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In her ‘Inside the City’ column for the Sunday Times, Sabah Meddings ws looking at pharmaceuticals firm Consort, and how the ongoing government shutdown in the US was affecting its portfolio.
Theresa May’s government is facing meltdown today as The Sunday Times reveals how a senior House of Commons official helped rebel MPs who are plotting to derail Brexit. Leaked emails obtained by the Sunday Times show that Dominic Grieve, the former attorney-general, has been in secret communications with Colin Lee, the clerk of bills, with the explicit intention of suspending Britain’s departure from the European Union. - The Sunday Times
Sterling gave back a portion of its weekly gains as traders played it safe ahead of another potentially critical week in Britain's withdrawal process.
These were the movements in some of the most closely-followed 10-year sovereign bond yields:
All eyes will shift back towards Westminster this coming week, with the Prime Minister set to present her 'Plan B' for Britain's withdrawal from the European Union on Monday, even as she comes under pressure from many sides to cede on some of her 'red lines'.
US stocks went into the long holiday weekend higher, amid hopes of improving relations between the US and China, even as the latest batch of economic data showed that US consumer sentiment was quickly souring.
Stocks on the Continent continued to reclaim their losses from last month on the back of a quick succession of more positive-sounding news on the global trade front.
Prime Minister Theresa May was preparing to spend her weekend drumming up support domestically and internationally as she looked for a way to break the Brexit impasse.