GBP / USD witnessed strong selling on Tuesday amid a strong rebound in USD demand. Rising US bond yields helped the USD rebound further from post-NFP lows. Technical selling below 1.3800 compounded bearish pressure around the pair. Intraday selling around the pound accelerated during the mid-European session and dragged the pair down GBP/USD at three-day […]
Tag: Brexit
UK fintech Azimo secures EU loan; anticipates ‘messy’ Brexit talks
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help […]
Brexit is happening: What happens next
The U.K. will leave the EU on Friday evening after 47 years of membership, marking one of the biggest political and economic shifts in modern Europe. Brexit brings about the end of a tumultuous three-and-a-half year departure process that has caused turmoil in the U.K.’s political establishment, economic uncertainty and heightened tensions between the U.K. […]
