Business

Pound Euro exchange rate: GBP/EUR flat as UK ‘election euphoria’ fades

The pound was left flat against the euro today as Brexit pessimism increased and left markets fearing a hard Brexit next year, leaving the pairing trading at around €1.176. Sterling suffered further losses on Wednesday as traders continued to assess the risk of a disorderly Brexit at the end of 2020. Daily Express :: City and Business Feed

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UK crypto exchange shuts down over EU law

A UK-based cryptocurrency exchange has shut down because of looming EU regulation. The new law from Brussels – AMLD5 – will force cryptocurrency exchanges to comply with the same regulations as other financial institutions, including submitting suspicious activity to regulators and greater customer scrutiny. Daily Express :: City and Business Feed

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Pound US dollar exchange rate sinks as UK inflation remains at three-year low

The pound US dollar exchange rate dipped by -0.3 percent today, with the pairing currently trading around $ 1.308 after the UK year-on-year inflation figure held at a three-year low of 1.5 percent in November. The report also showed that UK inflation continues to undercut the Bank of England’s target of 2 percent by a wide margin. Daily Express :: ...

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