Pound euro exchange rate: GBP rises against EUR ahead of EU debt data

Cross-party Brexit talks between the government and the Labour party will continue later as MPs return from their Easter break. The European Union is due to release data on member states’ 2018 debt and deficit ratios as part of an assessment of whether they comply with eurozone rules. Analysts are starting to worry that Italy’s debt levels may pose the risk […]

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Is the US economy moving sideways?

JPMorgan Chase CEO Jamie Dimon doesn’t see a recession coming FoxNews.com columnist Liz Peek, former investment banker Carol Roth, former Pennsylvania governor Ed Rendell (D) and Kaltbaum Capital Management President Gary Kaltbaum on JPMorgan Chase CEO Jamie Dimon’s claim that the U.S. won’t see a recession for the next few years. JPMorgan CEO Jamie Dimon had some good news for […]

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Pound euro exchange rate: GBP muted against EUR despite upturn in UK GDP growth

This morning, the pound has slipped slightly against the euro, and the pairing is currently trading at around €1.159. The release of the UK’s Q4 2018 GDP figure showed that on a quarterly basis, GDP rose in line with expectations. Quarterly GDP rose by 0.2 per cent, with the growth driven by the dominant services sector. While annual GDP rose […]

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Fed survey finds economy expanding at moderate pace

The Federal Reserve says the economy was expanding at a "slight-to-moderate pace" in March and early April, with some regions seeing signs of strengthening after a winter slowdown. Continue Reading Below In its latest report on economic conditions around the country, the Fed says that the reports on manufacturing were favorable, although some business contracts noted uncertainty caused by tensions […]

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China's first quarter growth unexpectedly steadies, but too early to call clear recovery

BEIJING (Reuters) – China’s economy grew at a steady 6.4 percent pace in the first quarter from a year earlier, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. The upbeat readings, which also showed faster growth in retail sales and investment, are likely to add to optimism that China may […]

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UK jobs market SHRUGS off Brexit uncertainty: RECORD numbers in work as wages tick higher

The number of people classed as employed has reached a record high of 32.7 million, the highest level since records began in 1971, according to official figures from the Office for National Statistics. Unemployment fell by 27,000 to 1.34 million, with the rate of 3.9 percent now lower than at any time since the end of 1975. The figure has […]

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UK economy leans on consumers as Brexit drags on business

LONDON (Reuters) – Moving slowly in the fog of Brexit and slowing global growth, Britain’s economy is increasingly reliant on consumers and their spending as business investment and exports fade. The world’s fifth-biggest economy grew 1.4 percent in 2018, the weakest increase in six years, and it looks set to slow further in 2019. On Wednesday, the European Union delayed […]

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