- Reuters - UK Focus
FOREX-Dollar gains as U.S.-China trade worries diminish risk appetite
Reports of a "Phase 1" trade deal between the United States and China last week had earlier cheered markets but the dearth of details around the agreement has since curbed this enthusiasm with oil prices extending declines, Chinese stocks weaker and the safe-haven yen holding gains versus the
- The Independent
Business news - live: Mark Carney issues fresh warning over no-deal Brexit impact, as Royal Mail workers vote to strike
Mark Carney warned MPs that a no-deal Brexit will likely result in job losses and business closures. The Bank of England governor’s comments came as UK unemployment rose unexpectedly in the latest quarter as the jobs market showed signs of a slowdown amid prolonged economic uncertainty.However, the pound
- Reuters
Germany plans to nearly double taxes on short-haul flights
Berlin plans to almost double taxes on short-haul flights under Germany's emissions cutting programme, an official at the Finance Ministry said on Tuesday, a bigger increase than expected. The tax hikes form part of a climate package in Germany aimed making the country carbon neutral by the year
- Reuters
Exclusive: French insurer AXA considers selling up in Central Europe - sources
WARSAW/FRANKFURT (Reuters) - French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said. AXA is now focusing on expanding in Asia, after its $15 billion (11.87 billion pounds
- Reuters - UK Focus
FOREX-Dollar up for a 2nd day as U.S-China trade deal optimism fades
The dollar gained for a second consecutive day on Tuesday as fading optimism over the latest China-U.S. trade truce prompted traders to buy the greenback after a selloff last week. The greenback had come under selling pressure recently as the combination of some tepid U.S. data and hopes of a breakthrough
- Reuters - UK Focus
Irish financial system ready for Brexit - new central bank chief
Ireland's central bank has done as much as it could have been expected to do to make sure the country's financial system is ready for whatever manner neighboring Britain leaves the European Union, its new governor said on Tuesday. In his first remarks to reporters since assuming the role in
- Reuters
Pound up as EU's Barnier says Brexit deal possible this week
Sterling rose on Tuesday to a five-month high against the euro after the European Union's chief Brexit negotiator said a deal with Britain over the terms of Britain's departure was still possible this week. It gave up some of those gains but stayed near the three-and-a-half month high of $1.2707
- Reuters - UK Focus
UPDATE 1-Pound up as EU's Barnier says Brexit deal possible this week
Sterling rose on Tuesday to a five-month high against the euro after the European Union's chief Brexit negotiator said a deal with Britain over the terms of Britain's departure was still possible this week. It gave up some of those gains but stayed near the three-and-a-half month high of $1.2707
- Reuters - UK Focus
FOREX-Euro up on Brexit deal hopes, trade caution caps dollar
The euro gained on Tuesday, helped by more positive noises about a Brexit deal and as fading optimism over U.S.-China trade talks kept the dollar range-bound. The European Union's chief Brexit negotiator, Michel Barnier, said a deal with Britain to cover its departure from the EU was still possible
- Yahoo Finance UK
Pound and UK stocks surge on report of 'draft' Brexit deal
The UK and EU are reportedly close to agreeing a draft Brexit deal.
- Reuters - UK Focus
RPT-GRAPHIC-Seismograph: Brexit-sensitive financial prices in critical week
Sterling, British bank shares and even German and Irish government bonds are some of financial prices most sensitive to the ebb and flow of Brexit developments as the long-running saga enters a crucial week. While Brexit has cast a cloud over world markets since the June 2016 referendum resulted in
- Reuters - UK Focus
Sterling jumps after EU's Barnier says Brexit deal possible this week
Sterling jumped in early London trading on Tuesday and hit a five-month high versus the euro after the European Union's chief Brexit negotiator said a deal with Britain over the terms of their divorce was still possible this week. The pound rose as much as 0.7% to $1.2699 and by a similar magnitude
- Bloomberg UK
China Import Slump Casts Gloom
Oct.14 -- China is buying less from the rest of the world, pushing its trade surplus higher and dragging on global economic growth.Imports in the world’s second-largest economy dropped 8.5% in September for a ninth decline in the past 10 readings, while exports decreased 3.2% in dollar terms from a year
- Reuters - UK Focus
GLOBAL MARKETS-Stocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, while a gauge of global equity markets was little changed as investors sought details about an agreement. Gold gained and oil prices fell more than 3% at one point
- Reuters
Italy eyes tighter fiscal rules for banks' loan losses - sources
Italy is considering reducing the amount of loan losses that banks can deduct from their taxable income next year, two sources close to the matter told Reuters on Monday, as it looks for ways to finance an expansionary 2020 budget. Rome is struggling to find resources to avoid a hike in sales tax worth
- Reuters
Seismograph: Brexit-sensitive financial prices in critical week
The pound enjoyed its best week since 2017 last week after British Prime Minister Boris Johnson and Irish counterpart Leo Varadkar said they could see "a pathway" for an agreement for Britain to leave the European Union by Oct. 31. While Brexit has cast a cloud over world markets since the
- Reuters - UK Focus
GLOBAL MARKETS-Stocks meander on caution over trade talks, dollar gains
The U.S. dollar gained on Monday as initial optimism ebbed over a potential U.S.-China trade deal that President Donald Trump outlined last week, but a gauge of global equity markets was little changed as investors sought details. Oil prices fell more than 3% as scant details about the first phase of
- Reuters - UK Focus
FOREX-Yen and Swiss franc gain as ebbing trade optimism hurts risk appetite
The Swiss franc and Japanese yen rose on Monday as investors headed into safer assets, becoming more cautious that progress was being made towards a comprehensive trade deal between the United States and China. The currencies, both viewed as safe havens, and the U.S. dollar had dropped sharply on Friday
- Reuters - UK Focus
UPDATE 2-Euro zone bond yields down from 2 1/2-month highs as caution returns
Euro zone bond yields fell on Monday as caution surrounding both Brexit and U.S.-China trade talks encouraged investors back into fixed income after a hefty selloff on Friday that sent borrowing costs to 2-1/2-month highs. Ten-year gilt yields in Britain slid 6.4 basis points , dragging euro zone peers
- Reuters
UniCredit to apply negative rates only on deposits over 1 million euros
UniCredit will only apply negative rates to customer deposits of more than 1 million euros, the Italian bank said on Monday, clarifying comments by its CEO last week which drew angry reactions from unions and consumer groups. European banks are grappling with the consequences of the European Central
- Yahoo Finance UK
Global regulators say Facebook’s Libra could pose risk to financial stability
'Global stablecoins' like Libra could result in financial stability risks, consumer and investor protection issues, and cybersecurity threats.
- Reuters
Pound bruised as Brexit deal doubts creep in
Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from the bloc by Oct. 31. The pound briefly fell more than 1% to a session low of $1.2517 in a choppy London
- Reuters - UK Focus
UPDATE 3-Pound bruised as Brexit deal doubts creep in
Sterling gave up some of last week's strong gains on Monday after the European Union and Britain said a lot more work would be needed to secure an agreement on the country's departure from the bloc by Oct. 31. The pound briefly fell more than 1% to a session low of $1.2517 in a choppy London
- Reuters - UK Focus
FOREX-Dollar rebounds as ebbing trade deal optimism hurts risk appetite
The dollar rose on Monday as investors headed into safer assets after they became more cautious that progress was being made towards a comprehensive U.S.-China trade deal. The dollar fell last week, and dropped sharply on Friday, as optimism that a trade deal could be reached, together with a restarting
- Yahoo Finance UK
Pound falls on reports 'big gap' remains in Brexit negotiations
The currency, which made some of its biggest gains since the Brexit referendum last week, fell by more than 0.5% on Monday.
