‘They are shorting the pound and the country’ warns Nick Macpherson of Boris Johnson’s hedge fund supporters.
Labour Demands Probe Over Claims Financial Backers Of Boris Johnson Stand To Profit From A No-Deal Brexit
28/09/2019
It comes after a searing article by former chancellor Philip Hammond about the PM.
Rachel Johnson reveals her suspicion that Boris Johnson's behaviour may down to pressure from investors who have invested billions in shorting the pound and the economy.
Sterling rallies as PM’s grip on power slips.
Sterling jumped 1% against the dollar on Wednesday to trade above $1.22 for the first time since Aug. 30, after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit.
It came after the pound slid to a three-year low on Tuesday as investors braced themselves for a turbulent day in Westminster.
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.
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.
UK-listed firm is latest to be targeted by a foreign buyer since pound weakened amid Brexit fears.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
The five key metrics are not pointing to anything good.
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?
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.
If no-deal Brexit goes ahead, the pound could be worse than a US dollar, exceeding the current record lows.
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.
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."
GDP shows negative growth for first time in nearly 7 years.
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.
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.
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.
Hong Kong stocks plummeted on Friday as the UK voted to leave the European Union.
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.
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”.