Pound Sterling crashes to jaw-dropping 37-year low as City awaits name of new Prime Minister September 5, 2022 Pound Sterling dropped this morning below its pandemic lows against the dollar after weeks of weakening, sending it to the lowest point in decades. It means that it has been 37 years since British holidaymakers in the US, and importers bringing products into the UK, got so little bang for their pound. It briefly fell [...]
Sigh of relief in Britain’s automotive space as new car market stabilises after months of decline September 5, 2022 New figures show this morning that months of decline in the new car market has come to a halt. Registrations of new cars increased by 1.2 per cent last month compared with August 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Some 68,858 new cars were registered in the first monthly growth [...]
Weekend Read: As the Pound crashes to record low, what can be done to halt Sterling’s freefall? September 4, 2022 City PM reported yesterday that the pound is on course to plunge to a record low against the US dollar, largely driven by the UK tumbling into a tough recession. Sterling is expected to drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy [...]
Saturday Read: Cash-strapped home owners turn their properties into personal cash machine September 3, 2022 The amount of wealth being released through equity release could pass £6.5bn by 2025 after more than a decade of increasing popularity and growth. Overall, in the ten years following 2011, the amount of property wealth being freed up through equity release increased by 508 per cent, reaching the 2021 total of £4.8bn. Back in [...]
Pound on crash course to record low against US dollar September 1, 2022 The pound is on course to plunge to a record low against the US dollar driven by the UK tumbling into a tough recession, City economists warned today. Sterling will drop to $1.05 by the middle of next year, but could fall close to parity with the greenback, according to consultancy Capital Economics. The downbeat [...]
Orange River Wealth Back Burgeoning Green Rush September 1, 2022 | Sponsored Orange River Wealth Back Burgeoning Green Rush Medicinal cannabis is now regulated in more than 50 countries around the world and as regulation continues to expand, the global legal medical cannabis market is expected to reach USD 102.2 billion by 2030. Since its UK legalization in 2018, medicinal cannabis is causing a significant stir among [...]
Reckitt chief Laxman Narasimhan steps down September 1, 2022 Consumer goods giant Reckitt Benckiser announced today that chief Laxman Narasimhan will step down from his role at the end of this month as he moves back to the US “for personal and family reasons”.
Liz Truss or Rishi Sunak face once in a century living standards crisis September 1, 2022 Liz Truss or Rishi Sunak are set to oversee the steepest fall in living standards in a century after one of them enters Number 10 next Monday, a fresh report published today reveals. Brits are on course to be £3,000 worse off by the end of 2024 as soaring energy bills and inflation eat into [...]
‘Significant barriers’ hampering digital trade, Canada warns September 1, 2022 Post-Brexit trade deals have left “significant barriers” in place that are hampering digital trade to and from the UK, Canada corporation warned today.
London’s FTSE 100 edges lower as economic gloom knocks risk appetite August 31, 2022 London’s FTSE 100 posted a damp day today driven by economic gloom hitting investors’ risk appetite. The capital’s premier index dropped 1.05 per cent to 7,284.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.45 per cent to 19,063.75 points. A recent string [...]
