Finance News

Pound US Dollar exchange rate: GBP/USD rises as Labour backs December election

The pound edged up against the US dollar this afternoon, as the Labour party changed its mind about an early December election, with the pairing currently trading around $ 1.288. Sterling wobbled on Tuesday as Prime Minister Boris Johnson made another push for a December general election after MPs rejected his bid on Monday. Daily Express :: Finance Feed

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China urges calm over crypto ‘endorsement’

Beijing has warned bitcoin investors throughout the world not to get carried away over China’s apparent support for cryptocurrency. Bitcoin went into overdrive last week after what appeared to be an endorsement of crypto by China’s president – Xi Jinping – when addressing a meeting with the political bureau of the Chinese Communist Party’s Central Committee. Daily Express :: Finance ...

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Pound euro exchange rate: GBP/EUR edges higher as EU offers Brexit ‘flextension’

The pound edged up against the euro this afternoon as the EU granted the UK another three-month Brexit delay, leaving the pairing trading at around €1.160. Sterling edged up against the single currency after European Council President Donald Tusk announced, just days before the October Brexit deadline, that the EU27 had agreed to grant the UK a three-month “flextension”. Daily ...

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