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Banks drive European markets higher as investors monitor Brexit developments

European stocks traded modestly higher on Monday, with banks in the lead as investors braced for another week of Brexit headlines, while SAP AG gained on results. 7:50 a.m. Today

Pound, FTSE 100 steady after Brexit-vote delay

U.K. stocks moved modestly higher on Monday, while the pound pulls back as Prime Minister Boris Johnson fights to get his Brexit deal passed ahead of an Oct. 31 deadline. 5:07 a.m. Today

Pound pares losses after BOE's deputy governor sees rate hikes possible

The British pound was lower Friday, but losses were contained after interest-rate supportive comments from Bank of England Deputy Governor Dave Ramsden. In an interview with Bloomberg that published Friday, Ramsden said if Prime Minister Boris Johnson's Brexit deal is approved by Parliament on Saturday, the central bank's guidance that says a clean exit from the EU means "limited and gradual" interest-rate hikes would apply. The pound surged Thursday on news that the EU and U.K. had agreed on a framework for a Brexit deal, but came off those gains. The pound last traded at $1.2866, off 0.2% against the dollar from a late-Thursday level of $1.2890 in North America. 3:15 a.m. Oct. 18, 2019

Europe-MiddleEast Headlines

London Stock Exchange revenue up 12%, CFO David Warren to retire

LSE Group said its third-quarter gross profit also rose, climbing 14%.Adriano Marchese

3:15 a.m. Oct. 18, 2019
 - AFP/Getty Images
Pound slides after DUP says it won’t agree to current Brexit deal

The pound is down again as a Brexit deal looks like it is on the rocks once again.

3:16 a.m. Oct. 17, 2019
 - Reuters
Pound volatile as Brexit deal hangs in the balance

U.K. stocks are weak, while the pound is volatile with all eyes on Brexit negotiations.

8:57 a.m. Oct. 16, 2019
British pound volatile after report says major Brexit-deal obstacle removed

The British pound was sent on a rollercoaster ride Wednesday, spiking briefly against the U.S. dollar on a report that a big obstacle to a Brexit deal has been removed. The pound briefly jumped to a session high of $1.2839, which would make for its best level since June, after RTE reported that Northern Ireland's Democratic Unionist Party was accepting the so-called consent element of the revised Brexit agreement, seen as the last big obstacle to a deal. The U.K. has said it's open to some flexibility on the mechanism that would allow Northern Ireland politicians to decide whether it remains in regulatory alignment with the European Union as set out in Britain's latest Brexit deal proposals. The pound has since fallen back after the DUP's leader Arlene Foster reportedly denied the report and said talks will continue. Markets have been on a knife-edge in the runup to a two-day European Union meeting that starts Thursday, seen as a deadline for a deal to get done. The pound has since drifted back to $1.2783.

8:43 a.m. Oct. 16, 2019
 - Getty Images
European stocks slip on pessimism over Brexit deal and U.S.-China tensions

European stocks pull back, pressured by Brexit deal worries and renewed tensions between China and the U.S.

6:34 a.m. Oct. 16, 2019
Pound slides after report EU refers to Brexit deal impossible without U.K. concession

The British pound came under pressure on Wednesday as concerns grew that EU and U.K. negotiators huddled in Brussels were at an impasse over an exit deal. The pound slid below $1.27 after Bloomberg reported an EU official said a Brexit agreement was impossible without more concessions from the U.K. The development comes after Democratic Unionist Party raised objections to Johnson's proposals. Negotiators working through the night were unable to reach a compromise, meaning talks could run into Thursday's European Union summit.

5:52 a.m. Oct. 16, 2019
 - Getty Images
Pressure is on for Brexit negotiators as all-night talks fail to yield a breakthrough

An EU official, who asked not to be identified because the negotiations were still ongoing, said “discussions continued until late in the night and will continue today.”

3:59 a.m. Oct. 16, 2019
Pound surges on report of possible draft Brexit deal

The British pound jumped Tuesday, shaking off losses seen at the start of the week, after upbeat comments over a possible Brexit deal from the European Union’s negotiator.

11:43 a.m. Oct. 15, 2019

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