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Pound up but still faces pressure after Brexit delay deal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Pound up but still faces pressure after Brexit delay deal via SABCNewsOnline

At a summit in Brussels, Prime Minister Theresa May was given until April 12 to push her divorce agreement through a fractious parliament next week.

The announcement puts pressure on May to get her deal through Westminster, with French President Emmanuel Macron warning: “In the case of a negative British vote then we’d be heading to a no-deal.” Equities ended the week on a positive note but dealers trod warily as they weighed an indication from the Federal Reserve that borrowing costs will not rise this year with concerns about the slowing economy and stuttering China-US trade talks.

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Pound rises on Brexit delay; economic gloom hits European stocks - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Sterling rose further Friday after Brussels gave Britain a Brexit deadline extension, but stocks dived as fresh economic gloom gripped trading floors.
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