Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Stocks, pound rally as tweaked Brexit deal soothes investor worries

Video Credit: Reuters Studio - Duration: 01:26s - Published < > Embed
Stocks, pound rally as tweaked Brexit deal soothes investor worries

Stocks, pound rally as tweaked Brexit deal soothes investor worries

Last-minute tweaks to Britain's deal to leave the EU triggered gains across global stocks and propelled sterling higher on Tuesday, soothing investor worries about a possible no-deal exit that has unnerved financial markets in recent months.

David Pollard reports.

0
shares
ShareTweetSavePostSend
 

Stocks, pound rally as tweaked Brexit deal soothes investor worries

Anxious times for Britain ahead of a crunch Brexit vote on Tuesday.

This was late Monday: Theresa May in Strasbourg - obtaining some last-minute concessions on the UK-EU divorce agreement.

Enough at least to keep some ministers on side.

(SOUNDBITE) (English) BRITAIN'S FOREIGN MINISTER, JEREMY HUNT, SAYING: "These are legally significant changes.

I hope parliament will see that the Prime Minister has listened to parliament's concerns about the backstop." (SOUNDBITE) (English) BRITAIN'S SECRETARY OF STATE FOR INTERNATIONAL DEVELOPMENT, PENNY MORDAUNT, SAYING: "My message to colleagues today is to support this deal.

It's the only way we can really guarantee to deliver Brexit." The last-minute tweaks to the deal drove sterling up more than one and half per cent from Monday's lows.

Gains in Asian equities extended to Europe, where the pan-European STOXX 600 moved into the black.

(SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING: "The Frankfurt stock exchange is a bit more optimistic because the British parliament might approve a Brexit deal after all." Though - as the clock ticked down to a vote due at around 1900gmt - it was unclear whether May would get sufficient support to get the deal through.

And even if she does, lawmakers may still decide a Brexit delay beyond March 29th is necessary.

In the meantime, new data shows the economy picked up in January.

UK services more than reversed their December fall and there was a turnaround in manufacturing.

If, possibly, only temporary .... Bank of England projections see Britain as on course for its weakest growth in 10 years in 2019.



Recent related news from verified sources

Global Markets: Stocks, pound rally as tweaked Brexit deal soothes investor worries

Last-minute tweaks to Britain's deal to leave the European Union triggered gains across global stocks...
Reuters India - Published


You Might Like


Tweets about this


Recent related videos from verified sources

Global Stocks On Epic Hot Streak [Video]Global Stocks On Epic Hot Streak

TOKYO (Reuters) - Asian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy meeting, but were broadly supported near 6-1/2-month highs on expectations the U.S. central bank might..

Credit: Rumble     Duration: 00:50Published

Global Stocks Approach Amazing Streak [Video]Global Stocks Approach Amazing Streak

TOKYO - Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were broadly supported near six-month highs on expectations the central bank might strike a dovish..

Credit: Rumble     Duration: 00:52Published

European Shares Move Higher In Anticipation Of A No-deal Brexit Vote [Video]European Shares Move Higher In Anticipation Of A No-deal Brexit Vote

According to Reuters, European shares ticked up on Wednesday, shrugging off mounting concerns over world growth amid optimism that British lawmakers were set to rule out a no-deal Brexit - hopes that..

Credit: Rumble     Duration: 00:51Published

Brexit bribe? UK PM May unveils $2.1 billion fund for Brexit-backing towns [Video]Brexit bribe? UK PM May unveils $2.1 billion fund for Brexit-backing towns

British Prime Minister Theresa May will on Monday set out plans for a 1.6 billion pound ($2.11 billion) fund to help to boost economic growth in Brexit-supporting communities with ministers denying it..

Credit: Rumble     Duration: 01:06Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.