UPDATE 1-Brexit-shaken sterling hits 11-week low despite firm data
Wed Jan 11 01:39:16 EST 2017 | Reuters
LONDON Data suggesting the British economy kept its momentum at the end of 2016 despite June's Brexit vote could not support sterling on Wednesday as worries over a "hard" departure from the EU sent it to an 11-week low. Numbers showed industrial output rose 2.1 percent in November, recovering from a 1.1 percent drop in October and beating expectations for a 0.8 percent jump. But despite initially inching higher on the data, the pound quickly gave up those gains, briefly dipping below $1.21 GBP=..
LONDON Data suggesting the British economy kept its momentum at the end of 2016 despite June's Brexit vote could not support sterling on Wednesday as worries over a "hard" departur..
LONDON Sterling was on track for its biggest daily losses in three months on Monday, sliding over 1 percent to a 10-week low to the dollar after Prime Minister Theresa May said she..
LONDON Sterling was on track for its biggest daily losses in three months on Monday, sliding around 1 percent to a 10-week low to the dollar after Prime Minister Theresa May said s..
LONDON British Prime Minister Theresa May said on Monday it was wrong to say she was talking about a "hard Brexit", after the pound fell to two-month lows following an interview sh..
LONDON Morrisons (MRW.L) raised its profit forecast on Tuesday after new ranges and revamped stores helped Britain's fourth biggest supermarket beat expectations for Christmas trad..
LONDON Jan 10 Morrisons, Britain's No. 4 supermarket group, on Tuesday beat forecasts with its strongest underlying sales performance for seven years over the key Christmas period,..
Last night, Donald Trump took to Twitter to say he “[looks] very much forward to to meeting Prime Minister Theresa May in Washington in the Spring.” It appears, however, ..
The British pound tumbled to lows not seen since October on Monday, triggered by fresh worries of a “hard Brexit.” British Prime Minister Theresa May denied that the government’s a..
Theresa May has criticised those who believe a so-called "hard Brexit" is inevitable after the UK leaves the EU. The prime minister said she wanted the UK to "operate within" the s..
LONDON Banks with large London operations say they will step up lobbying European officials because they are running out of arguments to convince the British government the industr..
U.K. stocks stepped higher Monday, with miners helping to leading the way up as the pound fell following comments from Prime Minister Theresa May that signaled a “hard Brexit.” The..
U.K. stocks closed higher Monday, boosted by the pound’s drop following comments from Prime Minister Theresa May that were viewed as signaling a “hard Brexit.” The FTSE 100 UKX, +0..
LONDON Sainsbury's (SBRY.L), Britain's second biggest supermarket, beat forecasts for underlying sales in its Christmas quarter and said it was well placed to deal with the pressur..
LONDON Prime Minister Theresa May said on Monday it was wrong to say a "hard Brexit" was inevitable, after sterling fell to a 10-week low following comments interpreted as a signal..
The British pound, triggered by fresh worries of a “hard Brexit,” tumbled to lows not seen since October on Monday. British Prime Minister Theresa May denied that the government’s ..
Theresa May has now been in office six months as of Friday Jan.13, and it has become increasingly clear that Britain’s departure from the E.U. will be the defining issue of her fir..
Tesco, Sainsbury's And Morrisons Have All Beaten Christmas Sales Forecasts. Time To Buy Back In?
A buzz of cautious optimism is washing over the UK grocery sector after three of the country’s so-called ‘Big Four’ supermarkets all released bubbly trading updates this week. Brit..
LONDON Messaging app Snapchat said it would make London the home of its international operations, delivering another vote of confidence in Britain's tech standing as the country pr..
LITTLE IF ANY HARD DATA TO SUBSTANTIATE SUGGESTIONS OF MARKET ABUSE OR 'FAT FINGER' TRADES -BIS MARKETS COMMIT..
LONDON There is little if any data to support suggestions that traders may have deliberately spurred October's flash crash in sterling, a Bank for International Settlements report ..
Theresa May is failing Brexit Britain
When Theresa May appeared on the steps of Number Ten in her first address as Prime Minister, she seemed like a sudden moment of serenity in a chaotic post-Brexit Britain. She had r..
LONDON Britain's Sainsbury's (SBRY.L) beat forecasts for Christmas trading in its core supermarket business and was upbeat on prospects for its newly acquired Argos general merchan..
LONDON Jan 11 Sainsbury's, Britain's second biggest supermarket, on Wednesday beat forecasts for underlying sales in its Christmas quarter and said it was well placed for 2017. The..
LONDON Sterling edged towards a 10-week low against the dollar on Wednesday, kept under pressure by fears that Britain will undergo a "hard" exit from the EU in which access to the..
BELFAST The potential suspension of Northern Ireland's regional assembly could force Britain to delay its exit talks from the European Union if London's Supreme Court rules Belfast..
LONDON British supermarket Morrisons (MRW.L) raised its profit forecast on Tuesday after enjoying its strongest Christmas sales performance in seven years, while industry data show..
LONDON British supermarket Morrisons (MRW.L) raised its profit forecast on Tuesday after enjoying its strongest sales growth in seven years over the Christmas 2016 period, while in..
BERLIN (AP) — German Chancellor Angela Merkel is warning Britain anew that its access to the European Union's single market would be limited if it restricts the immigration of EU n..
Jan 10 Britain's Majestic Wine Plc said group sales in the Christmas period rose 15.3 percent, aided by a strong performance in its retail and --- Wine businesses. Sales at ---..
Futures Movers: Oil futures drop near 1-month low on concern producers won’t comply with output cut
Oil futures prices fell toward their lowest level in about a month Tuesday amid doubts for global producer compliance with the recent output-cut agreement and the potential for an ..
Britain's Prime Minister Theresa May, left, is interviewed by Sophy Ridge for a television channel, in London, Sunday Jan. 8, 2017. May said Sunday she will announce details of Bri..
Futures Movers: Oil up a second day on signs of output cut, weaker dollar and China demand growth
Oil futures settled higher Thursday, with indications that major producers are cutting back output, strong demand growth in China and a weaker dollar prompting prices to extend gai..
LONDON A leading donor to Theresa May's Conservative Party warned on Saturday he would cut his financial support if the government pulled Britain out of the European single market ..
SINGAPORE Asian stock markets steadied on Tuesday and crude prices inched up from Monday's three-week low, with investors uncertain whether output cuts by major exporters, led by S..
An investor looks at an electronic board showing stock information on the first trading day after the New Year holiday at a brokerage house in Shanghai, China, January 3, 2017. REU..
LONDON A clean break with the EU's single market is not inevitable, British Prime Minister Theresa May said on Monday, seeking to clarify comments that pushed down the pound on the..