Sterling rises on ‘thumbs-up’ hopes, as markets also wait for US midterm resultsLatest: Pound hits two-week high against US dollarBritain’s FTSE 100 down 60 pointsIntroduction: All eyes on the midtermsUS elections could hit shares, bonds or the US dollarDemocrat win could restrict tax cuts, trade wars 1.42pm GMT The pound has also nudged a five-month high against the euro, trading as high as €1.1465. 1.33pm GMT Bloomberg is impressed by the power of Dominic Raab’s thumb to move markets:The responsiveness of the pound to headlines may be well documented, but its sensitivity reached new highs Tuesday as it rallied on a mere hand gesture.Investors had been waiting for news on progress in the Brexit divorce talks with U.K. Prime Minister Theresa May gathering her Cabinet Tuesday morning. When BBC political editor Laura Kuenssberg tweeted that the Brexit Secretary Dominic Raab had said “thumbs up” on the way out of the meeting, it was enough to send the U.K. currency to the day’s high.The British pound rallies Tuesday on a mere hand gesture: a thumbs up https://t.co/z795saqvab pic.twitter.com/Sr9ZKLmtaV Continue reading…
Via: Pound hits two-week high after Brexit 'thumbs-up' – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…