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Pound rises on Brexit 'progress' report

Pound rises on Brexit 'progress' report

Business
The pound has gained strongly against both the dollar and the euro following reports that the UK and Germany have made progress towards a Brexit deal.Sterling rose nearly 1% against the US currency and 0.5% against the euro after the reports on Bloomberg News.However, the pound later gave up some of its gains after London and Berlin both denied there had been any change.The agency said the German government was ready to accept a less detailed agreement on future UK-EU trade ties.The UK and Germany both denied any movement, while analysts warned the EU's stance was not decided by Berlin."Germany does not - despite its clear dominance of the bloc economically - actually speak for the EU position," said Neil Wilson, chief market analyst at Markets.com, "[Chi...
Pound rises as EU hints at 'ambitious' Brexit deal

Pound rises as EU hints at 'ambitious' Brexit deal

Business
The pound has risen to its highest level for weeks after the EU's chief Brexit negotiator said the UK could expect a partnership with Brussels "such as there never has been with any other third country". The deal may include an "ambitious free trade agreement" along with cooperation in aviation, security and foreign policy, Michel Barnier added.Nevertheless, the EU will not permit anything that damages its single market, he said."We respect Britain's red lines scrupulously," Mr Barnier said during a news conference in Berlin."In return, they must respect what we are. Single market means single market. There is no single market a la carte."Following his comments, the pound rose to more than $ 1.30 for the first time in over three weeks.Sterling jumped by a cent against the ...
Quake victims 'buried alive' as death toll rises

Quake victims 'buried alive' as death toll rises

World
The number of people killed in the aftermath of a powerful earthquake in Indonesia has risen to 131. Nearly 1,500 people have been injured, with 156,000 displaced after the tremors caused extensive damage to their homes. Image: 1,500 were injured by the quake, which happened on Sunday The 6.7-magnitude quake struck Lombok, an island neighbouring the popular tourist destination of Bali, on Sunday.Six days earlier, a 6.4-magnitude quake killed 16 people and weakened many structures. 0:48 ...
UK among worst for life expectancy rises

UK among worst for life expectancy rises

Health
Increases in life expectancy in the UK have stalled and the slowdown is one of the biggest among 20 of the world's leading economies, ONS data shows.Rises in life expectancy dropped from 12.9 weeks per year for women from 2006 to 2011 to 1.2 weeks per year from 2011 to 2016, its report found.This increase in life expectancy for women was the lowest of the 20 nations, while for men only the US was worse.There was also a slowdown in other countries across Europe and Australia. Sorry, your browser cannot display this map Throughout the 20th Century, the UK experienced steady improvements in life expectancy at birth.This has been attributed to healthier habits among the population as it ages, such as reduce...
Oil prices decline, stock market rises as trade war fears subside

Oil prices decline, stock market rises as trade war fears subside

Business
March 8 (UPI) -- U.S. crude oil prices were trading lower Thursday and stock index prices moved higher as possible tariff exemptions in Canada and Mexico eased trade war fears.Brent oil futures opened at 64.54 and were trading down 57 cents at 11 a.m. EST.The April crude oil futures started the session at 61.33 and were trading down by 78 cents.The stock market opened with losses but quickly rebounded. The Dow Jones Industrial Average was up 134 points at 9:45 a.m. and eased to being up 31 points at 11 a.m. On Wednesday, the Dow Jones Industrial Average ended 82.76 points lower to 24,801.36 after falling more than 300 points."Today's market action was impacted by the resignation of Gary Cohn. That creates uncertainty," Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, ...