Philip Hammond — News Archive


British Pound Drops As Brexit Uncertainty Deepens, Later Recovers

The British pound today fell to new 4-month lows against the US dollar as the uncertainty surrounding the Brexit issue deepened. The GBP/USD currency pair hit new lows as uncertainty reigned over who would succeed Theresa May as Prime Minister and whether they would support a no-deal Brexit.

British Pound Rallies as PM May Expected to Win Leadership Challenge

The British pound today rallied higher from the early European session as analysts predicted that the British Prime Minister will win the leadership challenge from within her party. Most analysts are predicting that Theresa May will win the no-confidence vote scheduled for later today despite 48 Tory MPs submitting letters that triggered the vote.

Pound Trades Sideways on BoE Credit Data Ahead of Budget Speech

The British pound today traded in a tight range against the US dollar on the latest BoE credit data even as investors await the autumn UK budget speech later today. The pound’s slight rally was supported by the improved risk sentiment among investors, which supported the cable and prevented it from falling further.

British Pound Rallies Against US Dollar on Weak US Data

The British pound today rallied to new highs against the US dollar after the release of disappointing US durable goods orders. The pound had hit daily lows after the Chancellor of the Exchequer, Philip Hammond released the government’s Autumn Budget 2017.

Pound Rallies on Hopes for Progress in Brexit Talks

The Great Britain pound rose today amid hopes about progress in the Brexit talks.

Pound Stable amid Argument About Chances of BoE Rate Hike

The Great Britain pound was mostly stable today as market analysts argued whether the outlook for monetary tightening from the Bank of England is warranted considering the Brexit uncertainties.

British Pound Rallies Against US Dollar on Positive GDP Data

The British pound today rallied higher against the US dollar after the release of preliminary UK GDP data for the second quarter, which met expectations. The British pound initially dropped after the GDP announcement before gaining traction and rallying higher against the US dollar after British finance minister Philip Hammond‘s comments on Brexit.

British Pound Weakens to Lowest Level in 8 Weeks Against US Dollar

The British pound declined against the US dollar on Thursday, after concerns towards Brexit returned to the market as the end of the current month is expected to be the time when the government triggers Article 50. Chancellor of the Exchequer Philip Hammond released the spring budget of the United Kingdom yesterday, which did not contain mentions of Brexit. However, investors believe that the government is preparing plans to shape the economy of the nation after departing from […]

Great Britain Pound Struggles as Brexit Uncertainty Weighs

The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row.

Great Britain Pound Attempts to Keep Upward Momentum

The Great Britain pound rose against most of its major rivals during the Monday’s trading session. The euro was an exception, rising against the sterling intraday, though giving up virtually all of its gains later.