Pound Off Lows But Still Under Pressure as Brexit Showdown Looms

Photographer: Miles Willis/Bloomberg wouldn’t delay the country’s exit from the European Union, and left the The pound may not have much room to recover for now, according to Valentin Marinov, head of G-10 currency strategy at Credit Agricole CIB, who says Johnson is laying the groundwork for a confrontation with the House on Tuesday. “Risks of an early vote are still on the table,” Marinov wrote in an email, noting that the prime minister’s speech hadn’t sustained the pound’s rally. Sterling remains 0.78% lower on the day versus the dollar, and around 90.92 pence versus the euro. The currency may drop as low as $1.10 if a mandate is secured for a no-deal departure from the EU, according to Lee …

Symphony, a messaging app thats been a hit with Wall Street, raises $165M at a $1.4B valuation

Slack’s rapid rise and upcoming IPO are clear signs of the ripe opportunity to be had in the field of enterprise messaging. Today, a startup that’s built a messaging product specifically for the financial services vertical is also proving that out. Symphony, which offers secure messaging and other collaboration tools for bankers and those who work with them, is today announcing that it has raised $165 million. With this round, Symphony’s valuation now tops $1.4 billion. The funding comes from Standard Chartered and MUFG Innovation Partners (a division of Mitsubishi that makes fintech investments), and also included other (unnamed) current and new investors. Symphony has now raised a very hefty $460 million, with previous backers including Google, Lakestar, Natixis, Societe Generale, UBS, …

How to prepare for an investment apocalypse

Micah Rosenbloom Original Article : HERE ; This post was curated & posted using : RealSpecific