Sterling clung onto Wednesday’s gains, rebounding from a three year low, with MPs voting in favour of the Hilary Benn bill. This will be sent to the House of Lords for approval on Friday and requires the Prime Minister to request an EU extension on the Brexit deadline unless a deal is agreed upon by 19 October. In other news today, […]

Cross-party rebel and opposition MPs have just four days to pass legislation designed to block a no-deal Brexit before parliament breaks for party conference season next week. While investors have become increasingly jittery, Labour leader Jeremy Corbyn presented an optimistic front: “Labour wants to prevent a no-deal Brexit, and to have a general election.  “I am confident we can have both, […]

Alarmingly, the research also found that 56 percent of crypto holders admit to being risk-takers and basing decisions on “gut feeling”, enjoy gambling, and are 41 percent more likely to have taken out a short-term loan. Interestingly, while most crypto owners are men, a fifth of cryptocurrency owners are female – a much higher number than expected. Jason Mander, the chief research officer at GlobalWebIndex, said: […]

After feigning a heart attack to buy time for his lawyers to prevent deportation, he was flown to the UK under a British passport. McAfee has dual citizenship after being born on a United States Air Force base in Gloucestershire. Believing he and his wife Janice were at risk of being handed over to the US where he is wanted for […]

Chris Williamson, a Chief Business Economist at IHS Markit, commented: “The manufacturing sector has become an increasing cause for concern. Geopolitical worries, Brexit, growing trade frictions and the deteriorating performance of the autos sector in particular has pushed manufacturing into a deeper downturn.” Today saw the flash German Markit Manufacturing PMI figures for June, which slipped further into contraction territory from […]

Brexiter Boris Johnson is a strong favourite to succeed Prime Minister Theresa May, and confirmation of his victory could increase no-deal Brexit fears. Former Health Minister and Tory rebel Philip Lee said: “It is going to be really challenging for him to govern. I don’t see how he has got a majority to govern. It’s a very, very fragile situation with […]

However, gains were latter tempered by a slightly better-than-forecast US PPI report.  Overnight Chinese growth figures hit their worst levels in 27 years, but the US dollar failed to benefit from its safe-haven status as Chinese retail sales, industrial production and fixed asset investments beat forecasts. The pound, meanwhile, has remained subdued against many of its competitors following the publication […]

Deutsche Bank started axing thousands of jobs in London and New York yesterday, just hours after announcing a drastic plan to reduce its global workforce by 18,000. The job cuts make up about a fifth of the company’s global workforce of 91,500 and the biggest hits will take place in London, one of the main hubs for its global investment […]