Economic News | The UK Economy | LondonLovesBusiness https://londonlovesbusiness.com/business-news/economic/ Business News Sat, 09 Sep 2023 07:50:14 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Economic News | The UK Economy | LondonLovesBusiness https://londonlovesbusiness.com/business-news/economic/ 32 32 Cryptocurrencies rise with positive notes from major investors https://londonlovesbusiness.com/cryptocurrencies-rise-with-positive-notes-from-major-investors/ Sat, 09 Sep 2023 07:50:14 +0000 https://londonlovesbusiness.com/?p=142453 Cryptocurrency market was able to achieve some gains towards the end of this week, led by Bitcoin, which reached its highest levels in a week, reaching the level of $26,276…

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]]> Pubs and restaurants prepare for bumper weekend after gloomy summer https://londonlovesbusiness.com/pubs-and-restaurants-prepare-for-bumper-weekend-after-gloomy-summer/ Sat, 09 Sep 2023 07:46:17 +0000 https://londonlovesbusiness.com/?p=142451 After a miserable summer, British pubs, restaurants, bars and clubs are prepping for a bumper weekend as the sun entices customers out to their favourite local spots. With temperatures set…

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]]> The EUR/USD is heading for more losses amid global factors and events https://londonlovesbusiness.com/the-eur-usd-is-heading-for-more-losses-amid-global-factors-and-events/ Sat, 09 Sep 2023 07:42:14 +0000 https://londonlovesbusiness.com/?p=142449 The Euro to US Dollar exchange rates were trending lower on Friday, with the dollar continuing its path to achieve its longest weekly winning streak in nine years during Friday’s…

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]]> US stock market sees risks ahead https://londonlovesbusiness.com/us-stock-market-sees-risks-ahead/ Fri, 08 Sep 2023 09:50:17 +0000 https://londonlovesbusiness.com/?p=142429 The US stock market has recorded a negative week with some price corrections potentially ahead still as traders consider economic data and the trajectory of monetary policy. While the market…

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]]> Gold weighed by US economic resilience https://londonlovesbusiness.com/gold-weighed-by-us-economic-resilience/ Fri, 08 Sep 2023 06:27:55 +0000 https://londonlovesbusiness.com/?p=142392 We saw gold ounce price recover on Thursday from 1917$ to 1923$ and dropping back to 1917 after the economic data releases of this afternoon. Gold prices remained under pressure…

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]]> Parents hit with higher back to school costs this year https://londonlovesbusiness.com/parents-hit-with-higher-back-to-school-costs-this-year/ Fri, 08 Sep 2023 05:38:26 +0000 https://londonlovesbusiness.com/?p=142404 Research by easyMoney has shown that parents are facing far higher back to school costs this year, as everything from pens to clothing, packed lunches and school dinners have increased…

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]]> Aldi on the hunt for more locations to build 500 new stores amid ‘huge demand’ https://londonlovesbusiness.com/aldi-on-the-hunt-for-more-locations-to-build-500-new-stores-amid-huge-demand/ Thu, 07 Sep 2023 13:52:11 +0000 https://londonlovesbusiness.com/?p=142381 The discount retailer Aldi has said that they want to open 500 more stores to meet the “huge demand” as shoppers are switching supermarkets to find cheaper prices amid the…

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]]> British Pound continues to bleed and is heading for a two-month low https://londonlovesbusiness.com/british-pound-continues-to-bleed-and-is-heading-for-a-two-month-low/ Thu, 07 Sep 2023 13:12:50 +0000 https://londonlovesbusiness.com/?p=142367 The pound continues to decline today towards its lowest levels in two months, with it reaching the level of 1.24581 against the US dollar (GBP/USD) at around 8:30 am GMT.…

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]]> Bitcoin price expectations: Drop could reach $20,000 for this reason https://londonlovesbusiness.com/bitcoin-price-expectations-drop-could-reach-20000-for-this-reason/ Thu, 07 Sep 2023 12:06:26 +0000 https://londonlovesbusiness.com/?p=142358 Bitcoin prices are currently in an extremely volatile state, with the price still slightly above the weak support around the $25,000 region. A breach of this support could lead to…

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]]> Small businesses across the capital are owed £33,000 with 53% at risk of folding https://londonlovesbusiness.com/small-businesses-across-the-capital-are-owed-33000-with-53-at-risk-of-folding/ Thu, 07 Sep 2023 07:12:28 +0000 https://londonlovesbusiness.com/?p=142324 Small and medium sized businesses (SMBs) in London are currently owed an average of £32,709 in late payments, according to new research from Intuit QuickBooks (compared to a UK average…

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