Brexit

Hong Kong Exchanges and Clearing abandoned its $37-billion bid for the London Stock Exchange on Tuesday. The announcement prompted a 4.7% drop in the London exchange’s stock. What Happened The Hong Kong exchange began its effort in September to integrate and streamline transactions...

GBP/USD has kicked off the week with falls as Brexit uncertainty looms. Concerns about US-Sino trade tensions also weighs on sentiment. Monday's four-hour chart is pointing to further losses. "It would always be the UK’s choice, not ours," – said Chief EU Negotiator...

From Trump's impeachment saga to Brexit's deadline, October will by no means lack excitement. The earnings season has started with weak results. Furthermore, the market got additional tsunamis throughout September such as the US-China trade wars, but it showed surprising resilience as it...

Stocks sagged Tuesday on disappointing manufacturing data as economists began to worry the United States may be joining Europe and Asia in an industrial slowdown that new figures showed is continuing. The Institute for Supply Management said Tuesday that its U.S. Purchasing Managers Index...

A no-deal or disruptive U.K. exit from the European Union (EU) will have catastrophic implications for Europe's trucking companies, according to Boris Blanche, managing director of the International Road Transport Union (IRU). Blanche, who previously highlighted how driver shortages in Europe are...

To start the week, a key manufacturing index fell to its lowest level since 2009. Precious metals, including gold, silver and particularly palladium, took it on the chin. Crude oil fell 3% to below where it was before the attack on Saudi oil fields. Despite all that, the stock market rallied Monday...

GBP/USD has extended its falls on the backdrop of chaotic scenes in parliament.  Political developments are set to continue dominating trading today. Thursday's four-hour chart is pointing to oversold conditions. Parliament has returned – and with a vengeance. Prime minister Boris...

European shippers are woefully unprepared for the supply chain chaos anticipated if the U.K. exits the European Union (EU) at the end of next month, according to Godfried Smit, Secretary-General of the European Shippers' Council (ESC), a leading representative of the logistics interests of...

UK PM Boris Johnson is back in London and faces calls for resignation. The next steps in Brexit will determine the pound's trading. Wednesday's four-hour chart is showing that GBP/USD is nearing critical uptrend support. "This court has already concluded that the prime minister...

The Supreme Court of the U.K. has declared that Prime Minister Boris Johnson's suspension of Parliament is unlawful. The Tuesday ruling is a huge blow to Johnson, as the Supreme Court has now cleared the way for Parliament to reconvene immediately and resume debating his Brexit plans. The...

British tour operator Thomas Cook said Monday it has "no choice but to take steps to enter into compulsory liquidation with immediate effect."  What Happened Thomas Cook, with a history that traces back nearly two centuries, is known for packaging hotel and other travel...

Major European automotive trade groups along with 17 national auto associations including the European Automobile Manufacturers' Association and the European Association of Automotive Suppliers have released a joint statement on the concerns of a no-deal Brexit that they believe would cause ‘...

The pound sterling hit a two month high of $1.25 against the dollar Friday following comments from European Commission President Jean-Claude Juncker that he is positive the U.K. could reach a Brexit deal with the EU.  The deadline for the U.K. to Brexit and officially leave the EU is Oct...

The Bank of England policymakers have voted 9-0 to hold bank rate at 0.75% as Brexit uncertainty continues. “Absent currency or balance of payments crisis, we just don’t see the Bank of England even considering raising rates anytime soon,”said Artur Baluszynski, head of research...

Credit rating agency Fitch Ratings published a report Sept. 9 noting that trade policy disruptions, including recent sharp escalation in the U.S.-China trade war and significant risks of a no-deal Brexit, are darkening the global economic outlook. In an update of the company's global economic...