UK Economy Set for Slowdown as Brexit Stockpiling Boost Fades

The labor market has been the bright spot since the 2016 Brexit referendum, with unemployment at its lowest rate since the 1970s.Whoever takes over from Prime Minister Theresa May, who resigned as Conservative Party leader on Friday, will inherit an economy under pressure as Brexit uncertainty c

US President Trump backs Boris Johnson as next British prime minister

Trump also had harsh words to say about the wife of British Prince Harry, American former actress Meghan Markle, who had criticized the ex-reality show host during his 2016 presidential campaign.However, in March she voted for the agreement, claiming that it was the only way to ensure Brexit hap

Donald Trump says Boris Johnson would be 'excellent choice' as next Tory leader

Read More on Yahoo News 'Two very good guys': Trump says he might meet Boris Johnson and Nigel Farage during UK state visit Boris Johnson says he's willing to take the UK out of the EU without a deal “I could help anybody if I endorse them.The US President claimed other candidates had approached

Boris Johnson would make 'excellent' British PM: Trump

It could however add to tensions during Trump's three-day visit to Britain.In the interview, Trump also repeated his criticism of how May has handled Brexit negotiations, saying Britain had allowed the EU to "have all the cards".- 'Nasty' Meghan - Commenting on Britain's domestic politics an

Meghan Markle and Prince Harry Celebrate Pride Month with Sweet Post on Instagram: 'Love Is Love'

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Meghan Markle and Prince Harry Make Clean Split From Royal Charity With Kate Middleton and Prince William

This isn't the first move the Duke and Duchess of Sussex or Duke and Duchess of Cambridge have made to move toward their own respective interests.The event centers around Paralympic games designed for wounded service members and veterans.Prince Harry, Meghan Markle, Kate Middleton and Prince

Queen Elizabeth Reportedly Warned Prince William Before Marrying Kate: 'Enough Was Enough'

Queen Elizabeth II reportedly warned Prince William to be sure of Kate Middleton before they got married.The Duke and Duchess of Cambridge took their time when they were still courting.They had an on-again, off-again relationship for almost a decade.However, before they got married, the

Claim: David Cameron Considering Return to Front-line Politics

A stumbling block to the return of former Prime Minister Cameron and his loyal lieutenant Osborne Osborne is whether they would be willing to serve under Boris Johnson, the current frontrunner to succeed Theresa May.One source close to Mr Cameron said at the time that Cameron had been “bored shi

Queen 'deeply upset' by distressing personal news

The beloved royal aid had worked for the royals in various roles since 1974, starting out as a maid before working her way up to head housekeeper at Windsor Castle.Dickie Arbiter, who previously worked as the Queen's press spokesperson, shared his fond memories of Annette on his Twitter account

Peter Stefanovic is announced as Sky News breakfast show co-anchor

Thrilled about it, actually,” he told News Corp. “It’s a great challenge, a wonderful opportunity and a fantastic privilege to be asked to be part of the Sky News team.” Taking to Twitter, Pete spoke about his new role - and included that all important start date.

WATCH: House Rules' Tim and Mat: The real truth about us

I don’t go to the gym or anything.One of the things I’ve missed a lot on the show is being able to jump up and go to the gym.” Meanwhile, Tim’s half-brother Mat, 27, says he has never really struggled with his weight before.“I ruptured my patella tendon, so my kneecap was halfway up my leg,

Meridian Bank Holiday weekend weather

This Evening and Tonight: Rain clearing and cloud breaking to leave some late evening sunshine.

Andy Murray: 'I don't need tennis'

He admitted he had avoided hip surgery in the past because no singles player had come back from it.After successful surgery and rehabilitation, the twice Wimbledon champion and Olympic gold medallist, said he would now consider playing doubles on grass "if things continue to progress well".T

Knife crime: How 'soft' sentences are putting lives at risk

Former cabinet minister Priti Patel said: "These shocking figures demonstrate the failure of the criminal justice system to punish dangerous offenders and keep the public safe.Craig's father Michael McClelland, 60, of Linwood, said his son had been "killed by someone who had no right to be on th

Muslim women say Boris Johnson's bid for PM 'shows how little we matter'

Salma Yaqoob, former leader of the Respect party said: ‘Boris’ comments about Muslim women were just one small part of his clown paint; the lie about £350 million pounds going to the NHS if people voted Leave another bigger part.Ms Faisal said that after Mr Johnson made his comments comparing wo

Tory campaign chiefs accused of 'stitch up' to fill safe seats with Remainer liberals

The move comes amid allegations made privately by Tory MPs and candidates that the candidates office, which has been run by Gareth Fox throughout David Cameron and Theresa May’s leadership, has blocked many Brexiteers from getting seats and tried to fill safe seats with liberal candidates.

Coronation Street fans to FINALLY find out who sabotaged factory roof

This week fans will finally find out who sabotaged the factory roof and Audrey Roberts discovers the truth about her missing money."If David follows what he says, they have a chance."She still has her business, they have a business and she will get her money back so, actually, it was an inve

Why your jewellery could be worth THOUSANDS of pounds – do you own any?

Getting a certificate from a professional will also help you negotiate for a better price when the time actually comes to sell your diamond.The experts at, an online diamond buyback service, have exclusively offered their tips for selling your jewellery.A simple way to determine

GBPUSD Rate Outlook Mired by Renewed Threat of 'Hard Brexit'

Will keep a close eye on the RSI as the oscillator pushes into oversold territory, but a move back above 30 may foreshadow a rebound in GBP/USD as the bearish momentum abates.Want to know what other currency pairs the DailyFX team is watching?GBP/USD trades to fresh monthly lows, with U.K. d

GBP/USD Advances on News Theresa May Will Step Down

The bulls will target profits at around 1.2752 in the short-term while the bears will look to pounce by targeting profits at 1.2656.This sets up with another bearish trading range experienced between January and March of this year.This provides interesting opportunities for traders.The b

Pound rises tentatively against the dollar after Theresa May announces she will quit Downing Street next month

It has prompted traders to sell the currency against the euro and the dollar aggressively - and increased expectations of Britain leaving the EU without a deal.Traders are concerned the next PM will want a tougher Brexit deal from the European Union after Mrs May spent two years trying to push t

GBP/USD technical analysis: Cable recovering after the selloff near the 1.2700 figure

GBP/USD 4-hour chart GBP/USD is trading below its main simple moving averages a suggesting bearish momentum in the near term.A bullish break above 1.2700 can lead to 1.2750 and 1.2800 figure next week.

US Session Forex Brief, May 24 – The USD Turns Bearish, While the GBP Jumps on Theresa May's Resignation

So, no, there’s nothing to buy for forex traders with stock markets being bearish, the major currencies being bearish since their respective central banks have turned bearish, and Oil turning bearish as well.In Conclusion The uncertainty is growing as China prepares for a long term trade war wit

Pound leaps against euro and dollar as Theresa May quits as PM but it's now come crashing down

For more on travel credit cards you can read our guide here.Another way to protect yourself from currency movements if to consider a specialist travel credit card, which allows you to spend money abroad without being hit by any fees or hidden charges.Exchange firms also all use different pri

US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

Price action remains in this area ahead of this morning’s US open, but traders would likely want to move forward with a bit of caution here as a big theme of weekend risk could elicit outsized gaps to start next week’s trade.After an initial bounce of strength on Ms. May’s resignation announceme

May Resigns - What Does it All Mean for GBP/USD?

The reality on the ground is that UK remains in the EU and despite the seemingly looming deadline from EU, that date will likely be extended by the Europeans who have no interest in seeing a chaotic sudden rupture with UK.For now the 1.2500 figure will be the key psychological support for the pa

Theresa May's resignation is not good news for British pound, say analysts

The uncertainty also may make it difficult for the Bank of England to raise rates as had been expected, and a rate reduction may even become a possibility of a disorderly Brexit becomes more likely, Moya said.Her decision puts in further turmoil Britain’s exit plan, raising questions about how q

GBP/USD Outlook: PM May Announced Her Resignation, Opening a Number of Brexit Scenarios

Fresh advance improves possibilities for reversal pattern formation on daily chart that would open way for stronger corrective action and offer better opportunities to re-enter larger bearish market.No-deal Brexit remains as very possible scenario and pound will be hit in this case.

Real Time Economics: Trade Fight Spurs Aid to Farmers, Theresa May to Resign

"While the impact on global growth is relatively modest at this time, the latest escalation could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019," IMF economists Eugenio Cerutti, Gita Gopinath a

Pound set to end record losing streak against euro after May's resignation

Friday looks let to be the 15th consecutive day of losses against the euro, however, with the pound now down less than 0.1% against the common currency of the European Union, to €1.13 (GBPEUR=X).It had risen more significantly against both the euro and dollar earlier Friday morning as it became

Pound set to end record losing streak against euro after May's resignation

Friday looks let to be the 15th consecutive day of losses against the euro, however, with the pound now down less than 0.1% against the common currency of the European Union, to €1.13 (GBPEUR=X).It had risen more significantly against both the euro and dollar earlier Friday morning as it became

GBP/USD Tests 100-Hour Moving Average

However, if the 55–hour moving average holds, it is likely, that the currency pair could surpass the given resistance and target the 200-hour moving average, currently located at 1.2765.On Thursday, the GBP/USD exchange rate rised to the 55-hour moving average, currently located at 1.2662.

GBP Still Overvalued, Financial Markets Stabilise

GBP still overvalued considering coming events European elections results published on Sunday are most likely to cause torments on the marketplace while market holidays in the US and the UK on Monday should have an impact on liquidity.Financial markets stabilise after a bloody Thursday World equ

Pound set for 15th day of losses against euro after May's resignation

Friday looks let to be the 15th consecutive day of losses against the euro, however, with the pound now down less than 0.1% against the common currency of the European Union, to €1.13 (GBPEUR=X).It had risen more significantly against both the euro and dollar earlier Friday morning as it became

Breaking: UK PM Theresa May to step down on June 7th, GBP/USD rises, selling the fact

GBP/USD is trading around 1.2700, extending the recovery it had enjoyed due to USD weakness.

Oil watch; Huawei bargain; Theresa May quits

There's also concern about signs that oil inventories are starting to build up.The Trump administration has been fiercely lobbying allies to keep the Chinese company out of their next-generation 5G networks due to perceived security risks.After starting the day above $61, US oil prices nosed

'I Feel Badly For Theresa, Like Her Very Much': Donald Trump on May's Resignation

AFP US President Donald Trump said Friday he felt sorry for British Prime Minister Theresa May, who has resigned after three years of turmoil surrounding Brexit."I feel badly for Theresa.I like her very much.She is a good woman," Trump told reporters on the White House lawn as he prepa

GBPUSD Rate Susceptible to Dismal UK Retail Sales Report

The central bank may come under pressure to abandon its rate hike bias as ‘quarterly growth is expected to slow to around 0.2% in Q2.’ With that said, a decline of 0.4% or greater may trigger a bearish reaction in GBP/USD, but a positive development may curb the recent decline in the Pound Dollar

EURGBP Chart Analysis: Euro at Resistance In Brexit-Fueled Uptrend

But, this will have to compete with the future of Brexit negotiations.If broken, this would open the door to extending the dominant uptrend, placing the next area of resistance between 0.8923 and 0.8953.If there is a major turnaround to come and the rising channel falls apart, the pair may e

FTSE LIVE: Pound inches up as Theresa May resigns; Retail sales climb; Fever-Tree to give reality check

By This Is Money Published: 07:30 BST, 24 May 2019 | Updated: 10:20 BST, 24 May 2019 All eyes are on the pound today after a week when it racked up its longest losing streak against the euro since that was launched in 1999 - and as Britain finds itself suffering another bout of political tur

Global stocks dive in 'perfect storm' as oil slumps

"For once, investors are not just reacting to tweets and ambient noise from the trade negotiations," Gregori Volokhine, fund manager at Meeshaert Financial Services, said of the weakness in manufacturing.In Asia, Mumbai's Sensex soared more than two percent to break 40,000 for the first time eve

Global stocks, oil prices dive in 'perfect storm'

US stocks had been on a roll coming into May because of the strong US economy, which is thriving on low interest rates, record low unemployment and robust corporate earnings."After posting the third-best year-to-date return through April since World War II, the US equity markets were vulnerable

Global stocks dive in 'perfect storm' as oil slumps amid trade war, Brexit

"For once, investors are not just reacting to tweets and ambient noise from the trade negotiations," Gregori Volokhine, fund manager at Meeshaert Financial Services, said of the weakness in manufacturing.In Asia, Mumbai's Sensex soared more than two percent to break 40,000 for the first time eve

Europe: Cocktail of trade worries, poor data, Brexit hit shares

"With both Brexit uncertainties and US-China trade tensions threatening to inflict more damage on the EU economy, any post-election reprieve... would likely prove short-lived," said Jameel Ahmad, global head of currency strategy and market research at online trading platform FXTM.Its chief execu

European stocks tumble in 'perfect storm' as oil prices slump

London's FTSE 100 shares index was down 1.4 per cent at the close after the government postponed a crucial Brexit vote following an outcry from hardline Brexiteers over concessions made by May - who faces intense speculation over her future.OIL SLIDES Oil prices were sharply down in the late Eur

Turmoil over future of PM May, Brexit bruises British stocks

Mid-cap outsourcing firm Serco jumped 7.4% on its best day in more than five months, after saying it would buy U.S. Navy supplier Alion's Naval Systems Business Unit.[O/R] Shares of TUI fell 4.8% to the bottom of the main bourse after a survey by Barclays showed more Britons would opt for "stayc

FOREX-Dollar at two-year high, safe havens up on stormy global economy

* Dollar hits two-year high against basket of currencies * Poor German manufacturing data adds to global economy woes * Graphic: World FX rates in 2019 (Recasts; adds analyst quote; update prices; changed dateline,previous LONDON) NEW YORK, May 23 (Reuters) - The dollar hit

The pound is on a record losing streak against the euro

Either way, May’s time as prime minster looks to be coming to an end, and a new leader may be more willing to take the UK out of the EU without a withdrawal agreement (that is, with no transitional arrangements).Despite the length of these streaks, the effect of the decline doesn’t compare to th

British pound extends skid as Brexit plan unravels, intensifying calls for May's ouster

The country-specific exchange-traded iShares MSCI India ETF INDA, -0.31%

GBP/USD – British pound under pressure as May shelves withdrawal bill

There have been rumors swirling about May being forced out in the next few days or weeks, and the government has delayed the withdrawal bill, which was scheduled to be voted on in parliament on June 4.It is not investment advice or a solution to buy or sell securities.This week’s election fo