• Reuters

    Sterling dented by one-two punch from dollar and euro

    The pound neared its lowest in almost two months against a robust dollar on Tuesday, as the U.S. currency got a lift from a pop higher in Treasury yields, while the euro extended its modest rally over the last week. Investors in U.S. assets are contemplating the prospects of a second Donald Trump presidency, after President Joe Biden's faltering debate performance last week and Monday's Supreme Court ruling that the former president has broad immunity from prosecution over attempts to overturn his 2020 election loss, said Chris Weston, head of research at Pepperstone. European Central Bank President Christine Lagarde on Monday said the central bank was in no rush to cut interest rates, which gave the euro a boost against the pound the day before, but did little to lift the single European currency on Tuesday.

  • Evening Standard

    Revolut growth skyrockets as auditor BDO grants clean bill of health

    Revolut today edged a step closer on its mission to secure a UK banking licence after Britain’s biggest fintech posted a surge in profits and was given a clean bill of health by auditors. Revolut was also handed a squeaky-clean audit report by accountants BDO after two successive years of qualified opinions, in a major boost to the firm’s hopes of ending a three year-long wait to be handed a UK banking licence by financial watchdog, the Prudential Regulatory Authority. “We are continuing to work closely with the PRA on our UK banking licence application,” Revolut said.

  • Evening Standard

    Cristiano Ronaldo address emotional reaction as Portugal star outlines new retirement plan

    Selecao will face France in final eight