Category Archives: Business

• Lidl to help shoppers buy more British produce as it invests £15bn in suppliers

  admin October 16, 2019

  DISCOUNT supermarket Lidl has pledged to spend a record £15billion with British suppliers over the next five years. Read more »

• Pound US dollar exchange rate: GBP/USD rises on hopes for a Brexit extension

  admin October 16, 2019

  THE pound US dollar exchange rate edged higher today, with the pairing currently trading around $1.281. Read more »

• Pound Euro exchange rate: Brexit uncertainty sees Sterling wax and wane

  admin October 16, 2019

  THE pound rose against the euro this afternoon, with the pairing currently trading at around €1.160, but wild fluctuations caused by creeping Brexit uncertainty have clipped the five-month highs reached during Tuesday’s session. Read more »

• Global recession 2019: Moody’s horrifying warning – HIGH recession risk in next 12 months

  admin October 16, 2019

  THE RISK of a global recession in the next 12 to 18 months is “awfully high”, according to Moody’s Analytics’ chief economist. Read more »

• Project Fear denied: Traders will flock back to London after Brexit, says analyst

  admin October 16, 2019

  THE City of London will confound “doom-mongers” by luring financiers back once the uncertainty swirling round Brexit has been resolved, irrespective of yesterday’s gloomy prognosis by Square Mile supremo Catherine McGuinness, financial analyst David Buik has said. Read more »

• Pound Euro exchange rate: ‘Narrow path’ to Brexit deal leads pairing to five-month high

  admin October 15, 2019

  The pound jumped to a five month high against the euro this afternoon with the pairing currently trading at around €1.149 as a fresh wave of Brexit optimism and upbeat comments from the European Union’s chief negotiator sparked investor confidence. Michel Barnier said that while a “narrow path” exists to achieving a Brexit deal this week, it was “time to turn good intentions into legal text”. Read more »

• Pound US dollar exchange rate up: Barnier suggests Brexit deal ‘still possible this week’

  admin October 15, 2019

  The GBP/USD exchange rate is currently trading at $1.2645, having climbed roughly 0.3 percent from today’s opening levels following upbeat comments from the EU’s chief Brexit negotiator Michel Barnier. Sterling initially surged as M Barnier told EU ministers in Luxembourg that securing a Brexit deal this week would “be difficult” but “still possible”. Read more »

• Coinbase chief blasts US Senate over Libra letters

  admin October 15, 2019

  THE head of one of the world’s largest cryptocurrency exchanges has slammed US senators as “un-American” over their attempts to stop Facebook’s Libra crypto project in its tracks. Facebook announced in June that it planned to launch its own cryptocurrency to its two billion worldwide users under a newly-formed umbrella organisation called Calibra. Read more »

• Brexit alert: No deal could spark global financial crisis, warn economic experts

  admin October 15, 2019

  A NO-DEAL Brexit could spark the same kind of global crash that came after the 2016 EU referendum, financial experts have warned. Read more »

• Pound US Dollar exchange rate: Brexit sees pairing slump more than 1 percent

  admin October 14, 2019

  The pound slumped against the US dollar this afternoon, with the pairing currently trading around $1.261 after the pound surrendered some of last week’s gains following a deceleration in UK-EU negotiations. Read more »