Pound euro exchange rate: Queen speaks of October Brexit despite unresolved UK-EU talks

Meanwhile, Sterling traders are increasingly jittery after Prime Minister Boris Johnson reportedly warned colleagues that a “significant amount of work” was still needed in order to secure a Brexit deal before the end of the month.  President of the European Commission, Jean-Claude Juncker fuelled uncertainty with his own ambiguous comments: “it’s up to the Brits to decide if they will ask […]

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Pound US Dollar exchange rate: Heightened risk of UK recession leaves GBP/USD flat

On Thursday morning, data revealed the dominant UK services sector took an unexpected hit last month, suffering the largest cut in employment in over nine years. Business expectations weakened for the fourth consecutive month, showing that all three sectors – services, manufacturing and construction – registered lower output last month. Excluding the month following the EU referendum, this was the first […]

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Pound euro exchange rate: GBP flat as German consumer confidence shaken

The GfK consumer confidence index fell for the second consecutive month from 10.1 to a lower-than-forecast 9.8. The survey showed that confidence has been shaken by concerns that thousands of jobs could be at risk due to German carmakers being embroiled in trade tensions. This dampened sentiment in the single currency, leaving the euro flat against Sterling.  Commenting on the data, Rolf […]

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Get tough: Pot industry wants LA crackdown on rogue shops

FILE – In this March 15, 2018 file photo, two undercover Los Angeles County sheriff’s deputies dump marijuana into an evidence bag during a raid at an illegal marijuana dispensary during a raid in Compton, Calif. The legal marijuana industry is urging Los Angeles City Hall to get tougher with illegal shops that are gouging into their business. Illegal pot […]

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The Latest: German industry group: Brexit chaos is absolute

Anti-Brexit demonstrators wave EU flags on a bus driving by Parliament Square in Westminster, London, Friday, March 29, 2019. Pro-Brexit demonstrators were gathering in central London on the day that Britain was originally scheduled to leave the European Union. British lawmakers will vote Friday on what Prime Minister Theresa May’s government described as the “last chance to vote for Brexit.” […]

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Industry must ensure new aircraft meet regulations, says FAA's acting chief

Boeing 737 Max plane makes emergency landing at Orlando airport A Southwest Boeing 737 Max plane on Tuesday had to make an emergency landing at Orlando International Airport. Former corporate pilot Anthony Roman with reaction. The aviation industry, not the Federal Aviation Administration, is in charge of ensuring new aircraft meets federal regulations, the agency's acting chief is slated to tell […]

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