British pound surges after Brexit Party leader Nigel Farage says he won’t challenge Conservative seats
The British pound shot higher on Monday, after Brexit Party leader Nigel Farage said his party won’t contest seats captured by the ruling Conservative Party in the last election.
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UPDATE 1-Hong Kong gloom spreads to Europe, miners lead decline
European shares edged lower for a second session on Monday as an escalation in Hong Kong protests, an inconclusive Spanish election and Moody's warning on Britain's sovereign debt made for a gloomy start to the week. The pan-European STOXX 600 index f...
U.K. GDP edges up 0.3% in third quarter, for slowest year-over-year growth in nine years
U.K. GDP grew 0.3% in the third quarter, the Office for National Statistics said Monday. The year-over-year growth of 1% was the slowest since the first quarter of 2010. Economists polled by FactSet expected 0.4% quarterly growth. The British pound tr...
UK Avoids Recession in Q3, But Brexit Deadlock Likely to Hold Back 2020 Growth
The U.K. economy narrowly avoided slipping into recession last quarter, according to data published Monday, but weak growth is likely to continue as the country continues to grapple with its Brexit challenges and a deadlocked electorate.
NewsBreak: GBP Jumps as Farage Says He Won't Fight Tories
Investing.com -- The British pound surged on Monday as Brexit Party head Nigel Farage said his party won't contest any seats currently held by the Conservative Party at the general election on Dec. 12. The move increases the chances of the Conservative Party gaining a majority at the polls, and consequently implementing the EU withdrawal agreement secured last month by Prime Minister Boris Johnson.
Top 5 Things to Know in the Market on Monday
Investing.com -- Hong Kong's police used live ammunition against protesters as disruptions to the Chinese trade hub worsen. Meanwhile, U.S. officials continue to play down hopes of a mutual tariff roll-back, Saudi Aramco publishes a 600-page IPO prospectus with no mention of price or volume, and Brexit slows the U.K. economy to a crawl. Here's what you need to know in financial markets on Monday, 11th November.
StockBeat: Trade Fears, HK Violence Hit HSBC, StanChart, Luxury Names
Investing.com -- The escalation of violence in Hong Kong over the weekend has cast a pall over European stock markets on Monday, reinforcing a “risk-off” move that was already underway thanks to comments from the U.S. playing down the chances of a mutu...