The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Mostly sunny. Mild.
The pound is back in the doldrums after reports that Boris Johnson will effectively threaten to walk away from negotiations with the EU without a formal trade deal.
The pound fell over 1% against both the dollar and the euro. "This sets up another cliff-edge and could create yet more months of uncertainty," said one analyst.
Currency strategists are ruling nothing out for Saturday’s crucial parliamentary vote on Britain’s deal to exit the European Union.
The pound has faltered as dealers mulled Britain's parliamentary suspension and the outlook for a Brexit deal.
The pound was set for its biggest weekly gain in nearly 2 months as a plan by opposition lawmakers to thwart a no-deal Brexit gained traction. Plans for a post-Brexit deal with the US, though, are moving along 'rapidly', according Donald Trump.
Signs that arch-Brexiteer Boris Johnson may be a step closer to becoming Britain's next prime minister sent the pound tumbling to a five-month low versus the euro on Tuesday.
Sterling plunged as much 1.5% against the dollar as UK Prime Minister Theresa May gambled on getting her plan over the line with just over a week to go before the exit.
As the UK’s Parliament finds itself deadlocked over Brexit, its currency may finally be starting to wriggle free.
Optimism that the UK will avoid crashing out of the European Union is propping up the pound.
London's stock market climbed Monday, aided by a falling pound, with traders awaiting the UK government's Brexit 'Plan B'l.
"If trade negotiations fail and the UK ends up with a delayed hard exit we would look for GBP USD to drop 5% to 7% taking us back towards $1.24," said one analyst.
The pound surged as much as 2.1% against the dollar to about $1.34 after exit polls showed that the Conservatives secured a majority.
The British pound has hit a seven-week high against the dollar Friday on easing fears of a no-deal Brexit.
The British pound has tumbled to the lowest level against the dollar in almost three years, as the UK faces a possible general election amid Brexit turmoil.
One of the pound’s most accurate forecasters is also one of the most bullish on the currency, predicting a rebound on expectations that Britain will miss the latest deadline for leaving the European Union.
The pound may slide to a two-year low if a hardline euroskeptic takes over as the UK Prime Minister, according to a Bloomberg survey of analysts.
The pound fell on Monday as more Brexit uncertainty surfaced.
It seems a consensus is finally emerging on Brexit - no, not about the vote, but the fate of the beleaguered pound.
The pound surged as the British government said it had secured changes to its divorce deal from the European Union and planned to hold a vote in the UK parliament.
Prime Minister Theresa May's deal was rejected by a margin of more than 200 votes, the biggest defeat in parliamentary history.
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