BloombergPound to euro exchange rate Bloomberg data showed sterling opened on 1.1260 this morning
13 January, 2018, 05:26
The pound also climbed against the euro (GBP/EUR), reaching highs of 1.1291.
Sterling climbs to its highest level since the Brexit referendum on Friday. Today Bloomberg reported that Spanish and Dutch finance ministers are going to work closely in an attempt to obtain a Brexit deal that allows the United Kingdom to remain as close to the European Union as possible.
Spanish economy minister Luis de Guindos and his Dutch equivalent Wopke Hoekstra met throughout the week to discuss their Brexit positions as both nations became concerned about the potential impact from higher tariffs and the implications of any agreement for the European Union budget, Bloomberg reported.
"Reports of progress in Germany's coalition talks saw the dollar weaken this morning as the euro rallied to a three-year high, while the pound later jumped on reports that Spain and the Netherlands favour a soft Brexit". The pound held on to most of those gains. Sterling's rally came after news that European countries Spain and the Netherlands would be open to the United Kingdom having a softer Brexit. "I doubt it's as straightforward as that", he said.
Some traders expect Britain to secure a transition deal to leave the bloc soon, which could help lift sterling higher. Visit MarketWatch.com for more information on this news.
The FTSE 100.FTSE briefly fell into negative territory and touched its session low before rebounding and closing higher. Five-year gilt yields GB5YT=RR rose more than 6 basis points on the day to 0.885 percent, matching the post-Brexit vote high of 0.885 percent set on October 25.
It has not been this high versus the dollar since the result of the EU Referendum in June 2016, which sent the exchange rate plunging to $1.50 to the pound. Still, the rally was greeted with caution even by top sterling bulls, who said a more meaningful development is needed to maintain the currency's strength.
Still, the optics aren't good on this, and show the limitations bitcoin and other cryptocurrencies face to become more mainstream. In fact, it has gotten so bad that even a major bitcoin conference has stopped accepting bitcoin payments for tickets altogether.
The institutional investor owned 536,709 shares of the railroad operator's stock after selling 2,272 shares during the period. The railroad operator reported $1.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.01.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The company reported $1.63 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.19.
From filmmaker Gotham Chopra , the six-episode series tracks 40 year-old Brady and his quest for a record 6th Super Bowl title. And Belichick made it very clear that coaching against LeBeau is not something he enjoys.
Kela's salary is $1.2 million, up from $543,210, and Profar will make $1.05 million, an increase from $1,005,000. Still, he managed to hit 33 home runs and drive in 78 runs in under 500 plate appearances.
However, Gartner analysts said there were some signs for optimism. "PCs are no longer popular holiday gift items", Kitagawa said. Currently, Western Digital sports a Zacks Rank #1 (Strong Buy), while Seagate carries a Zacks Rank #2 (Buy).
Pacific Crest maintained the stock with "Overweight" rating in Wednesday, January 13 report. $578,740 worth of Cisco Systems, Inc. According to their observations and findings, the stock could provide a high EPS of $0.61/share and a low EPS of $0.58/share.
Brandywine Global Investment Ltd Liability has 0.09% invested in Bristol-Myers Squibb Company ( NYSE : BMY ) for 221,250 shares. The California-based Osborne Prns Limited Liability has invested 0.92% in Bristol-Myers Squibb Company ( NYSE : BMY ).
Also new as of December 12, Three of Coins is a four-hour buff that increases the odds of Exotic engrams dropping in the wild. Bungie clarified their effectiveness , and they don't seem particularly worth the steep Legendary Shard cost at the moment.
NRF: Holiday Sales Exceed Expectations
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Raw pet food trend risks E.coli and Salmonella in owners
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B&M emerges as Christmas victor
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Emerson Electric (EMR) Lifted to Buy at Vertical Research
The investment managers in our partner's database now possess: 432.93 million shares, down from 440.67 million shares in 2017Q2. Eagle Global Advisors LLC's holdings in Emerson Electric Company were worth $708,000 as of its most recent filing with the SEC.