Business

The pound US dollar exchange rate soared by 0.8 percent today, with the pairing currently trading around $ 1.310 after markets reacted positively to the Tories’ continued lead over Labour in the polls ahead of next week’s general election. Daily Express :: City and Business Feed

AN American blockchain expert has been accused of helping North Korea develop cryptocurrency. Police swooped on Virgil Griffith, who also goes by the name RomanPoet, when he returned after delivering a conference speech entitled Blockchain and Peace at a cryptocurrency conference held in the brutal dictatorship. Daily Express :: City and Business Feed

The pound rose against the US dollar as UK election optimism increased after the latest opinion poll, leaving the pairing trading around $ 1.299. Sterling received a boost on Tuesday despite data showing the UK’s construction sector still remained firmly in contraction territory. Daily Express :: City and Business Feed

The pound US dollar exchange rate is holding steady today, with the pairing currently trading around $ 1.293 after November’s UK Markit manufacturing PMI contracted for its seventh month in a row. Rob Dobson, a director at IHS Markit, commented: “November saw UK manufacturers squeezed between a rock and hard place, as the uncertainty created by a further delay to ...

The pound remains muted against the euro following a slew of weak manufacturing data from both the UK and Eurozone, leaving the pairing trading around €1.173. Daily Express :: City and Business Feed

Retail is looking rosy at St Pancras International which has high hopes of outperforming the high street this Christmas after sparkling sales last year and a new festive collaboration with French beauty giant Lancôme. Although 2018’s sector growth generally was mainly flat during the period, the tills continued to twinkle at the iconic Grade 1-listed railway station which bucked the ...

The pound remained flat against the euro following a mixed bag of data releases, leaving the pairing trading around €1.171. Earlier this morning, data revealed that German consumers paused before the start of the Christmas shopping season. Daily Express :: City and Business Feed

RUSSIA’S love-hate relationship with cryptocurrency took another twist today when the Central Bank of the Russian Federation announced it would now support proposals to ban payments in bitcoin. Following weeks of pro-cryptocurrency talk from Moscow’s technology leaders – and even nods of approval from within the Kremlin about digital assets – the unpredictable narrative has now switched back to one ...

MONEY laundering and theft through cryptocurrency has hit a staggering £3.4billion so far this year, according to a report released today. The dossier – issued by intelligence experts CipherTrace – also warns that terrorists are increasingly turning to cryptocurrencies to conceal their fundraising. Daily Express :: City and Business Feed

The pound euro exchange rate held steady today, with the pairing trading around €1.174 after the highly influential YouGov MRP poll suggested that Prime Minister Boris Johnson will win a solid majority at the December 12 general election. Daily Express :: City and Business Feed