GBP Financial News

It was least expected that the US Dollar index would give a breakdown on the chart below strong support of 100.50. And onto it, it was again least expected that the breakdown will be a false one. As the pair bottomed out near 99.50 and jumped sharply above 102.80 levels, the traders are into curious contemplation on the outlook.

Harry Maguire and Southampton’s midfielder James Ward Prowse. Each deal is thought to be worth about GBP 30 million.

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Sustainable Development Goals (SDGs). From India, Akshay Makar has been shortlisted under SDG13 Climate Action, Soumya Dabriwal SDG 5 Gender Equality, Kaushal Shetty SDG 11 Sustainable Cities and Communities, and Shrutika Silswal SDG 4 Quality Education. «Each year, I am always amazed by the innovative and transformative work these young people are undertaking to create a better world for us all,» Baroness Patricia Scotland, Commonwealth Secretary-General.

Spotify has decided to hike its subscription rates. The company will increase its monthly subscription rate for individual plans by GBP 1 to GBP 10.99. For a premium duo plan, one has to pay GBP 14.99, and GBP 17.99 for a family plan.

This is important because the British government has said that stepping in to host the commonwealth games is ‘slightly ahead of time’. Which Commonwealth nation has come forward? New Zealand and another Australian state have said that they are not ready to host the multisports event. The Caribbean islands of Trinidad and Tobago are hosting the Commonwealth Youth Games from August 4 to August 11. More than one thousand athletes between the age of 14 and 18 are expected to participate in the youth games. As they have the infrastructure ready and have invested a lot, they may be ready to host the event, but the Caribbean islands are yet to make an offer. London Mayor Sadiq Khan has shown interest in hosting the match considering the fact that GBP 500 is less than what it may cost in other countries to host such a massive event. He has said that London ‘stands ready’ to host the games, but he added that it is up to the government to submit the bid. But the government wants Australia to take the responsibility.Indian Olympic General Secretary Rajiv Mehta has said that India is interested in holding the 2026 Commonwealth Games. The Malaysian state of Selangor has also shown interest in hosting the games. The Malaysian city of Kuala Lumpur hosted the event in 1998. Sri Lanka was preparing in November 2020 to offer to host the 2026 Commonwealth Games in Hambantota. Similarly, the Canadian city of Victoria too has said that it can host the games. Canada hosted the Commonwealth Games in 1994.

Postecoglou’s first match as the manager of Tottenham was when the Spurs clashed with Westham. But David Moyes’ side did not allow him to get the honour of beating them. This match is significant for Leicester as they have lined up preseason matches with Lion City Sailors, Shakhtar Donetsk and Barcelona. Their performance last year was really bad and they want to come out of this bad patch.

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Migration Bill, instrumental to Prime Minister Rishi Sunak's pledge to «stop the boats» of illegal migrants entering the country's shores, has cleared its long-drawn parliamentary hurdle and will soon become law after Royal Assent from King Charles III. Under the bill, the UK's Home Secretary will have a legal duty to detain and remove anyone entering the UK illegally.

Trans-Pacific Partnership (CPTPP) trade bloc, a move it says will help grow the country's economy and provide access for British businesses to a market of over 500 million people. UK Business and Trade Secretary Kemi Badenoch, who is also leading the ongoing free trade agreement (FTA) negotiations with India, signed the pact agreed earlier this year during a visit to Auckland and hailed it as a major post-Brexit win for the country.

West Ham midfielder Declan Rice for GBP 105 million. The contract is made up of GBP 100 million initial fee and GBP 5 million performance-based payment. This is the highest amount any English club has paid for any English football player.

McEnroe to take on Bjorn Borg in Wimbledon? If media reports are to be believed McEnroe asked the All-England Club if he could play against Borg after the Saturday matches are over. But his request was turned down. The All-England Club cannot bend its rules for anyone, however great he may be.

The unions have called for a strike demanding higher wages and better service conditions. The staff are not employed by Gatwick Airport, they work for four companies- ASC, GGS, DHL Services, and Menzies Aviation. The representatives of the DHL Services and Unite are holding talks to resolve the issue and avoid the strike. But there are problems as Unite has rejected a demand for an 11 percent hike in wages. A spokesperson for Menzies Airlines said that this hike is in addition to the pay revision of 2022. But he said that negotiations are being held and both sides want to avoid the strike. But the unions point out that most of the workers get an average of GBP 12 per hour and work in difficult and demanding conditions. Many companies cut many jobs and many roles were made redundant during the pandemic. Now they are denying the much-awaited pay hike. The experts feel that if the strike takes place, it will further complicate the issue and put the British aviation industry under pressure as it is already under strain due to limited air space caused by Russia-Ukraine War. Besides, workers in air traffic controls are also planning a strike. It may force some airlines to cut flights. EasyJet has already canceled more than 1,700 flights. Airlines strike is looming large at a time there have been several strikes in other sectors like nursing, railways, metro services, Border Force staff, and Civil Services. They all are demanding increased wages as the living cost has gone up in the country.

France, but the whole world as the slogan of ‘Liberty, Equality, Fraternity’ reverberated across the world. That day is celebrated every year as Bastille Day the national day in France. It is marked by a military parade, fireworks, concerts, musical performances and feasts. It is called ‘la fete de nationale’. Fee de Federation is celebrated every year with pomp and show, much more merriment, and a national holiday is declared. A military parade is held every year on Bastille Day in Paris, in which servicemen and women from all branches of French defense participate. French President takes salutes from the servicemen in the presence of diplomatic corps, administrative bigwigs, and foreign dignitaries. French Air Force fighter planes take part in flypast. Indian Prime Minister Narendra Mosi was the guest of honor on Bastille Day 2023. He saluted the 269-strong triservice contingent of the Indian military. Indian Air Force planes also joined the flypast this year in the presence of French President Emmanuel Macron and the Indian Prime Minister. The French embassy in the U.K. has launched Bastille Day Menu 2023 with videos of French chefs showing their culinary expertise. A special event is held in London on Bastille Day when one can enjoy a welcome drink, DJ music, champagne deal, and much more for just GBP 15. Putney Pantry offers sumptuous food, and champagne, with The Buckingham Trio performing jazz classics from French pianist and composer Michel Legrande. Besides, Le Pont de la Tour Bastille Part with Mirabeau Rose, oysters, canapes, and music on the side of the river.

Arsenal are trying to sign Bitello. They have sent a representative to Brazil with an offer of GBP 10 million. Though the Gunners have almost sealed a deal with West Ham to take Declan Rice for GBP 105 million, they want to fill the gap created by the exit of Granit Xhaka, who has signed a GBP 21.5 million deal with Bayer Leverkusen. Arsenal have kept an eye on Bitello’s performance in the season and they will now have a close watch on the match between Gremio and Bahia on Wednesday. All eyes are set on Gremio which own 70 percent rights of Bitello and want GBP 10 million as the transfer fee. Bitello’s former club FC Cascave own the remaining 30 percent rights of the player and they play in the fourth tier in Brazil. Bitello is yet to play for the Brazilian National Team, he has excelled in centre forward, but he can play anywhere in the midfield. He scored seven goals and assisted in three other goals in his 33 appearances for Gremio this season. He will continue to play for the rest of this season even if Gremio sign a deal for his transfer. Arsenal are also holding talks with Ajax to sign a deal for the transfer of Jurrien Timber for GBP 40 million.

Mel Stride has urged the MPs not to name the BBC presenter who has been accused of paying money to a teenager for his sexually explicit pictures. Cautioning against parliamentary privilege, he told SKY TV that the facts have changed recently, and the MPs should use the privilege sparingly. The parliamentary privileges include the right to speak in the house freely without coming under the law related to slander.

BBC has suspended its presenter Jon Kay after he was charged with paying a teenager for sexually explicit pictures. London Metropolitan Police has confirmed receiving the complaint but said that it needed more information before deciding on the next course of action. The mother of the teenage boy has said that the television presenter paid his son GBP 35,000 for his nude pictures.

₹25 crore compensation from the company in the United Kingdom, after her bullying claim was upheld. The compensation settlements is being dubbed as one of the largest made till date.  The employee Kam Jhuti, had claimed that she had been intimidated and harassed by her boss after she raised concerns that a colleague had secured their bonus illegitimately. The claim made dates back to an incident eight years ago.

BoE Gov Bailey Speaks (on July 09): Bank of England (BOE) Governor Andrew Bailey (Mar 2020 - Mar 2028) is to speak. As head of the BOE's Monetary Policy Committee (MPC) which controls short term interest rates, Bailey has more influence over sterling's value than any other person. Traders scrutinize his public engagements for clues regarding future monetary policy.

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Nigel Farage, the man known for his Brexit campaign. Coutts has said that the former Independent Party chief has fallen below the financial threshold for holding an account with the bank. But Farage has said that the decision was politically motivated and it will affect his future career.