Business

The pound was left muted against the euro today as German export data provided a sense of relief for the single currency, leaving the pairing trading around €1.160. The pound failed to make any gains against the euro as German exporters reported the largest rise in outgoing trade in close to two years, buttressing the shared currency against Sterling. Daily ...

A US lawyer accused of laundering proceeds from the OneCoin cryptocurrency – alleged to be a Ponzi scheme scam – has gone on trial in New York. Mark Scott is accused of laundering approximately $ 400 million through hedge funds and transferring them back to his colleagues. Daily Express :: City and Business Feed

The GBP/USD exchange rate is currently trading at $ 1.2805, trading just shy of a two-week low after the leader of the Scottish National Party, Nicola Sturgeon suggested she would consider a coalition with Labour in order to block a Tory government on December 12. Daily Express :: City and Business Feed

UK developer Waste2Tricity is ready for a clean energy revolution as the project it has helped pioneer, to turn dirty plastic waste into electricity for the grid and low-cost hydrogen road fuel, prepares for commercial production. Daily Express :: City and Business Feed

MOTHERCARE entered administration on Tuesday and now customers are being warned of delays to orders and returns no longer being accepted. Daily Express :: City and Business Feed

The pound US dollar exchange rate eased this afternoon after the Bank of England left its interest rate unchanged at 0.75 percent. This came despite two dissenting policymakers voting to cut the rate to 0.5 percent. The BoE was gloomy in its forecasts for the British economy, saying in its latest Monetary Policy Report: “Growth in the UK economy has ...

The pound fell against the euro today, with the pairing trading around €1.157 as the Bank of England left interest rates on hold in its last monetary policy meeting before the December 12 election. The central bank left interest rates unchanged at 0.75 percent, with seven out of nine policymakers voting to leave rates on hold. Daily Express :: City ...

THE BANK OF ENGLAND has issued a gloomy UK growth forecast, with Governor Mark Carney warning the “global picture has darkened”. Daily Express :: City and Business Feed

Turkey has announced it will have a national digital currency issued by its central bank for 2020. President Tayyip Erdogan revealed economic recovery plans earlier this year for the struggling nation which has been crippled with debt and austerity measures. As part of the economic rescue package, the bank could begin issuing digital lira by next Christmas. Daily Express :: ...

At the time of writing the GBP/EUR exchange rate is rangebound at €1.162, with the pound struggling for direction as the UK General Election campaign train gets into full swing. The race for Number 10 was officially triggered in the early hours of Wednesday morning as parliament was dissolved. Daily Express :: City and Business Feed