Pound rallies on £50bn Brexit bill hopes; US growth revised up – business live

Sterling is rallying amid reports that the UK has bowed to EU demands on the Brexit divorce bill, in an attempt to start discussing tradeLatest: US economy stronger than first thoughtIntroduction: Pound boosted by Brexit bill reportsSterling at 2-month high despite Irish border issuePolitics Live: Grayling says UK has obligations to pay 1.50pm GMT Economists are cheering the news that America’s economy expanded by 3.3% (annualised) in the last three months.This upward revision suggests the US is in decent shape.US Q3 GDP growth was revised up to 3.3% q/q (saar) – the strongest growth in 3 years. No sign of growth tapering off any time soon pic.twitter.com/Op4Pmrm7SyJust in: The US economy expanded 3.3% in Q3 (the hurricane quarter), up from 3.1% in Q2. Very strong growth that’s a good sign for Trump as biz investment is picking up.https://t.co/00d9nD9E8W #economyGDP revised up to 3.3% for Q3. It does make you wonder if we really do need tax reform. Economy has had two straight quarters of solid growth. Consumers spending. Market at all-time highs. Still maintain this is not all because of Trump but he can take a deserved victory lap. 1.36pm GMT BREAKING: America’s economy grew faster than expected in the third quarter of 2017.Fresh figures from the Commerce Department shows that US GDP expanded at an annualised rate of 3.3% in July-September, up from a first estimate of 3.0%.US GDP Revised Slightly Higher To 3.3% On An Annualized Basis In Q3 https://t.co/ZBUG1nXMr6 pic.twitter.com/TwCosgZlFv Continue reading…
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