Pound v Australian Dollar: GBP plummets against AUD as Labour closes gap in the polls

Sterling is currently at AU$1.739 against the Australian dollar, with GBP/AUD having slumped 0.44 per cent from around AU$1.747 at the start of this week’s trading session. GBP/AUD is in retreat this morning as Prime Minister Theresa May has found her lead in the polls greatly diminished following a lukewarm reception to the Tory manifesto. The More...

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By admin On Sunday, May 21st, 2017
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Jeweller Tiffany's sales improve after next door neighbour Donald Trump moved out

Sales at the firm’s Fifth Avenue store, immortalised in the 1961 classic film Breakfast At Tiffany’s, tumbled 7 per cent during the fourth quarter and 11 per cent for 2016 as a whole, due to the tight security More...

By admin On Saturday, May 20th, 2017
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UK manufacturing: Factories show fastest growth on orders for three years, says survey

Output growth picked up in the three months to May and along with exports are at their highest since December 2013, according to the Confederation of British Industry (CBI). Its survey of 432 manufacturers reported More...

By admin On Friday, May 19th, 2017
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Winter fuel allowance: Will I still get my winter fuel payment under a Tory government?

Middle-class and wealthy over 65s are the target of the money-saving measure, but it’s feared many poorer people could also see the payment of up to £300 axed. Critics said means-testing the payment risks More...

By admin On Thursday, May 18th, 2017
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State pension triple-lock AXED: Everything you need to know about Tory pension policy

The so-called triple lock means the payout rises by the higher of average wages, inflation or 2.5 per cent. But the Conservatives have confirmed the 2.5 per cent will be dropped after 2020. Tom McPhail, head More...

By admin On Wednesday, May 17th, 2017
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Spain's debt surges by almost £10BILLION with money owed more than 100 per cent of GDP

The Government owes more than 100 per cent of GDP, according to data published on Wednesday by the Bank of Spain. Along with high unemployment rates, debt is another huge task for the government to put an end More...

By admin On Tuesday, May 16th, 2017
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State pension age changes: Will Labour or the Conservatives increase the retirement age?

Pensions are a key battleground ahead of the election on June 8 as the Conservatives and Labour try to win over voters nearing retirement.  Will Labour increase the state pension age?  Jeremy Corbyn’s manifesto, More...

By admin On Monday, May 15th, 2017
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Australian dollar news: GBP/AUD down from 8-month high as British workers face pay squeeze

GBP/AUD is currently at AU$1.741, down from last week’s multi-month highs of AU$1.764. The data released by the Chartered Institute of Personnel and Development (CIPD) and the employment agency Adecco Group More...

By admin On Sunday, May 14th, 2017
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Stock market WARNING as Wall Street's 'fear index' plunges to lowest level in decades

The VIX index measures market volatility and falls when there is calm and rises in line with turmoil. In recent days, the index fell below 10, to hit the lowest level since 1993 when the index moved to 9.17. More...

By admin On Saturday, May 13th, 2017
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Buy-to-let landlords suffering tax increases plan to raise rents

Buy-to-let owners have been hit with a number of law changes over the past two years, which have forced rental investors to pay more money to HMRC. But it’s the economy and tenants that could end up paying More...