What will happen to sterling against the US dollar when Prime Minister Theresa May triggers Article 50? We asked the experts March 13, 2017 Now the Budget is out of the way with barely a mention of Brexit, currency traders’ attentions can turn to the next big set-piece event in the political calendar: the moment Prime Minister Theresa May triggers Article 50. May could notify the EU as soon as tomorrow if MPs in the House of Commons vote [...]
The price of gold has fallen below $1,200 ahead of the Fed’s next decision March 10, 2017 Global commodities are taking a battering this week. After oil prices fell below the critical $50 a barrel point yesterday, gold has now dipped lower than $1,200 an ounce. The safe have asset has fallen 0.57 per cent, or $6.90, to $1,196.30 per ounce for the first time in more than a month. Miners of the yellow metal [...]
Lame duck or eurosceptic: France is in trouble whoever wins the presidency March 10, 2017 I’m back in Paris for a fleeting visit while the markets wonder whether Marine Le Pen – leader of the extreme right Front National – can win the second turn of the French presidential elections in May and destroy the European Union. It’s a 17 hour escapade to interview Jamie Dimon of JP Morgan, former ECB [...]
Why we now expect three US interest rate rises in 2017 March 8, 2017 How fast will US interest rates rise? Keith Wade, chief economist at Schroders, explains why the outlook has changed. With markets seemingly relaxed in the face of a March US rate hike, the Federal Reserve may be emboldened into more rate rises later this year. Following a speech by Fed chairman Janet Yellen last [...]
Exclusive: Apprentice star Lord Sugar says “Labour is dead”, Amazon should pay more in business rates and no one understands Brexit March 7, 2017 Apprentice star Lord Sugar has slammed Jeremy Corbyn for "destroying the Labour party". Speaking exclusively to City A.M., the billionaire entrepreneur said: "I think Jeremy Corbyn is totally useless and he’s destroyed the Labour party. It’s finished. It’s dead. They’ve got to find a new leader. "They need to kick him out but he’s so belligerent he [...]
West Ham United 1, Chelsea 2: Antonio Conte praises Blues for handing title pressure March 6, 2017 West Ham United 1, Chelsea 2 Chelsea manager Antonio Conte praised his team for withstanding pressure from their title rivals after they re-established a 10-point lead atop the Premier League with a clinical dismantling of West Ham. The Blues took hold of the contest when Eden Hazard finished a rapier counter-attack and tightened their grip [...]
Tottenham Hotspur 3, Everton 2: Spurs manager Mauricio Pochettino tips his side for glory after they set new record March 5, 2017 Tottenham Hotspur 3, Everton 2 Tottenham manager Mauricio Pochettino believes his team are on the threshold of an era of success after they set a new club record for consecutive Premier League wins at White Hart Lane on Sunday. Strike Harry Kane struck twice to take his tally to 14 goals in 12 matches while [...]
The world-famous ski resorts of Vail and Breckenridge are enjoying huge investment. We head up into the Rockies to investigate March 3, 2017 So famous are the Back Bowls of Vail in the skiing world that, this being America, you would expect them to be trademarked. To anyone who loves the rush of downhill skiing, these giant geological saucers 3.5 kilometres up the Rocky Mountains of Colorado, are the Holy Grail of winter sports. In size and scale [...]
Growth in the US service sector hit a five-month low in February March 3, 2017 US services experienced a slowdown in February, as growth dipped to a five-month low with companies becoming more cautious about spending and hiring. IHS Markit's US services purchasing managers' index (PMI) fell to 53.8, but the indicator still signals healthy expansion of output in the world's largest economy – any figure below 50 denotes contraction. The [...]
Bitcoin is now worth more than gold as the US dollar strengthens March 3, 2017 The price of bitcoin has overtaken gold today for the first time ever. The cryptocurrency was up to $1,275.15 this morning, while the price of gold dropped 0.35 per cent to $1,228.60 per ounce. Bitcoin has already had a tumultuous year as fears the Chinese government was moving to outlaw it dampened investor interest. But now the currency's price [...]