Brexit

British Prime Minister Theresa May has agreed with Members of Parliament (MPs) from the Conservative Party that she will set a timetable for resignation from office after the fourth Brexit vote in early June. The announcement comes following a meeting between the 1922 Committee of Backbenchers and...

GBP/USD is trading at the lowest levels in three months amid trade and Brexit issues. PM Theresa May's future is at the hands of the Conservatives' 1922 Committee. The four-hour chart shows clear oversold conditions for the currency pair. UK PM Theresa May is getting closer to losing her...

Members of Parliament (MPs) have indicated that they will vote down Theresa May's European Union Withdrawal Deal for a fourth time after the Prime Minister said she would bring the deal back to Parliament in early June. Labour Party officials have said they will vote against the deal if there...

GBP/USD is getting comfortable in a lower range amid relative market calm. May will bring the Brexit deal to a fourth vote, and expectations are low. The technical outlook is bearish for the currency pair. Three is a lucky number in many traditions, but it was not a winner for UK PM Theresa May...

Support for the newly formed Brexit Party, led by the former U.K. Independence Party member Nigel Farage, has piled more pressure on British Prime Minister Theresa May as Conservative Party support in the upcoming European Parliamentary election hemorrhages. Opinion polls are consistently showing...

GBP/USD is extending its losses on lower ground. The Brexit impasse is the critical driver, overshadowing Trump's trade wars and the jobs report. The technical outlook is bearish for the currency pair. Brexit never really went away, and when things do not move forward, they move backward. The...

GBP/USD struggles with 1.3000, not going anywhere fast. Brexit continues tearing Britain's main parties apart and talks are closer to breaking up. The technical outlook leans to the downside for the currency pair. Nigel Farage's new Brexit party will receive more votes than the...

GBP/USD is under pressure, falling below 1.3000 once again.  The fate of trade talks and fears about North Korea outweigh Brexit optimism. The technical picture has turned bearish for the currency pair. Are markets beginning to ignore Brexit? Recent movements in GBP/USD suggest that events...

As the citizens of the European Union (EU) prepare for elections that will take place between 23 and 26 May, the Union's leaders will meet in Sibiu, Romania to discuss the development of the Union over the next five years. A new set of European Commissioners will be appointed following the...

GBP/USD is on the back foot as both trade and Brexit talks have stalled. New developments on both fronts are awaited. The technical picture is worsening for the pair. These are not happy days for GBP/USD. Cable is trading in the mid-1.3000s, struggling to recover recent losses as the mood has...

Negotiations between the Labour and Conservative Parties on a Brexit compromise resume on 7 May following the May Day break. In addition, Prime Minister Theresa May will meet backbench representatives who are reportedly keen to know when she will step down. According to newspaper reports within the...

Canadian aircraft manufacturer Bombardier (TSX: BBD.B) has announced the sale of its factory in Northern Ireland following a decision to concentrate its aviation activities in North America. In further evidence of the negative effects that Brexit is having on industry, Bombardier will consolidate...

After two years of chaos and perpetual discussions over the British-European Union (EU) divorce, the country's exit was postponed in a late night agreement in April. An extension was given until October 31 – an extension reserved to decide on the terms of Brexit. The British Parliament...

GBP/USD is trading in the upper 1.2900s, extending its gains. USD weakness and hopes for a softer Brexit help. The technical picture has turned positive for the pair. ​​​​GBP/USD is extending its gradual recovery, trading closer to 1.3000 than to 1.2900. The US Dollar has been on the back foot on...