Sterling would weaken considerably against both the dollar and euro if Britain left the European Union without a deal, according to strategists in a Reuters poll, with many saying the pound could reach parity with the common currency.
STERLING took a hit today as currency traders digested the latest economic figures which suggest the chance of the UK falling into recession is rising.
As the possibility of a no-deal Brexit scenario increases, and the government publishes its “no-deal preparedness” notices, it is worth taking stock of the sheer variety of problems that would arise with a no-deal Brexit – and the devastating consequences that would arise from such a legal limbo. Here’s what we know so far.
The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his rivals in the race to lead their ruling Conservative Party.
Tim Martin on Question Time - taken apart
01/12/2018
A few days back, Tim Martin appeared on Question time. A 1-min clip of his performance has gone viral on Twitter. So error-packed was that one minute, that we should take the time to dissect it to bits...
Food prices will go up, not down, after a no-deal Brexit – despite what Jacob Rees-Mogg says
07/01/2019
Could Brexit mean cheaper food on our supermarket shelves? The idea has been propagated by politicians such as Jacob Rees-Mogg and business people like JD Wetherspoon’s owner Tim Martin, who promised lower prices in his “Beermat Manifesto”.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
Hong Kong stocks plummeted on Friday as the UK voted to leave the European Union.
Brexit has contributed to far bigger fall in living standards than 1990s recession, research finds
17/07/2019
Real household incomes have fallen by 0.5 per cent over past two years amid pound’s slide and welfare cuts.
He was booed in Scotland. In Wales, a chicken submitted to his embrace, but politicians held him at arm’s length. And in Northern Ireland, there were rumblings of Irish unity — which could only come at the expense of its ties to the rest of the United Kingdom.
The surging price of bitcoin could reach record highs in the coming months if the UK leaves the European Union without a deal, according to some cryptocurrency analysts.
GDP shows negative growth for first time in nearly 7 years.
UK economy shrinks amid Brexit uncertainty
09/08/2019
The contraction was the first since 2012 and comes ahead of the UK's planned exit from the European Union. Chancellor of the Exchequer Sajid Javid promised the "fundamentals of the British economy are strong."
The currency plunged to 93.26 pence against the euro in the late hours of Sunday, the lowest it has been since October 2009, when the financial crisis gripped Britain.
If no-deal Brexit goes ahead, the pound could be worse than a US dollar, exceeding the current record lows.
British pensioners in France and Spain face more struggle as pound slides to two-year low
31/07/2019
As the British pound continues its fall against the Euro many headlines have focused on holidaymakers getting less spending money - but for people in France and Spain with an income from the UK, the situation is a lot more serious.
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
The five key metrics are not pointing to anything good.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
UK-listed firm is latest to be targeted by a foreign buyer since pound weakened amid Brexit fears.
Britain's Prime Minister Boris Johnson will suspend Parliament for more than a month before Brexit, enraging opponents and raising the stakes in the country's most serious political crisis in decades.
Pound To Dollar Exchange Falls To Lowest Rate In Almost Three Years As Uncertainty Over Brexit Intensifies
03/09/2019
The pound fell to its lowest level since October 2016.