Pound coins in front of a displayed dollar banknote. Picture: REUTERS/DADO RUVICThe pound retreated on Friday after London requested another extension in the long-running Brexit saga, while global stocks rose modestly on US-China trade talk hopes and solid US jobs data.
“As far as most currency traders are concerned the chances of a no-deal remain remote — but at the same time a satisfactory outcome anytime soon also seems highly unlikely,” said XTB analyst David Cheetham. Asian equity indices mostly rose in holiday-thinned trade on hopes that China and the US will hammer out a trade deal after both sides sounded notes of optimism.
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Pound softens as London seeks new Brexit delay - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The British pound crumbled Friday after London requested another extension in the long-running Brexit saga...
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Labour's Corbyn says Theresa May has not moved enough on Brexit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Opposition Labour leader Jeremy Corbyn said on Wednesday that Prime Minister Theresa May had not moved far enough in a first round of crisis talks aimed at breaking the domestic deadlock over Britain's exit from the European Union.
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BUSINESS MAVERICK ANALYSIS: The four Brexit scenarios for South African exportsMany South Africans consider Brexit to be exclusively a European issue. In fact, the consequences for SA, and other large trading partners of the UK, could be huge. Nice
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