Market News

The Pound Sterling couldn't maintain momentum and edged lower against the US Dollar on doubts that the Prime Minister will be able to get her Brexit-related amendments Parliamentary approval.

After the European Commissioner for Competition Margrethe Vestager decided to block the Siemens and Alstom merger, the negative reactions, mainly from German and French senior officials and positions, came out swiftly.

Concerns about a global economic slowdown dominated markets on Monday, sending oil prices lower and pushing investors to expect a dovish tone from the Federal Reserve in its statement later this week.

This week is likely to see a very active market, with crucial U.S., British, and Swiss Central Bank input due, as well as another key Brexit vote in the British Parliament which is likely to finally determine whether the U.K. will be leaving the E.U. within the foreseeable future.

The Bank of Japan, as had been predicted in the latest poll, maintained interest rates at the current -0.1%.

After another voting round this Wednesday, the British House of Commons rejected the possibility of leaving the European Union without a deal.

The Pound Sterling couldn't maintain momentum ahead of the latest Parliamentary vote on the Brexit, and slipped against the US Dollar during London trade, falling from a 9-month peak.

Wall Street’s S&P 500 rose for the third consecutive day on Wednesday, buoyed by strong economic data and advances in the tech sector.

The Pound Sterling gained positive momentum after Tuesday's Parliamentary defeat of the Prime Minister's latest Brexit-related proposal.

The British House of Commons will be voting again about a no deal Brexit after they rejected the agreement that the premier Theresa May and the European Union reached.

Gold prices were trading near two-week peaks on Wednesday after the British Parliament voted to reject Prime Minister Theresa May’s Brexit proposal.

The US Dollar and Japanese Yen both fell during Tuesday trading on news of a Brexit negotiation breakthrough which led to FX traders ditching the “safe haven” currencies in favor of higher risk assets.

Jean-Claude Juncker, the European Commission president, said on Monday that the last "legally binding" changes made to the Brexit deal is sealed and won't reopen the terms of the exit, giving this the last chance the British will have to leave the European Union in an orderly fashion.

A decision by the European Commission to agree to changes in the Brexit deal have pushed Asian shares higher.

The Pound Sterling moved lower on a media report which said that Theresa May may change tomorrow's critical Parliamentary Brexit vote.