Sterling falls by a cent against dollar after Tory leadership candidates’ backstop remarks The pound has fallen to its lowest level in more than two years after pledges by both Boris Johnson and Jeremy Hunt to ditch a key part of the UK-EU withdrawal agreement intensified City fears over a no-deal Brexit. Sterling fell by a cent against the US dollar after a Sun and Talkradio debate in which both the contenders to replace Theresa May in Downing Street said they would not accept a Northern...the Guardian
Rolling coverage of the latest economic and financial news, including reaction to the latest Chinese GDP reportIntroduction: China’s growth rate drops to 6.2%Lowest levels since records began in 1992But industrial production and retail sales have strengthened 11.51am BST The news that Alan Turing, the father of modern computing, will grace the new £50 is being well-received. Here’s Conservative MP Guy Opperman:Alan Turing a great choice for new £50 banknote https://t.co/bqjpfG1kHjAlan Turing...the Guardian
Trade optimism is pushing markets up despite weak factory data in the UK, the eurozone and ChinaLatest: UK factories suffer slump in JuneFactory PMI slumps to just 48.0, down from 49.2Earlier:FTSE 100 surges to highest since AprilIntroduction: US-China trade breakthrough cheers marketsAnalysts: Xi-Trump deal is cheering investors 11.21am BST The US stock market is expected to cheer the US-China trade truce when it opens, in just over three hours time. The Dow Jones industrial average is tipped...the Guardian
After years of buildup, 5G is finally here — albeit more as a trickle than a deluge. These things take time, of course. Carriers are adding coverage, city by city, promising dozens by year’s end. And as for hardware, early adopters have somewhere between one and three handsets to choose from, carrier-dependent. Indeed, 5G is [TechCrunch
Japanese big manufacturers' business confidence worsened to a nearly three-year low in the quarter to June, a central bank survey showed, in yet another sign of the growing economic toll exerted by slowing global demand and the U.S.-China trade war.CNBC
American teenager Cori Gauff is destined for the tennis top five in five years' time unless someone such as an agent, trainer or boyfriend blocks her path, seven-times Grand Slam champion Mats Wilander said.IN
American teenager Cori Gauff is destined for the tennis top five in five years' time unless someone such as an agent, trainer or boyfriend blocks her path, seven-times Grand Slam champion Mats Wilander said.U.S.