 |
Egypt wins $8bn deal; pound plunges after currency moveThe International Monetary Fund agreed to provide Egypt an expanded support of $8 billion on Wednesday, after the central bank unshackled its currency and delivered a 600 basis points rate hike in a push to stabilise the economy. More… |
 |
Weak pound sparks GCC buyers' interest in prime UK propertiesFollowing on from the news last week that the pound sterling had sank to its lowest level against the dollar since March 2020, there has been a noticeable surge in UK property interest from Gulf based real estate buyers, according to global co More… |
 |
Covid-19 – not Brexit – to deliver bloodiest nose to the poundCoronavirus – not Brexit, nor the 2008 financial crash – is likely to deliver the biggest hammer blow to the British pound, warns the CEO of one of the world’s largest independent financial advisory and services organisations More… |
|
Covid-19 – not Brexit – to deliver bloodiest nose to the poundCoronavirus – not Brexit, nor the 2008 financial crash – is likely to deliver the biggest hammer blow to the British pound, warns the CEO of one of the world’s largest independent financial advisory and services organisations More… |
 |
UK exports rise as manufacturers benefit from weaker poundThe UK manufacturing output and orders grew over the last quarter, with export volumes growth the strongest for two and half years, according to the latest quarterly Confederation of British Industry (CBI) Industrial Trends Survey. More… |
 |
Minimal Brexit impact expected in the Middle EastAs many come to terms with the result of the June 23, 2016, British referendum to leave the European Union, many are considering whether there may be a ripple effect as far away as the Middle East. With clients approaching Hamish More… |
 |
Pound hits new 31-year low on Brexit worriesSterling hit a fresh 31-year low against the dollar on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union. The pound, the asset that has borne the brunt of mark More… |
 |
Britain votes to leave EU, Cameron quits, markets rockedBritain has voted to leave the European Union, forcing the resignation of Prime Minister David Cameron and dealing the biggest blow since World War Two to the European project of forging greater unity. Global stock markets plunged More… |
 |
Britain votes to leave EU in historic divorceBritain has voted to leave the European Union, results from Thursday's landmark referendum showed, an outcome that sets the country on an uncertain path and deals the largest setback to European efforts to forge greater unity since World War More… |
 |
Brexit declared victorious, global markets in chaosSeveral major British media outlets, including the BBC, declared that the UK had voted to leave the European Union as sterling plummeted to its lowest level since 1985 and global markets were roiled. The British currency fell as m More… |
