Day: October 10, 2016

    After a disastrous week that saw the pound repeatedly mark new 31-year lows against the dollar, sterling is falling against the greenback again on Monday morning. Here is how it looks at just after 7.10 a.m. BST (2.10 a.m. ET). The red line represents where the pairing started the day, while the black line is where we are now: If you discount Thursday night's "flash crash" — which was reportedly so bad because of low liquidity — there is still a clear downward trend for sterling, with no clear sign of the bottom. Here is sterling against the pound across the last week: HSBC's chief currency strategist David Bloom said in a note last week that he expects the pound to reach $1.20 by the end of the year and warns the currency has become a political football for "vigilante" cu...

    Britain is seeking to shift the frontline of immigration controls to Ireland’s ports and airports to avoid having to introduce a “hard border” between north and south after the UK leaves the European Union, the Guardian has learned. The Northern Ireland secretary, James Brokenshire, has told the Guardian that London and Dublin will work to strengthen Ireland’s external borders in order to combat illegal migration into the UK once it leaves the European Union. In an interview, Brokenshire said there was now a “high level of collaboration on a joint programme of work” between the two states to control immigration. “We have put in place a range of measures to further combat illegal migration working closely with the Irish government,” Brokenshire said. “Our focus is to streng...

    A British glamour model name Kimberley Miners is on an Islamic State terror watch by U.K. authorities after she exchanged messages with a known ISIS recruiter on social media. Ex-model Kimberley Miners, who has modelled for publications such as The Sun, is alleged to have used Facebook under the alias Aisha Lauren al-Britaniya to communicate with Abu Usamah al-Britani in Syria, who has been trying to recruit a new group of jihadi brides from the West. Authorities are investigating the issue following her social media activities of “liking” and sharing ISIS videos. Anti-terrorist police and MI5 have warned her that she could face arrest if she continued her activities. However, she insists that she only cares about the plight of the Syrian children. The model, who has been ...