United Kingdom

British Pound hits two-month high amid Brexit uncertainty

The British pound was Wednesday morning trading above $1.30 (€1.14), in a move that many currency analysts were linking to the possibility of the Brexit date being delayed becoming more likely.

23 January 2019

United Kingdom

Sterling steadies after parliament's crushing rejection of Brexit deal

What comes next is crucial for the British economy with analysts fearing a 'no deal' worst case scenario

16 January 2019

World News

Which British scientist should be the face of the new £50 note?

The Bank of England is asking the British public to nominate a scientist for a new plastic 50-pound note that will replace the current paper version.

2 November 2018

United Kingdom

British pound hits post-Brexit referendum high

The pound sterling has reached its highest level compared to the dollar since the June 2016 vote

17 April 2018

Economy

Pound jumps on Brexit breakthrough

There was a sigh of relief across financial markets after the UK and the EU agreed to start talks on post-Brexit trade and a transition period.

8 December 2017

Economy

UK inflation highest since 2012

British inflation rose to its highest level in more than five years for September, adding to the likelihood that the Bank of England will raise interest rates next month

17 October 2017

Economy

British economy shows signs of 'slowdown' in latest growth estimate

26 July 2017

United Kingdom

Sterling falls as markets react to UK election result

9 June 2017

Economy

Sterling sees sharp drop in value over election confusion

As Britain looked to be heading towards a hung parliament over night, a sharp downturn in the sterling market had investors concerned

9 June 2017

Economy

British shoppers spend, spend, spend in April - not deterred by inflation

UK retail sales jumped by 2.3 percent on the month in April as shoppers set aside their concerns about fast-rising inflation following the Brexit vote

18 May 2017

United Kingdom

New £1 coin is launched in the UK this month

The UK’s currency will face a major change this month, as a new design of one of the most central coins is launched.

16 March 2017

Economy

UK services sector optimistic, CBI survey finds

Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union.

27 February 2017

Business Series

Weaker pound, pricier fuel to hit easyJet profits

British low-cost airline easyJet warns the weaker pound and pricier fuel will reduce its profits more than expected this year.

24 January 2017

Economy

Brexit linked weaker pound boosts UK inflation to 1.6%

Inflation in Britain rose strongly in December as the Brexit vote caused the pound to weaken pushing up the cost of imported raw materials.

17 January 2017

United Kingdom

Sterling surges after Brexit speech

Theresa May's announcement that the UK will leave the single market in what is widely being seen as a "hard Brexit" has already had an impact on the financial markets.

17 January 2017

Markets

Pound slumps ahead of Brexit speech by UK Prime Minister Theresa May

The pound plunged further against other currencies on Monday ahead of Prime Minister Theresa May's speech outlining the government's plans.

16 January 2017

Markets

Pound stays low despite UK prime minister's explanation of Brexit remarks

The value of the pound has slumped on fears Prime Minister Theresa May's comments meant Britain would be leaving the EU single market.

9 January 2017

Economy

Bank of England drops planned UK interest rate cut

The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.

3 November 2016

Business Series

Microsoft to raise prices over Brexit vote linked pound slump

Microsoft is to sharply increase the prices for some of its enterprise software and cloud storage in Britain after the value of the pound plunged.

24 October 2016

Business Series

Ryanair blames weaker pound for profit forecast cut

The weaker pound has led Ryanair to cut its annual profit forecast but it expects to boost market share by selling more tickets at cheaper prices.

18 October 2016