Sterling will be nearly 4% stronger in a year than it is now, according to a Reu...
LONDON - Sterling will be nearly 4% stronger in a year than it is now, according to a Reuters poll of market strategists, based on expectations that Britain will secure a trade deal with the European Union this year despite its tough initial stance.
Britain left the EU on Friday and Johnson’s comments on Monday have rekindled fears of a cliff-edge - whereby no trade deal is agreed - at the end of an 11-month transition period which Johnson has repeatedly said he won’t ask to extend. That is still well below the $1.50 it was trading at before the June 2016 referendum, when Britons voted by 52% to 48% to leave the world’s largest trading bloc.
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.
Johnson: UK will not follow EU rules in Brexit trade deal - Business InsiderThe prime minister will on Monday warn the EU that there is 'no need' for Britain to follow its rules in any future trade deal.
Read more »
E.U. and U.K. set out conflicting red lines for Brexit trade dealThe EU has warned the UK that it can have access to its market of 450 million consumers as part of a wide-ranging trade deal but only if it abides by EU standards.
Read more »
Brexit trade deal clash: UK and EU begin sparring over rulesThe EU and Britain clashed over a post-Brexit trade deal with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did
Read more »
Brexit trade deal clash: UK and EU spar over rules'We must now agree on specific and effective guaranties to ensure a level-playing field over the long term,' EU's Michel Barnier said about a post-Brexit trade deal with Britain
Read more »
The UK seems determined to alienate the EU before trade talks even beginThe tears of joy and sadness seen on Brexit Day had barely dried when the U.K. and EU were at each other's throats again ahead of trade talks set to last until the end of the year.
Read more »
UK fintech firm Azimo secures backing from the EU as it anticipates 'messy' Brexit talksThe loan from the European Investment Bank will help Azimo build out its payments platform and expand its presence in Poland.
Read more »