The pound sterling fell to 27-month lows against the greenback on July 16, after Boris Johnson and Jeremy Hunt, frontrunners to succeed outgoing UK Prime Minister Theresa May, hardened their Brexit pitches over the Irish backstop.
The pound sterling rebounded from its April 2017 low after the Brexit deal of Prime Minister Theresa May’s Conservative Party was defeated by a record margin of 230 votes in the House of Commons on January 3 of this year.
Over the last few months, market experts have been sounding the death knell for the United States’ dominance in world trade and the effectiveness of the dollar as the reserve currency, which has historically enjoyed strong investor confidence.
Consumer prices in the United Kingdom jumped 0.7 percent in August, after remaining flat for the previous two months, according to the UK’s Office for National Statistics (ONS).
This year will decide Britain’s future in the eurozone. To understand how the eurozone-UK Brexit negotiations will impact nations and businesses, the outcome of the talks, which are already in an advanced stage
The year 2018 signals the commencement of the actual Brexit negotiations, which involve discussions on future relations, including trade between the United Kingdom (UK) and the rest of the countries in the eurozone.