BREAKING NEWS

Pound sterling

Business

Bank of England drops planned UK interest rate cut

The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.

The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.

Business

Microsoft to raise prices over Brexit vote linked pound slump

Microsoft is to sharply increase the prices for some of its enterprise software and cloud storage in Britain after the value of the pound plunged.

Microsoft is to sharply increase the prices for some of its enterprise software and cloud storage in Britain after the value of the pound plunged.

Business

Ryanair blames weaker pound for profit forecast cut

The weaker pound has led Ryanair to cut its annual profit forecast but it expects to boost market share by selling more tickets at cheaper prices.

The weaker pound has led Ryanair to cut its annual profit forecast but it expects to boost market share by selling more tickets at cheaper prices.

Business

UK consumers says 'Brexit vote - so what?'

A new survey finds British consumers were at their most confident in five years in September, though not in London which mostly voted against Brexit.

A new survey finds British consumers were at their most confident in five years in September, though not in London which mostly voted against Brexit.

News

Six knock-on effects of a plummeting pound

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

The slumping value of the pound has an effect on tourism, foreign workers in the UK, exporters and expats.

News

Price row prompts shortage of Marmite, the UK's stalwart food

The UK's largest supermarket chain Tesco and one its major suppliers, Unilever, have settled a price war on more than a dozen products.

The UK's largest supermarket chain Tesco and one its major suppliers, Unilever, have settled a price war on more than a dozen products.

Business

Pound's Brexit vote battering continues

Experts see no end to sterling's fall in value against other currencies due to worries over the effects of the UK's vote to leave the European Union.

Experts see no end to sterling's fall in value against other currencies due to worries over the effects of the UK's vote to leave the European Union.

Business

Brexit vote fears hit UK business sentiment

The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers.

The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers.

Business

Pound hammered by flash crash

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

The pound suffered a massive temporary loss in value overnight, diving 10 percent against the dollar in just minutes - a so-called flash crash.

Business

Plastic fantastic - Britain unveils polymer banknotes

Britain has introduced its first plastic currency with a new five pound banknote entering circulation featuring World War Two leader Winston Churchill.

Britain has introduced its first plastic currency with a new five pound banknote entering circulation featuring World War Two leader Winston Churchill.

Business

Slumping post-Brexit pound to hit Eurotunnel profit

Eurotunnel has lowered its profit forecast for 2016 and 2017 because the Brexit vote caused the value of the pound to drop.

Eurotunnel has lowered its profit forecast for 2016 and 2017 because the Brexit vote caused the value of the pound to drop.

Business

Pound boosted by UK leadership change

Britain's leadership change, with Theresa May taking over from David Cameron, has boosted the value of the pound, but not by much as foreign exchange traders believe it will fall further.

Britain's leadership change, with Theresa May taking over from David Cameron, has boosted the value of the pound, but not by much as foreign exchange traders believe it will fall further.

Business

Pound hits new post-Brexit low

The pound has slumped further in reaction to the UK's vote to leave the European Union, at one stage slipping below $1.28 in trading in Asia. The euro is also weak.

The pound has slumped further in reaction to the UK's vote to leave the European Union, at one stage slipping below $1.28 in trading in Asia. The euro is also weak.

Business

British holidaymakers in dash to change cash

As summer gets into full swing its time for British holidaymakers to cash in their pounds for euros and dollars.

As summer gets into full swing its time for British holidaymakers to cash in their pounds for euros and dollars.

Business

Beach holidays boost profit forecast for Easyjet

Beach holidays have boosted the annual profit growth forecast for Easyjet. The low cost airline predicts a growth of seven to 14 percent for the year

Beach holidays have boosted the annual profit growth forecast for Easyjet. The low cost airline predicts a growth of seven to 14 percent for the year

News

Britain's new £1 coin is 'most secure in the world'

This is the new £1 coin set to be introduced in the UK and billed as the ‘most secure in the world’. It has been brought in amid concerns the

This is the new £1 coin set to be introduced in the UK and billed as the ‘most secure in the world’. It has been brought in amid concerns the

Business

Facing up to paying

Paying for goods and services just using a smartphone app is becoming a reality. Paypal is trialling a new facial recognition system in the UK which

Paying for goods and services just using a smartphone app is becoming a reality. Paypal is trialling a new facial recognition system in the UK which

Business

Euro's problems boost sterling

The euro fell to a fresh nine-month low against the British pound on Tuesday. The single European currency is being sold off by investors

The euro fell to a fresh nine-month low against the British pound on Tuesday. The single European currency is being sold off by investors

Business

UK inflation leaps to 3.7 percent

A surge in oil prices drove British consumer price inflation up far more than expected in December to an eight month high of 3.7 percent. That is

A surge in oil prices drove British consumer price inflation up far more than expected in December to an eight month high of 3.7 percent. That is

News

Dublin doubts euro-shoppers' patriotism

Irish shoppers are crossing a border to save money in Northern Ireland. Their euro is strong where the UK pound is weak. On both sides people blame

Irish shoppers are crossing a border to save money in Northern Ireland. Their euro is strong where the UK pound is weak. On both sides people blame

News

Pound under pressure; record low against euro

The pound fell to a record low against the euro and, at some exchange outlets, travellers heading to Europe from the UK were getting less than one

The pound fell to a record low against the euro and, at some exchange outlets, travellers heading to Europe from the UK were getting less than one