GBP News 

Government quietly planning for Britain to stay in EU after March deadline, Eurosceptics fear

“The Government is secretly planning to stay in the European Union, Eurosceptics fear, after it emerged that Whitehall officials have set aside hundreds of thousands of pounds to spend on European Parliament elections” writes Chief Political Correspondent for telegraph.co.uk. The electoral watchdog has been handed a budget of £829,000 to pay for its “activities relating to a European Parliamentary election in 2019”, The Telegraph can disclose. The Electoral Commission said that it had set aside the cash as a “precautionary measure, so that we have the necessary funds to deliver our…

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GBP News 

World’s first global vaccine for Lyme disease developed as disease spreads across Britain

“The first vaccine that could stop people catching Lyme disease in the UK has been developed as the tick-borne illness spreads across Britain” writes Janet Daley for telegraph.co.uk. A drugs company is on course to develop the first global vaccine against the disease, which could be up to 96 per cent effective and would be available on the NHS for adults and children as young as two. Drug company Valneva has successfully completed the first human clinical trials of the vaccine, which concluded that it was safe and effective in…

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GBP News 

Her Majesty’s Techies: Inside GBx, the exclusive Silicon Valley club full of British techies that have created billion dollar companies

“GBx, at its simplest, is an exclusive group of British entrepreneurs and tech workers living in Silicon Valley” writes Rob Price for businessinsider.com. It’s an existing network for British entrepreneurs moving to America, so they don’t have to start from scratch.Members of GBx range from entrepreneurs to investors to senior employees at big American tech giants. Source: businessinsider.com Share This:

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GBP News 

French Open hikes prize money as Brexit eats Wimbledon purse

“The U.S. Open, the final Grand Slam of the year starting in August, has yet to announce its prize money” writes Midwest Communications Inc for 95kqds.com. This year’s clay-court slam will award prize money totaling 39.20 million euros ($45.73 million).But it is on prize money where rivalries are perhaps the hardest fought. Source: 95kqds.com Share This:

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GBP News Signals 

Summary: Commitment of Traders for BRITISH POUND STERLING – CHICAGO MERCANTILE EXCHANGE Option and Futures Combined Positions as of 2018-05-22

Open interest has decreased by -3708, making in total 232409. Commercials were net sellers. Their net position changed by -3433 totalling -12725. Major holders of open interest where shorts of commercials with 51.2%, having next commercials with 45.7% in longs. Signal: bearish. Share This:

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GBP News Stocks 

U.K. stocks rebound from 2-day losing run as Brexit jitters drive pound lower

“U.K. stocks advanced on Friday, set to break a two-day losing streak, as the pound selloff resumed on signs Brexit discussions between Brussels and London are close to a painful breakdown” writes Markets Reporter for marketwatch.com. Traders reacted little to data confirming the U.K. economy expanded at its slowest pace in five years in the first quarter.At the time, it sent the pound sharply lower, as it was seen as completely ruling out a BOE rate hike in May.The pound GBPUSD, -0.1943%  fell to $1.3355, from $1.3379 late Thursday in…

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GBP News Reviews 

GBP Daily Review May 25, 2018

GBP Daily Review for May 25, 2018 GBPUSD Rises After Some Retail Therapy See our Q2 GBP forecast to learn what will drive the currency through the quarter. GBPUSD pushed above 1.34 after news that UK retail sales saw a reb   GBPUSD: Potential Reversal Above 1.34 Despite Bearish Bias The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.   US AM Digest: TRY Plunge Continues, GBP Supported on Retail Sales Rebound US AM Digest: TRY Plunge Continues, GBP Supported on Retail Sales…

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GBP News 

How Britain let Russia hide its millions

“Does the commission the estate agent earned by selling those flats in Kensington in the early 1990s count as dirty money?” writes Oliver Bullough for theguardian.com. This is one of the problems with trying to ascertain the volume of dirty Russian money in London: how far back do we go?. This is the kind of money Britain has been happily fencing for decades.Britain has consistently welcomed Russian money, and consistently ignored the warnings of those concerned about what it is buying. Source: theguardian.com Share This:

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GBP News 

Chaotic Brexit could force interest rate cut warns Bank of England governor

“A disorderly Brexit could force the Bank of England to cut interest rates again sharply, according to its governor Mark Carney” writes Ben Chu for independent.co.uk. We have the tools we need.” The Bank has drawn criticism from some City analysts and traders for giving confusing signals to markets about the likelihood of a May interest rate rise.He also warned the TSC that the UK economy urgently needs the single market and customs union transition agreed by Theresa May and the EU after March 2019. Source: independent.co.uk Share This:

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GBP Markets News 

LIVE: Tory MP warns government over ‘disastrous’ NHS funding shortfall

“Week after week it becomes clearer and clearer that they are too divided to make the right choices and too weak to get a good Brexit deal” writes Benjamin Kentish for independent.co.uk. So let me be clear, Labour will not support any Brexit deal that includes the return of a hard border to this island. Source: independent.co.uk Share This:

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