GBP

The Bank of England on Thursday kept its monetary policy unchanged, but vowed to monitor rising inflation as the U.K. economy emerges from its Covid-induced slump.

European stocks retreated on Friday, as global markets monitor falling commodity prices while continuing to digest a hawkish pivot from the Federal Reserve.

Tensions and old enmities between the four nations of the U.K. could be exposed in several key votes Thursday.

U.K.-based exporters are facing extra bureaucracy and costs in 2021 as they experience the new post-Brexit trading arrangements.

Britain and the EU finally agreed on new Brexit trading arrangements, narrowly avoiding a potentially disastrous no-deal scenario.

The British pound traded near 2-½ year highs on Thursday as investors reacted to the U.K. and the European Union striking a long-awaited Brexit trade deal.

The Irish foreign minister said a post-Brexit trade agreement is expected Thursday, after a “last-minute hitch” on fishing rights delayed an announcement.

The U.K. and the European Union are running out of time to agree terms on a post-Brexit trading arrangement, EU Chief Negotiator Michel Barnier has warned.

Sterling climbed 0.4% against the dollar following the remarks, breaking above the $1.35 barrier.

Sterling is getting a further boost after British and EU leaders agreed to extend Brexit trade talks beyond Sunday’s deadline, temporarily staving off the threat of a no-deal scenario.

Trade negotiations continue after the UK said that chances of a breakthrough are receding.

U.K. Prime Minister Boris Johnson is self-isolating at a delicate time for his leadership.

Barber Foods of Portland is recalling 1.7 million pounds of frozen chicken products over concerns that they may be contaminated with salmonella.

A boat carrying about 3,000 pounds of marijuana worth an estimated $7.6 million was intercepted in the Caribbean Sea by officers with U.S. Customs and Border Protection in Miami.

The U.S. Coast Guard in Northern California seized 12,000 pounds – or six tons – of cocaine valued at $181 million from a semi-submersible vessel in the Pacific Ocean 200 miles south of Mexico, the largest bust of its kind in Coast Guard history.

The fight to keep the dangerous synthetic drug flakka off South Florida streets saw a real victory on Thursday as well as a symbolic one.

U.S. Customs and Border Protection officers seized more than 2 pounds of cocaine that was hidden inside fried fish at Miami International Airport.

The U.S. Coast Guard offloaded 328 kilograms of cocaine and 3,100 pounds of marijuana at Coast Guard Base Miami Beach Friday morning, worth a combined estimated wholesale value of $13.7 million.

A two-and-a-half hour police chase ended in a crash with Fort Worth SWAT in Arlington Wednesday.