Rolling coverage of the latest economic and financial news, including more worrying data from GermanyLatestL FTSE 100 down amid Brexit uncertaintyGerman business confidence unchangedConsumer confidence lowest since late 2016Amazon disappoints with fall in profits 2.52pm BST Sterling is ending the weak on a low point – it’s now down almost half a cent today, just above $1.28.Sterling extending recent falls on Brexit uncertainty and possible election next month. Cable currently $1.2810.Yesterday, Boris laid down the gauntlet in challenging MPs to give him a general election on 12 December. For investors this creates a difficult environment.Sterling reached levels not seen since May at the start of the week, but with a snap election looking likely and with uncertainty persisting, it has since fallen back. The only thing that is certain is heightened volatility for the currency. 2.44pm BST The New York stock market has made a very subdued start to trading.The Dow has risen just 0.07%, gaining 20 points to 26,826, while the broader S&P 500 has dipped by 0.08%. Continue reading…
Via: German consumer morale slides; Brexit jitters weigh on markets – business live
Categories: English News