Sterling tumbles as Merkel downbeat on Brexit deal outlook

Sterling tumbles as Merkel downbeat on Brexit deal outlook

The British pound tumbled on Tuesday (Oct 8) after German Chancellor Angela Merkel reportedly warned that a Brexit deal was "overwhelmingly unlikely", further stoking fears of a disorderly and costly departure from the EU.
Pound tops US$1.23 as no-deal Brexit prospect fades

Pound tops US$1.23 as no-deal Brexit prospect fades

The British pound topped US$1.23 on Thursday (Sep 5), hitting a one-month peak as the prospect of a "no deal" Brexit seemed to fade after a series of parliamentary votes tore up Prime Minister Boris Johnson's hardline stance.
European stocks succumb to Wall Street downturn

European stocks succumb to Wall Street downturn

European stock markets gave up early gains on Monday (Apr 8) to close mostly lower, dragged down by US markets worried about trade talks and the upcoming earnings season, analysts said.