Business

Pound US dollar exchange rate: GBP/USD flat as US inflation rebounds

Pound US dollar exchange rate: GBP/USD flat as US inflation rebounds The dollar was static on Wednesday as data revealed US inflation rebounded by more than expected in October. Rising consumer price pressures might deter the Federal Reserve from making further rate cuts in the near future, so the news provided USD exchange rates with some underlying support. The Labor Department revealed ...

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Pound euro exchange rate steady as weak UK inflation fans Bank of England rate cut fears

Pound euro exchange rate steady as weak UK inflation fans Bank of England rate cut fears The data left investors cautious, with weakening inflation heightening fears of a rate cut from the Bank of England (BoE) after two BoE policymakers voted to cut rates just last week. Howard Archer, an Economist at EY Item Club, commented: “Inflation dipping more than expected ...

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Pound US dollar exchange rate: GBP/USD steady, UK employment eases in September

Pound US dollar exchange rate: GBP/USD steady, UK employment eases in September The report added to concerns about a slowdown in hiring due to the ongoing political and economic uncertainty around Brexit. James Smith, a Developed Markets Economist at ING, was downbeat in his assessment, saying: “[W]ith forward-looking hiring indicators deteriorating, and given the risk that Brexit uncertainty persists into 2020, ...

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Pound euro exchange rate: GBP/EUR rises, Brexit Party will not contest Tory seats

Pound euro exchange rate: GBP/EUR rises, Brexit Party will not contest Tory seats Sterling rose against the euro as a Conservative Party victory was perceived to be more likely after the Brexit Party stepped aside to prevent splitting the vote across the two main pro-Brexit parties. However, Chris Curtis, the Political Research Manager at the YouGov polling company, was sceptical about ...

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Bitcoin price tumbles – Cryptocurrency falls by $400 overnight

Bitcoin price tumbles – Cryptocurrency falls by $400 overnight It seems a far cry from the bullish sentiment being felt across the board two weeks ago when BTC rocketed from the depths of $7,350 before smashing its way through the first psychological barrier of $9,000 and then daring to poke its head above the second – and more significant – ...

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Pound Euro exchange rate: GBP/EUR flat as German exporters provide much-needed relief

Pound Euro exchange rate: GBP/EUR flat as German exporters provide much-needed relief Seasonally adjusted imports jumped by a higher-than-expected 1.5 percent, which provided some much-needed relief to an export-reliant Germany and diminishing some of the concerns for a third quarter recession in the bloc’s powerhouse economy. Commenting on this morning’s data, Landesbank Baden-Wuerttemberg economist, Jens-Oliver Niklasch said: “This looks like a ...

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Lawyer accused of money laundering for OneCoin ‘scam’ goes on trial

Lawyer accused of money laundering for OneCoin ‘scam’ goes on trial The alleged scam raised an estimated $5billion throughout the world and it is believed some 70,000 people in the UK have been left out-of-pocket after signing up to OneCoin packages. Prosecutors claim he also spent some of the fraud’s proceeds on a yacht, three houses and a Ferrari sportscar. Mr ...

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Pound US dollar exchange rate shaken by potential SNP-Labour coalition

Pound US dollar exchange rate shaken by potential SNP-Labour coalition Speaking at the launch of the SNP’s election campaign, Miss Sturgeon also made it clear her party would push for another Scottish independence referendum in 2020. GBP investors generally favour the Conservatives in the upcoming election on hopes that a Tory majority will help to break the Brexit deadlock in parliament, ...

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