Author: Practicenet

Sterling gained ground following British prime minister Theresa May’s comments that she would seek further concessions from the EU on the Brexit Withdrawal Agreement. Britain’s pound had been volatile ahead of the statement, but later hit session highs against the US dollar after Mrs May promised to be more open with parliament in negotiating the […]

The political anoraks say one thing. Investors say another. That is how things are shaping up after a tumultuous week in British politics as Theresa May’s Brexit plan was shot down in flames. Arch Brexiteer Jacob Rees Mogg hosted a champagne party as his Grade II listed home following the bruising defeat of the May […]

The European Central Bank is expected to wait until the fourth quarter to raise its deposit rate, later than thought just a month ago, according to economists in a Reuters poll. The poll also showed that the chances of a euro zone recession have grown. Reuters polls since June 2018 have predicted that after ending […]

Dealing with an unregulated firm or product could leave you with nowhere to turn to if things go wrong. Most of us expect to have somewhere to turn for redress if things go wrong with a loan or investment. This isn’t always the case though. When you borrow money or invest in something, you usually […]

PayPal Holdings, the global online payments company, is extending Money Pools – its online community savings product – to Irish consumers. Money Pools allows users to set a group fundraising goal and then share that goal with a group. “We created Money Pools because we felt that there was a need for this type of […]

Some insurance products may no longer be available to Irish consumers if there is a no-deal Brexit, the Central Bank has warned. Deputy Governor Ed Sibley said this morning that the supply of “niche” products may reduce or end altogether. That’s because policies underwritten from the UK or Gibraltar will face more regulatory friction after […]

Two thirds of employers have opted not to interview someone who has had short-term jobs in the past. This is according to research from global job site Indeed. In seeking to define “job hopping”, on average employers consider six months to be a short-tenure to spend in a job, and employees consider 11 months a […]

Minister for Finance Paschal Donohoe has signalled possible changes to the start dates of major capital projects because of rising costs and labour shortages. At the Budget Oversight Committee, he said a much faster than expected rise in the number of large scale capital projects by the private sector was causing, leading to competition for […]

The pound steadied early this morning but remained on the backfoot following a volatile overnight session after British politicians defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin. The British parliament yesterday voted 432-202 against May’s deal, the worst parliamentary defeat for a government in recent British history. Investors’ short-term focus is […]

Taiwan objects to Britain’s proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters today. The EU has spoken for Britain on trade matters ever since the WTO was founded in 1995. As part of […]