Explore stories from Atlantic Canada.
Stan Rogers Folk Festival 2024: 27 years of music and community | SaltWire #festival #music #nsLONDON - The optics of sterling hitting its highest since 2016's Brexit referendum after a surprise UK election announcement is hard to ignore - and may suggest hope at margin for a healing of Brexit-related economic damage.
Whether a likely change of government shifts the dial significantly on the issue is still far from clear, but relations between Britain and the European Union could hardly get much worse than they've been for the past eight years. But mounting pound strength into a change of government - which includes its rise against the euro to levels not seen since before the government budget farce of late 2022 - looks more than just a cyclical twist or turn.
But the return to 2016 levels is a notable milestone. And what's more, long-unloved, under-owned and heavily-discounted British stocks have finally joined peers at record highs this month despite the pound's rise.Although Labour has been keen to avoid what it sees as a divisive Brexit issue on the hustings and ruled out any plans to return to the EU's single market or customs union, it has pledged to renegotiate the post-Brexit agreement with the Brussels trading bloc.
For markets monitoring the situation, publication of election manifestos in the coming weeks now marks the next juncture, even if hopes for anything concrete on Brexit in these is low and with polling indicating the issue is low on the list of voter priorities right now.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sherdog’s Pound-for-Pound Top 10 RankingsAlexandre Pantoja continues to find a way in five-round fights.
Read more »
Sherdog’s Pound-for-Pound Top 10 RankingsAlexandre Pantoja continues to find a way in five-round fights.
Read more »
Pole vaulter Thiago Braz, who won 2016 Olympic gold and 2021 bronze, banned for dopingLast July, Brazilian pole vaulter Thiago Braz tested positive at Stockholm Diamond League for a banned substance used to enhance muscle growth and performance.
Read more »
Elliott wins first NASCAR Xfinity Series race since 2016Chase Elliott held off Brandon Jones on Saturday at Charlotte Motor Speedway to win the NASCAR Xfinity Series race.
Read more »
Cassie breaks her silence on 2016 assault videoCassie Ventura has shared a statement expressing her gratitude for the support she has received since CNN’s publication of a 2016 surveillance video that showed her being physically assaulted by her then-boyfriend, Sean “Diddy” Combs.
Read more »
China’s Capital Outflow Surges to Highest Since 2016 in AprilChina’s capital outflows worsened in April, underscoring headwinds for the yuan amid a weak domestic economy and uncertainties over the Federal Reserve’s rate trajectory.
Read more »