Business

Pound euro exchange rate sinks as UK economy contracts over Brexit uncertainty

The pound euro exchange rate fell today, leaving the pairing trading around €1.082 after worse-than-expected UK growth figures for the second quarter. UK GDP figures for June fell from 1.8 percent to 1.2 percent – a drop of 33 percent, the country’s worst rate of growth in six and a half years. Daily Express :: City and Business Feed

Fugitive computer tycoon John McAfee says US authorities will never find him

ON-THE-RUN crypto evangelist John McAfee says the US would have to send in Navy Seals to find him in his current hideaway. The 73-year-old computer programmer fled London last weekend after evading deportation to the States from the Dominican Republic where he and his team were jailed for failing to declare an arsenal of automatic weapons aboard their yacht – “The Freedom Boat”. Daily Express :: City and Business Feed

Pound euro exchange rate: Rising Brexit uncertainty keeps a lid on GBP/EUR

At the time of writing, the GBP/EUR exchange rate is trading at €1.084, virtually unchanged from this morning’s opening rate, which leaves the pairing just shy of a two-year low. The pound is trading in a narrow range against the euro and the majority of its other peers this morning as Brexit uncertainty continues to cast a long shadow. Daily Express :: City and Business Feed

Crypto exchange confronts blackmailers over demand for 300 bitcoins

HUGELY popular cryptocurrency exchange Binance has been rocked by an attempted blackmail plot demanding bitcoins as ransom. Blackmailers claim to have top-level security data on more than 10,000 Binance customers – including passport images – for which they say they want 300 bitcoins . Daily Express :: City and Business Feed

Pound US dollar exchange rate improves as Federal Reserve hints at future rate cuts

The pound US dollar exchange rate edged higher today, with the pairing trading around $ 1.218 following dovish rate cut hints from the US central bank. Chicago Fed President Charles Evans said on Wednesday that the central bank’s policy had eased substantially since last year, but with slowing inflation and rising concerns over global trade, this could mean further rate cuts are required in the near-term. Daily Express :: City… Read More »Pound US dollar exchange rate improves as Federal Reserve hints at future rate cuts

Pound US Dollar exchange rate: GBP/USD rises as US-China tensions escalate

The pound has edged up against the US dollar this morning, taking the pairing to $ 1.218. On Tuesday morning, the European Union stated that there will be no further Brexit talks as long as the UK government insists on making changes to Theresa May’s withdrawal agreement. Negotiators stated that suggested changes, such as scrapping the Irish backstop, were unacceptable. Daily Express :: City and Business Feed