Business

Pound US Dollar exchange rate: GBP climbs almost a cent

Pound US Dollar exchange rate: GBP climbs almost a cent Although Sterling has eased from its best levels, the currency was bolstered on Thursday by better-than-expected UK retail sales data. Growth in consumer spending jumped by a higher-than-expected 1 per cent in June. The data provided GBP support as it reduced the risk of the UK economy shrinking during the ...

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Facebook’s Libra cryptocurrency ‘may not happen’

Facebook’s Libra cryptocurrency ‘may not happen’ Under its Calibra subsidiary, Facebook announced last month it would be launching the Libra coin next year as it took its long-awaited steps into cryptocurrency. Within days of the announcement, many US senators aired deep concerns about the nature of Facebook’s declaration, accusing the global social media colossus of arrogance and assuming their plans ...

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Pound euro exchange rate: GBP/EUR dips as UK’s budget deficit swells to a four-year high

Pound euro exchange rate: GBP/EUR dips as UK’s budget deficit swells to a four-year high The public borrowing data dampened market confidence in Sterling as it suggests a weakening of the UK’s fiscal position ahead of Brexit. This has also caused some concern as both Tory leadership candidates have pledged tax cuts and increased spending. According to Reuters: “Looking at ...

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Ascenti: Physiotherapy service speeds recovery with personal advice app  

Ascenti: Physiotherapy service speeds recovery with personal advice app   As well as round-the-clock access to expert advice and virtual consultations, PhysioNow’s guided videos and tailored exercise programmes are designed to speed up recovery, compliment face-to-face care and maintain good health. “Our platform provides seamless integration of our workflow systems and solutions which is an industry first and this service links ...

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Pound euro exchange rate: GBP/EUR improves as UK retail sales beat forecasts

Pound euro exchange rate: GBP/EUR improves as UK retail sales beat forecasts The increase in inflation was slightly stronger than forecast, with the yearly figures rising 1.3 percent, while month-on-month figures also improved 0.2 percent, but investors are still expecting the ECB to take policy action. Marion Amoit, an Economist at S&P Global Ratings, also warned: “The global [economic] slowdown [could] ...

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Pound US Dollar exchange rate: GBP/USD rises as retail sales surge

Pound US Dollar exchange rate: GBP/USD rises as retail sales surge Year-on-year sales jumped from May’s downwardly revised 2.2 per cent to 3.8 per cent, and excluding fuel annual sales rose by 3.6 percent. The Office for National Statistics (ONS) stated: “All four main sectors contributed positively to the amount spend, and all sectors except food contributed positively to the quantity bought. ...

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Pound Euro exchange rate: GBP/EUR close to six-month low as UK inflation remains steady

Pound Euro exchange rate: GBP/EUR close to six-month low as UK inflation remains steady The Office for National Statistics (ONS) report showed that inflation remained at 2 percent, the same as May. This means that workers are benefitting from real wage growth, as yesterday’s UK jobs data showed that earnings rose by 3.6 percent in the second quarter of 2019. Commenting on ...

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Bitcoin on its knees as cryptocurrency crashes to $9,500

Bitcoin on its knees as cryptocurrency crashes to $9,500 The dramatic plummet reflected the theme of bitcoin’s recent month of volatility which has seen it flirt with $14,000, falling shy of the year high only three weeks ago, and also tumble to yesterday’s gasp-inducing $9,460 at one point. The latest slump caps off what has been a tumultuous few weeks in ...

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Pound US dollar exchange rate: GBP/USD close to 27-month low

Pound US dollar exchange rate: GBP/USD close to 27-month low Yesterday’s US retail sales figures for June, which beat forecasts at 0.4 percent, also bolstered the US dollar and helped drove GBP/USD lower. No-deal Brexit fears rose yesterday as both Tory leadership candidates, Boris Johnson and Jeremy Hunt, hardened on their stance with the European Union by abandoning the Northern ...

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Bitcoin price news: BTC has ‘NOTHING to fear’ from Facebook Libra cryptocurrency

Bitcoin price news: BTC has ‘NOTHING to fear’ from Facebook Libra cryptocurrency Bitcoin traders appear to have been spooked by US lawmakers’ pressure on Facebook’s Libra, which has rippled throughout the cryptocurrency market. The price of Bitcoin had fallen more than 11 percent in the past four and half hours, to around $9,650 (£7,778) 4.16 PDT (9.16pm BST) – according ...

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