Brexit Votes

Posted on by The Editorial Team
Here’s What FX Traders Should Watch as May Faces Brexit Votes

LONDON (Capital Markets in Africa) – The pound is vulnerable to swings Tuesday as traders tweak positions ahead of votes by lawmakers to change Theresa May’s Brexit deal. The currency could climb to levels not seen in six months if Parliament votes to accept what has come to be known as the Cooper-Boles amendment, which seeks to defer Britain’s departure from the European Union should the prime minister not win approval for her deal by a…

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British Pound Slides as U.K. Vote Springs Hung Parliament Before Brexit

Posted on by The Editorial Team
British Pound Slides as U.K. Vote Springs Hung Parliament Before Brexit

LONDON (Capital Markets in Africa) – The pound headed for the biggest drop in a year after it emerged that the ruling Conservative Party has fallen short of an overall majority, just 10 days before Brexit negotiations are set to begin. The currency slumped against all of its major peers as Theresa May’s Tories were set to miss the target of 326 seats needed to form a majority government, contrary to what many polls were predicting…

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