Jeremy Hunt — News Archive

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Sterling Crashes to New 27-Month Lows on Hard Brexit Fears

The Sterling pound today fell to new 27-month lows against the US dollar as markets reacted to a poor UK jobs report and the uncertain British political environment. The GBP/USD currency pair was also adversely affected by comments from the two remaining Conservative Party candidates saying that the Irish backstop was dead.

Pound Falls on Political Uncertainty and Weak UK Data, Later Rallies

The British pound today fell to its daily lows in the mid-London session as investors reacted to the release of the weak UK public sector finances data. The GBP/USD currency pair was also weighed down by the political uncertainty in the UK as investors deal with the prospect of a hard Brexit.

Sterling Rallies As Johnson Floors Rivals in 1st Round, Later Falls

The Sterling pound today rallied against the US dollar in the mid-London session as Boris Johnson floored his opponents in the first round of voting within the Conservative Party. The GBP/USD currency pair had fallen earlier today as markets reacted to yesterday’s defeat of a motion to eliminate the possibility of a hard Brexit.

Sterling Falls on Weak UK Data As Tory Leadership Contest Heats Up

The Sterling pound today fell almost to one-week lows after the release of a raft of disappointing macro data from the UK docket such as the April GDP print. The GBP/USD currency pair remains under pressure as the Conservative Party‘s search for a successor to the outgoing Prime Minister Theresa May officially kicks off.

British Pound Declines on Chaotic Cabinet Reshuffle

The British pound today registered a massive drop against the US dollar after a cabinet reshuffle by Theresa May turned chaotic. The cabinet reshuffle turned chaotic after the Education Secretary Justine Greening quit the government and Health Minister Jeremy Hunt refused to vacate his office.

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