Stephen Gallo

5 results

A Bloomberg terminal shows   the rise and fall in the value of the pound sterling against the US dollar over the last three days

Sterling pulled back from a five-month high after the DUP said it will vote against the deal secured in Brussels Thursday. UK stocks also gave back ga(...)

Charting a positive way forward for sterling  is difficult, with the fresh dislocation of a general election likely in the coming weeks or months

Sterling slid again on Friday in the face of continued political deadlock and increasing evidence that the uncertainty is wreaking damage on the Briti(...)

“Each new development in the Brexit process contains multiple new permutations of upside and downside sterling risks that are purely impossible to trade at this point.” Photograph: Getty Images

The latest UK political drama has shaken up sterling yet again, but the currency is still trapped in its narrow holding pattern, with some describing (...)

The British currency extended losses and fell 0.7 per cent to $1.2984, its lowest since early September 2017

Sterling extended losses and fell more than half a percent on the day below the $1.30 line as weak June retail sales data raised concerns a central b(...)

The pound has dropped about 10 per cent  against the euro and 18 per cent against the US dollar since the June 23rd Brexit vote.

Sterling dropped to a two-month low against the euro as UK prime minister Theresa May signalled that Britain is heading for a so-called “hard Brexit”,(...)