TUESDAY, 28 JAN 2020

 

CONNECT

Facebook Linked In Twitter
INB_Awards_15/01-29/01_728x90px
GloriaJeans_266x90px
IMH LTD

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

IMH LTD
GAP_Group_2019_468x60px

INTERNATIONAL

brought to you by CIPA

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Sterling falls by a cent against dollar after Tory leadership candidates’ backstop remarks, The Guardian reports.

The pound has fallen to its lowest level in more than two years after pledges by both Boris Johnson and Jeremy Hunt to ditch a key part of the UK-EU withdrawal agreement intensified City fears over a no-deal Brexit.

Sterling fell by a cent against the US dollar after a Sun and Talkradio debate in which both the contenders to replace Theresa May in Downing Street said they would not accept a Northern Ireland backstop in its current form.

With Brussels insisting that an agreement to maintain a seamless border between Northern Ireland and the the Irish Republic is non-negotiable, investors at one point drove the pound below $1.24 – a level last seen in the spring of 2017. It later edged back above $1.24. The pound also hit a six-month low of €1.1063 against the euro.

The pound’s losses against the US currency intensified after a Sky News report that Johnson was considering sending MPs home during the days leading up to the Brexit deadline day of 31 October.

A weaker pound makes exports cheaper but pushes up inflation by making imports dearer. John McDonnell, the shadow chancellor, said: “The instability and uncertainty caused by the Conservative party leadership contest has real-world consequences.”

MORE ON INTERNATIONAL

Brexit Withdrawal Agreement Passes The First European Parliament Test

The Constitutional Affairs Committee agreed on Thursday to recommend that the EP plenary ...

George Soros Gives $1bn To Fund Universities And Stop Drift Towards Authoritarianism

The philanthropist and former financier George Soros has announced that he is ...

What Can You Use Instead Of Google And Facebook?

"We agree to give these companies ownership of our lives and they are cashing ...

FROM AROUND GOLDNEWS

   

Petroleum Products Sales for December 2019

The total sales of petroleum products in December 2019 recorded a reduction of 5,3% compared to the previous month, according to data released by CyStat. A ...
   

London Loses Reigns As Global Finance Hub

London has surrendered its position as the world’s top financial centre to New York due in part to uncertainty over Brexit, according to a survey of ...
   

Decentralized Nicosia Chapter Upcoming Event

In light of the avid interest in Decentralized Finance and tokenization of assets, the Decentralized Nicosia Chapter is opening its doors for another ...
   

The Cyprus Government Has Ratified The Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit ...
   

PEK LTD: Delivering High-Quality Professional Services

PEK was established on 1 January, 1997, first as a partnership and later as a limited liability company, approved by The Institute of Certified Public ...
   

Kyriakos Koushos: Licensing Of Blocks Affecting Interests Of Third Parties Is Unacceptable

Cyprus Government Spokesman Kyriakos Koushos has told the Cyprus News Agency (CNA) that any licensing of a block for oil and gas exploration affecting the ...
   

Data Management: A Measurable Value For Every Company

George Z. Georgiou & Associates LLC presents the 3rd Data Management Forum which will take place on Thursday, 5 March 2020 at Hilton Nicosia (formerly ...
   

Costas Kadis Attends EU Council Debating European Green Deal And Cap

Cyprus’ Minister of Agriculture Costas Kadis is going to Brussels to attend the Agriculture and Fisheries Council that convenes there on ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Data_Forum_24/01-04/03_300x250px
Gold_Digital_Edition_300x250px

IMH LTD