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Pound falls further over Brexit fears

Posted by Warren Fyfe on June 27, 2016 in Warren Fyfe Site

Image copyright Getty Images The pound has fallen sharply in trading in Asia on Monday, adding to Friday’s record one-day decline. Sterling was trading at $1.3365, down almost 3% from Friday’s close. Against the euro it was trading at €1.2147, down 1.4%. On Friday the pound had its biggest one-day fall against the dollar, at [...]

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Osborne statement seeks to calm fears

Posted by Warren Fyfe on June 27, 2016 in Warren Fyfe Site

Image copyright Getty Images George Osborne will issue a statement early on Monday morning in a bid to calm markets after the surprise Brexit vote triggered turmoil on Friday. The Chancellor has not spoken publicly since the Leave campaign won Thursday’s referendum. His aim will be to provide reassurance about the UK’s economic and financial [...]

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EU referendum: Jeremy Corbyn vows to fight for leadership and reshape cabinet

Posted by Warren Fyfe on June 27, 2016 in Warren Fyfe Site

Media captionWatch how the news has broken across the day Labour leader Jeremy Corbyn has said he will stand in any new leadership election following the resignations of a string of shadow cabinet colleagues. Shadow Commons leader Chris Bryant was the latest person to resign in protest at Mr Corbyn’s leadership over the EU referendum [...]

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