Business

Pound euro exchange rate dips, No 10 warns of General Election before Christmas

The pound euro exchange rate eased today, with the pairing currently trading around €1.159. Brexit uncertainty is on the increase after Downing Street threatened to abandon the current deal and seek a general election before Christmas. Speaking in the House of Commons today, Prime Minister Boris Johnson warned MPs that a vote against his “programme motion” would result in a snap general election. Daily Express :: City and Business Feed

Pound Euro exchange rate: GBP/EUR falls as PM threatens to pull Brexit bill

The pound slumped against the euro this afternoon ahead of this evening’s crucial Brexit vote with the pairing currently trading at around €1.160. The pound was left under pressure today as investors waited to see if the UK will leave the European Union by the October 31 deadline as the Prime Minister has repeatedly promised. Daily Express :: City and Business Feed

Pound Euro exchange rate: GBP/EUR rises despite Speaker denying ‘meaningful vote’

The pound edged up against the euro this afternoon, with the pairing currently trading at around €1.164 thanks to a fresh bout of Brexit optimism. Brexit news remains front and centre today after Prime Minister Boris Johnson’s deal, ratified by the EU last week, failed to pass through parliament on Saturday. Daily Express :: City and Business Feed

‘It’ll NEVER happen’ – Finance expert blasts Facebook cryptocurrency 

THE head of the biggest bank in America has poured scorn on Facebook’s plan to launch a bitcoin-style cryptocurrency. Libra is a blockchain digital currency planned to be launched in 2020. The social media giant aims to let its nearly two billion users pay and send digital cash using Libra. Daily Express :: City and Business Feed