GBP Markets News 

UK jobs fall by most in over four years as election nears

“LONDON (Reuters) – Britain’s employers cut the most jobs in over four years between July and September, according to official data which highlighted how the labor market is slowing, just as an election nears” writes Midwest Communications Inc for 95kqds.com. Excluding bonuses, which smooths out some volatility, pay growth also rose by 3.6%, again weaker than all forecasts.But there were other signs in Tuesday’s data – falling employment, weaker wage growth and reduced vacancies – that added to other signs that the labor market is turning weaker. Source: 95kqds.com

Read More
GBP News 

Gold flat as investors await cues from Trump speech on trade war

“Gold prices were flat on Tuesday, as investors looked for clues from U.S. President Donald Trump on the status of trade talks with China, while the political unrest in Hong Kong provided some support to the safe-haven metal” reports cnbc.com. Asian share markets flatlined as uncertainty over China-U.S. trade talks and political strife in Hong Kong dogged sentiment, while safe-haven bonds eked out a bounce.An employee arranges one kilogram gold bars at the Perth Mint Refinery in Perth, Australia, on Aug. 9, 2018. Platinum edged up 0.3% to $878.41 per…

Read More
GBP Markets News 

Sterling holds gains as Brexit Party pledge eases hung parliament fears

“Also weighing on the U.S. currency were doubts about whether Beijing and Washington can reach a potential trade agreement and roll back tariffs, and concerns over rising Hong Kong tensions” writes Midwest Communications Inc for 95kqds.com. The Chinese yuan was little changed at 7.0040 per dollar in offshore trade , with traders awaiting developments on trade as well as Hong Kong.”The sterling’s move was notable while other currencies were quiet, mainly because the U.S. market was closed,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank. Source: 95kqds.com

Read More
GBP News 

Election boost for Boris Johnson as Brexit leader Nigel Farage withdraws candidates

“British Prime Minister Boris Johnson’s chances of securing a Conservative majority in the nation’s next general election just improved, as Brexit Party leader Nigel Farage has withdrawn a slew of candidates” reports washingtonexaminer.com. Farage, who planned to stand 600 candidates in next month’s election, announced Monday that he will not contest the 317 seats won by the Conservative Party in 2017. Before the election vote, anti-Brexit forces blocked a vote on Johnson’s Brexit deal with the EU, ruling out a no-deal Brexit by the end of October. Source: washingtonexaminer.com

Read More
GBP News 

Nigel Farage boosts Boris Johnson’s election prospects by standing down Brexit Party candidates in Conservative seats

“However, the UK election has been dubbed the most unpredictable in decades, with many seats likely to change hands” writes Adam Payne for businessinsider.com. The Brexit Party will not contest any seats held by Prime Minister Boris Johnson’s Conservatives in the general election next month, its leader, Nigel Farage, announced on Monday. Source: businessinsider.com

Read More
GBP News 

The U.K. is growing like France. Why does it get a bad rap?

“The European Commission forecast released last week predicted the U.K. economy would grow 1.3% this year and 1.4% next” writes Senior Writer for marketwatch.com. A hung parliament would raise the prospect of new chaotic debates on a possible Brexit deal.Even before it has happened, Brexit has already had an impact on the U.K. economy, because of the prolonged uncertainty of the past three years.Opposition parties will insist that Brexit has taken its toll on the U.K. economy, which is still facing significant uncertainties in spite of a deal Prime Minister…

Read More
GBP News 

Brexit Party’s Farage says will not challenge PM Johnson’s Conservatives in 317 seats

“The Brexit Party will not contest the 317 seats the Conservatives won at the last election,” Farage said, adding that he had made the decision overnight” writes Midwest Communications Inc for 95kqds.com. HARTLEPOOL, England (Reuters) – Brexit Party leader Nigel Farage said on Monday that his party would not contest 317 Conservative Party seats in the Dec. 12 election but would contest nearly all other seats, a significant boost for Prime Minister Boris Johnson.Farage said he did not want anti-Brexit parties to win the election so was standing down candidates…

Read More
GBP News 

Trump’s tariffs, Brexit could spur healthier global growth

“The global economy is in a funk and Western policy makers are at sixes and sevens about what to do” writes Peter Morici for marketwatch.com. Once better clarity emerges, however, these policies could well set the global economy on a new, more productive path.Consequently, lost earnings from intellectual property and overly rapid displacement of manufacturing jobs slowed growth in North America and Europe and disrupted rust-belt communities.That’s a disruptive process for now but longer-term should allocate global capital more efficiently—better reflecting legitimate patterns of comparative advantage—than those dictated by Chinese…

Read More
GBP Markets News 

VIDEO: Boris Johnson accidentally has perfect argument against Brexit

“UK Prime Minister Boris Johnson made an unusual and very revealing comment Thursday night that inadvertently serves as an incredibly compelling argument against his own Brexit deal” writes Thomas Colson for businessinsider.com. Speaking at a meeting of local Conservatives in Northern Ireland on Thursday evening, the prime minister said: “Actually, Northern Ireland has got a great deal.Northern Ireland, however, would remain wedded to EU customs and single-market rules to preserve its invisible border with the Republic of Ireland.You keep free movement, you keep access to the single market, but you…

Read More
GBP Markets News 

Boris Johnson says single market access after Brexit is ‘great deal’

“The Northern Ireland border was one of the key stumbling blocks to securing a Brexit deal for both Theresa May and Ms Johnson” writes Lizzy Buchan for independent.co.uk. Mr Johnson added: “Northern Ireland has got a great deal.His remarks directly contradict both Northern Ireland secretary Julian Smith and Brexit Secretary, Steve Barclay, who said last month that Northern Ireland businesses would need fill out export declaration forms when sending goods to Britain under the terms of the new Brexit deal. Source: independent.co.uk

Read More