'Enchanted', 'Grease' and 'La La Land' are among the musicals that can be found on streaming platforms in the UAE
'Enchanted', 'Grease' and 'La La Land' are among the musicals that can be found on streaming platforms in the UAE
'Enchanted', 'Grease' and 'La La Land' are among the musicals that can be found on streaming platforms in the UAE
'Enchanted', 'Grease' and 'La La Land' are among the musicals that can be found on streaming platforms in the UAE

Go 'La La' for 'Les Mis': 12 musicals you can stream online in the UAE


Emma Day
  • English
  • Arabic

It was frequently sold out on Broadway, but now Hamilton fans have the chance to see Lin-Manuel Miranda's hit musical at home, after the production hit Disney+ and OSN this week.

The Tony Award-winning musical, which tells the story of US founding father Alexander Hamilton, fuses classic show tunes with a hip-hop sensibility, with critics branding it the most modern iteration of its genre to date.

However, it's not the only musical you can currently stream in the UAE.

From biopics to Disney classics and cinematic adaptations with some stellar soundtracks, the below will have you singing in the shower for weeks to come.

1. 'La La Land' (2016), Netflix

It didn't quite nab Best Picture at the 2017 Oscars, though it was announced the winner in an infamous faux pas, but this Damien Chazelle-directed romance still wins the title of the 21st century's best-executed musical. Borrowing heavily from the common motifs of the genre's golden age, but keeping the plot in a thoroughly modern world, La La Land is both fizzing with energy and quietly nuanced at times.

Emma Stone and Ryan Gosling respectively play an aspiring actress and a jazz musician, who meet each other as they're down on their luck, and find their burgeoning relationship tested as they taste success.

There's dancing, there's jazz, there's singing in the street, but it also still feels, at its heart, like a romantic drama rather than an OTT spectacle.

2. 'Rocketman' (2019), OSN

This critically acclaimed music biopic charts the life of British singer-songwriter Elton John, from his humble beginnings as Reginald Dwight through to stratospheric chart success, as well as the highs and lows of the artist's well-documented battle with addiction.

As is typical in most biopics based on a performer, John's music is ever-present, but in Rocketman, it's given the full Hollywood treatment, turning some of the Tiny Dancer star's best-loved songs into mini music videos.

As well as the energising soundtrack, high-octane costumes and innovative cinematography, this is worth seeing for Taron Egerton's note-perfect portrayal of Oscar and Grammy-winner John.

3. 'Enchanted' (2007), Starzplay

Fed up with the tropes of the typical fairy tale? This live-action musical turns a lot of them on their head to highlight just how silly they are. After all, what kind of woman agrees to marry a prince after first meeting them that very same day?

That's the scenario that Amy Adams's Giselle finds herself in, before being cast out of the fantasy land of Andalusia by her wicked stepmother (Susan Sarandon) and into ... modern-day New York City. As she tries to find her way back to happily ever after, this self-deprecating parody shines a light on Disney archetypes, with a smattering of knowing lines to keep adults chuckling.

It's also got a seriously catchy soundtrack – it'll take days for you to get That's How You Know out of your head.

4. 'Funny Girl' (1968), Netflix

There is a dearth of classic musicals on UAE streaming platforms at the moment, but this Barbra Streisand-starring romance helps fill the gap.

In her Academy Award-winning debut, Streisand plays Fanny Brice, a real-life Broadway star and comedienne. Funny Girl charts Brice's romance with Nicky (Omar Sharif), a businessman who woos the young ingenue but later ends up in jail after being convicted of embezzlement.

Streisand is utterly charming as the witty Ziegfeld heroine, after first playing the role in the Broadway version. Her rendition of Don't Rain on my Parade, still a favourite for musical's finest talents to cover, remains fresh more than 40 years on.

5. 'Frozen' (2013), OSN

Parents may have long been sick of Let It Go, but if you haven't seen this modern Disney classic yet, it's more than worth a watch.

In a tale that's captured the imaginations of children around the world, Princess Elsa, heir to the kingdom of Arendelle, flees her hometown after losing control of her icy magical powers and leaving her citizens living in a permanent winter.

Her fearless sister, Anna, embarks on an adventure to bring Elsa home, meeting several loveable characters along the way. The sweet tale, which is based on Hans Christian Andersen's fairy tale The Snow Queen, is accompanied by a soundtrack that has more hits than just the Idina Menzel belter.

6. 'Sister Act 2: Back in the Habit' (1993), OSN

You don't necessarily need to have seen the original Sister Act to enjoy this follow-up musical comedy. Whoopi Goldberg reprises her role as club singer Delores van Cartier, who was forced to moonlight as nun Mary Clarence in the first film in order to hide from the mob.

In the sequel, van Cartier returns to help the convent after its school faces closure due to its bad reputation. Taking up the post of music teacher, Delores is charged with bringing a rowdy bunch of teens – including a young Lauryn Hill – to heel, a job she undertakes by turning them into a choir.

Fusing gospel and hip-hop, the soulful soundtrack shines thanks to Hill's stirring vocals, while the film itself also provides a visual ode to 1990s fashion.

7. 'Les Miserables' (2012), Amazon Prime

While some musical aficionados believe this Hollywood remake of Alain Boublil and Claude-Michel Schonberg's masterpiece has nothing on the stage version, there's no denying it did help introduce a lot more people to the tale of Jean Valjean.

This ensemble piece, set in 19th-century France, follows the paroled convict turned mayor, on the run from the vengeful policeman Javert. Weaving in the stories of the wretched Fantine, lovesick Eponine, torn Marius and plotting Monsieur Thenardier, among others, Tom Hopper's cinematic adaptation is more of a drama set to music, rather than pure musical, with close-ups allowing actors, including Eddie Redmayne, Hugh Jackman and Anne Hathaway, to really emote the soundtrack's poignant lyrics.

The performances might not be on the same level as the Broadway and West End versions – we're mostly talking to you, Russell Crowe – but it's still a worthy remake of a gripping tale.

8. 'The Little Mermaid' (1989), Starzplay

Starzplay has most of Disney's canon available for streaming, but this is surely one of the studio's best-loved musical offerings.

The story, which follows Ariel, a mermaid who trades her voice for human legs so she can romance Prince Eric, is chock-full of earworms, including Part of Your World, Under the Sea and Poor Unfortunate Souls.

It's since been turned into a stage musical, cementing just how celebrated the score is by fans.

9. 'Beauty and the Beast' (1991), Starzplay

Speaking of Disney's finest, this one is also up there, thanks to tunes such as Tale as Old as Time, Be Our Guest and Gaston.

The animated favourite follows the plight of Belle, a young French woman who becomes imprisoned by a cursed prince who takes the form of a frightening creature. Cue a household inhabited by all-singing, all-dancing furniture and accessories, and a budding romance, and you've got a film more upbeat than its premise would have you believe.

There is also a 2017 live-action version that stars Emma Watson, but sometimes you just can't beat the original.

10. 'Yesterday' (2019), OSN

This Richard Curtis-penned film is based on one rather intriguing premise: what if you were the only person who remembered the Beatles?

That's the situation Jack Malik, played by Himesh Patel, finds himself in, after the British four-piece is wiped from the world's memory following a mysterious global blackout. The struggling singer-songwriter performs some of the 1960s group's most famous numbers, and finds himself rocketed to stardom – but facing a moral dilemma of whether to own up to the truth.

It's a fun concept, with Patel proving his chops as a leading man, as well as carrying off McCartney and co's hits with panache.

11. 'Pitch Perfect' (2012), Netflix

Ah, the film that introduced audiences to the concept of the "riff-off".

This university-based tale follows a wannabe DJ (Anna Kendrick) who is cajoled into joining the Barden Bellas, an a cappella group who have fallen from grace due to a less-than-perfect performance at a singing competition.

Pitch Perfect charts the reformed and revamped group's battle to win back their good reputation with contest glory, pulling in the laughs thanks to a cast that includes Rebel Wilson, Brittany Snow and Adam DeVine.

While mostly made up of covers of pop tracks, the ensemble breathe new life into the soundtrack with their a cappella arrangements.

12. 'Grease' (1978), Amazon Prime

Prepare to get chills that multiply with this '70s smash hit, led by John Travolta and Olivia Newton-John.

Set in an American high school, the action kicks off when Australian Sandy unknowingly transfers to the same school as Danny Zuko, her summer romance. While the pair had believed they wouldn't meet again, aloof Danny seems less than impressed to be reunited, setting the duo on track for a stormy journey.

The actors might have all been about a decade too old to portray high schoolers, but the songs haven't dated at all in their appeal, from Summer Nights to Hopelessly Devoted to You.

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Read more:

#CancelHamilton: Lin-Manuel Miranda's hit musical under fire due to Alexander Hamilton's slavery ties

A Hamilton parody video makes fun of the US face mask debate

‘Hamilton’ to ‘Cursed’: 21 films and TV shows on UAE streaming services in July

_________________

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Company%20profile%20
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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The%20stats%20and%20facts
%3Cp%3E1.9%20million%20women%20are%20at%20risk%20of%20developing%20cervical%20cancer%20in%20the%20UAE%3C%2Fp%3E%0A%3Cp%3E80%25%20of%20people%2C%20females%20and%20males%2C%20will%20get%20human%20papillomavirus%20(HPV)%20once%20in%20their%20lifetime%3C%2Fp%3E%0A%3Cp%3EOut%20of%20more%20than%20100%20types%20of%20HPV%2C%2014%20strains%20are%20cancer-causing%3C%2Fp%3E%0A%3Cp%3E99.9%25%20of%20cervical%20cancers%20are%20caused%20by%20the%20virus%3C%2Fp%3E%0A%3Cp%3EA%20five-year%20survival%20rate%20of%20close%20to%2096%25%20can%20be%20achieved%20with%20regular%20screenings%20for%20cervical%20cancer%20detection%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2025%20to%2029%20should%20get%20a%20Pap%20smear%20every%20three%20years%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2030%20to%2065%20should%20do%20a%20Pap%20smear%20and%20HPV%20test%20every%20five%20years%3C%2Fp%3E%0A%3Cp%3EChildren%20aged%2013%20and%20above%20should%20get%20the%20HPV%20vaccine%3C%2Fp%3E%0A
Results

57kg quarter-finals

Zakaria Eljamari (UAE) beat Hamed Al Matari (YEM) by points 3-0.

60kg quarter-finals

Ibrahim Bilal (UAE) beat Hyan Aljmyah (SYR) RSC round 2.

63.5kg quarter-finals

Nouredine Samir (UAE) beat Shamlan A Othman (KUW) by points 3-0.

67kg quarter-finals

Mohammed Mardi (UAE) beat Ahmad Ondash (LBN) by points 2-1.

71kg quarter-finals

Ahmad Bahman (UAE) defeated Lalthasanga Lelhchhun (IND) by points 3-0.

Amine El Moatassime (UAE) beat Seyed Kaveh Safakhaneh (IRI) by points 3-0.

81kg quarter-finals

Ilyass Habibali (UAE) beat Ahmad Hilal (PLE) by points 3-0

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

EA Sports FC 25
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

Book%20Details
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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

RESULTS

Men – semi-finals

57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.

67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.

60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28

63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.

71kg​​​​​​​ – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28

81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27

86kg​​​​​​​ – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round

BRIEF SCORES

England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)  
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)

Result: England won by 239 runs
England lead four-match series 2-1

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg