India  
NewsR.in
> > >

Sterling swings wildly, European shares surge on Brexit votes

Video Credit: Reuters Studio - Duration: 01:23s - Published < > Embed
Sterling swings wildly, European shares surge on Brexit votes

Sterling swings wildly, European shares surge on Brexit votes

Sterling remains volatile but European shares hit a five month high in morning trading on Thursday after the British parliament voted to reject a disorderly Brexit.

Edward Baran reports.

0
shares
ShareTweetSavePostSend
 

Sterling swings wildly, European shares surge on Brexit votes

The British parliament has voted to reject leaving the European Union without a deal.

But it's failed to deliver clear guidance on where the UK's relationship with the Europe is headed.

Uncertainty remains about just how Brexit will happen.

As a result, the pound is still volatile.

One analyst says it's trading on thin ice -- and departing the EU without a deal is still a worry for some in business.

(SOUNDBITE) (English) HAMISH MURESS, SENIOR CURRENCY STRATEGIST, OFX, SAYING: "Sterling I think does risk, in that no-deal Brexit scenario, dropping through 130 against the US Dollar which will be a big concern for a lot of UK businesses." European shares hit a five month high in morning trading.

Markets are now looking ahead to the NEXT vote later on Thursday.

That's when British lawmakers are expected to back a possible extension to Brexit negotiations.

And a DELAY to Britain's departure from the EU.

(SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The mood is still relaxed here at the German stock exchange because there is a belief that there will at least be an extension of the deadline.

What the details may be no one knows." Meanwhile, a new survey shows house prices in Britain growing at their weakest pace in eight years.

The Royal Institute of Chartered Surveyors says that, here too, uncertainty over Brexit is the key factor for buyers and sellers.




You Might Like


Recent related videos from verified sources

Countdown to Brexit: 165 days until Britain leaves the EU [Video]Countdown to Brexit: 165 days until Britain leaves the EU

Britain is set to leave the European Union on October 31. Here we take a look at the latest figures behind Brexit.

Credit: PA - Press Association STUDIO     Duration: 00:29Published

Farage tells SNP supporters: Lend me your votes for the European Elections [Video]Farage tells SNP supporters: Lend me your votes for the European Elections

Nigel Farage has made a pitch to SNP voters in Scotland, saying Scottish independence while still in the EU is the "most dishonest political discourse I've ever seen anywhere in the world". Urging..

Credit: PA - Press Association STUDIO     Duration: 01:19Published

Britain's May to Agree Departure After Latest Brexit Deal Bid [Video]Britain's May to Agree Departure After Latest Brexit Deal Bid

According to Reuters, British Prime Minister Theresa May will set out a timetable for her departure in early June after the latest attempt to get her Brexit deal approved by parliament. Three years..

Credit: Wochit News     Duration: 00:35Published

Brexit backlash? UK's Farage eyes EU election and beyond [Video]Brexit backlash? UK's Farage eyes EU election and beyond

Brexit campaigner Nigel Farage is one of the few politicians in Britain enjoying this month's elections to the European parliament. Emily Wither reports.

Credit: Reuters - Politics     Duration: 02:21Published

Nicola Sturgeon: Brexit deal doesn't have any chance of getting through in next vote [Video]Nicola Sturgeon: Brexit deal doesn't have any chance of getting through in next vote

Nicola Sturgeon doesn't think Theresa May has any chance of getting her deal through parliament. Scotland's First Minister made the comments as she met EU nationals working at the University of..

Credit: PA - Press Association STUDIO     Duration: 00:30Published

After Talks With Labour Leader Jeremy Corbyn, PM Theresa May Will Hold New Brexit Vote [Video]After Talks With Labour Leader Jeremy Corbyn, PM Theresa May Will Hold New Brexit Vote

After Talks With Labour Leader Jeremy Corbyn, PM Theresa May Will Hold New Brexit Vote

Credit: Wochit News     Duration: 00:41Published

UK Conservatives face difficult vote amid anger over botched Brexit [Video]UK Conservatives face difficult vote amid anger over botched Brexit

According to a report by Reuters, on Sunday, Britain's education minister said that European elections will be difficult for the nation's governing Conservatives after their party fell to fourth place..

Credit: Rumble     Duration: 00:39Published

UK Conservatives Face Difficult Vote Amid Anger Over Botched Brexit [Video]UK Conservatives Face Difficult Vote Amid Anger Over Botched Brexit

According to a report by Reuters, on Sunday, Britain's education minister said that European elections will be difficult for the nation's governing Conservatives after their party fell to fourth place..

Credit: Wochit     Duration: 00:39Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest