Business

THE FTSE 100 showed signs of recovery today but is still heading for its worst week in 20 months amid fears of economic slowdown and recession. Daily Express :: City and Business Feed

The pound was left flat against the US dollar with the pairing currently trading around $ 1.229. The UK economy seems to be tipping toward recession as companies brace for the risk of a no-deal exit from the European Union at the end of October. Daily Express :: City and Business Feed

The pound euro exchange rate rose by 0.6 percent today, with the pairing currently trading around €1.129 on renewed hopes for an extension beyond the October 31 Brexit deadline. This follows official EU commentary describing Prime Minister Boris Johnson’s proposal for a new deal as not “even remotely” acceptable. Daily Express :: City and Business Feed

The pound euro exchange rate eased today, with the pairing currently trading around €1.122 after September’s UK Markit Manufacturing PMI failed to emerge from contraction territory at 48.3. Last month saw Brexit uncertainty and the global economic slowdown continue to weigh on the British economy. Daily Express :: City and Business Feed

The US dollar remained steady as it climbed against a handful of currencies, hitting a 29-month high as markets priced in a lower chance of further Federal Reserve Rate cuts in the coming months. The US Markit manufacturing PMI also provided some support for the US Dollar, edging up to a five-month high in September. Daily Express :: City and ...

The pound US dollar exchange rate held steady today, with the pair currently trading around $ 1.230 after the UK’s Q2 year-on-year growth figure was revised from 1.2 percent to 1.3 percent. However, the pound failed to make any gains against the US dollar as ongoing pessimism about the UK economy and Brexit uncertainty continued to cast a cloud over ...

The pound has risen against the euro this afternoon, with the pairing currently trading at around €1.128. The pound edged up against the euro as the Office for National Statistics released encouraging data showing a surprisingly resilient UK economy. Daily Express :: City and Business Feed

DATE Palm Developments , one of the world’s largest producers of date palms cut from off shoot plant tissue, will open a £2.5 million new facility on its Somerset site this week as demand grows internationally for the fruit trees. Daily Express :: City and Business Feed

Bitcoin is now officially suffering one of its worst weeks in almost a year as the price of the cryptocurrency tumbled below $ 8,000 last night. The amount of trading value lost between Monday morning and Friday afternoon stands at a staggering $ 40 billion lopped off the entire crypto market cap. Daily Express :: City and Business Feed

PROPERTY developer room2 is seeking £250 million of new investment for a major UK expansion of its new affordable hometels that blend a hotel’s stylish comfort and services with the flexibility and safety of home. Daily Express :: City and Business Feed