Pound LIVE: Sterling SOARS as Conservatives scoop huge win – FTSE 250 at record high

The Conservative Party has secured a majority in the General Election 2019. At the time of writing, one seat was yet to be announced. However, the results show the Conservatives won 364 seats – with 326 being needed for a majority. What has happened to the pound to euro and pound to dollar exchange rate amid the results? READ MORE Universal Credit: […]

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UPDATE 2-Mexico industrial output rises in November, consumer confidence up at year-end

(Recasts first paragraph, adds consumer confidence data) MEXICO CITY, Jan 10 (Reuters) – Mexico’s industrial output rose for the first time in three months and consumer confidence inched higher, official data showed on Friday, offering hints of growth as Mexico struggles to stave off a recession. Industrial activity grew 0.8% last November from the prior month in seasonally adjusted terms, […]

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Declining imports push U.S. trade deficit to three-year low

WASHINGTON (Reuters) – The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration’s trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing. The strength in the economy was underscored by other data on Tuesday showing activity in the vast services […]

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Gold is a better hedge than oil as US-Iran tensions spike, Goldman Sachs says

Absent a major supply disruption, Goldman Sachs commodity strategists projected that the risks for oil prices are skewed to the downside in the coming weeks, with a fair value of $63 per barrel. Goldman anticipates that gold will continue to rally, as spikes in geopolitical tensions historically lead to higher gold prices when they are severe enough to cause currency debasement, […]

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5 charts show how protests in Hong Kong have affected the city's economy and stock market

Anti-government demonstrations in Hong Kong have at times involved violent clashes between protesters and the police. The protests, along with uncertainties such as the U.S.-China trade war, sent the Hong Kong economy into a recession for the first time in a decade. Despite the pressure on the economy, Hong Kong's benchmark Hang Seng Index appear on track to end 2019 […]

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