Pound US dollar exchange rate: GBP sinks as Trump is cleared of Russia collusion claim

With Brexit concerns dogging the pound, risk-appetite limited and US political news lending the US dollar support, the US dollar exchange rate slipped by 0.3 per cent at the start of the week.  The US dollar has benefited from the announcement that, after 22 months, President Donald Trump has been cleared of claims of conspiring with Russia during the 2016 […]

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EUROZONE BLOW: Car sales PLUNGE for firth straight quarter – EU alarm bells ringing

Figures released by the European Automobile Manufacturers Association revealed passenger car registrations dropped 4.6 percent compared to the same month last year to 1.23 million vehicles. Sales were down in the sectors largest markets – 1.4 percent in Germany (265,702 new passenger car registrations), -1.1 percent in France (155,079), -.1.6 percent in the UK (161,013), -7.5 percent in Italy (164,864) […]

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Bitcoin: Has BTC finally hit bottom? Can crypto bounce back?

Bitcoin’s fortunes appear to be fading, at least in the short term, with BTC seemingly trapped in an endless bear market. The flagship crypto has consistently dashed investors’ hopes by failing to regain any of the bullish momentum bitcoin once enjoyed. But bitcoin could be about to hit bottom and even turn a corner, according to technical data. Simons Peters, […]

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Pound LIVE: GBP Sterling jumps to 21-MONTH HIGH against euro as Brexit delay rises

Pound Sterling jumped 0.68 percent against the single currency to €1.1609 at 11:20am, according to Bloomberg, having opened at €1.1531. The British currency has continued to rise throughout the morning, having increased to €1.1591 by 8am. The pound has also made massive gains against the US dollar, jumping 0.72 percent to $1.3191 from an opening price of $1.3097 – it’s […]

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Lloyds and Santander dismiss calls for Brexit back up after NOT seeing signs of downturn

The banks have both stressed their loan books are concentrated in lower-risk areas such as residential mortgages, potentially limiting the negative impact on their balance sheets. When Lloyds announced its full-year financial results last week, chief financial officer George Culmer insisted the bank is “not complacent at all about the economic uncertainties that exist”. But he added the lender had […]

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Bitcoin: Is cryptocurrency building up to something big?

In fact, rather than delivering some deeply thoughtful riddle that would unlock the secrets of cryptocurrency, he would probably be tempted to give it a swerve for something simpler… like the meaning of life, for instance. Cryptocurrency is, and always has been, an unpredictable puzzle. And, right now, it is at its most puzzling. To the untrained eye, the markets have […]

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