Giving mps more clout to prevent a no deal exit from the eu, that bill will be voted on later today. Thats led the pm to push for a snap election all this uncertainty hitting Global Investors and currency traders. Let me talk you through some of the impact it has had. Yesterday, the pound fell to below 1. 20 against the dollar, its lowest level in three years. As you can see here, the pound was trading at about 1. 50 before the Eu Referendum in june 2016. Sterling has lost nearly 20 of its value since britain voted to leave the referendum. Data from the office for National Statistics show the uk economy shrank by 0. 2 between april and june for the First Time Since 2012. And uncertainty over how britain will trade with europe is affecting uk business, as many adopt a wait and see approach. The society of Motor Manufacturers and traders says investment in the car industry is down by almost 75 to just 108m in the First Six Months of the year. Uncertainties surrounding britains chaotic ex
Technology is proving problematic. Well explain why. We took it with the main issues gcioss we took it with the main issues across the Financial Markets in europe. Style and substance. We meet the man who designs everything from jewellery to furniture, from bikes to video games. But what exactly makes good design . Complaints about british betting firms have soared 5000 in 5 years and last year gamblers lost a record £14. 5bn. So is gambling too easy . Should more be done to keep players safe . Let us know just use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. Thank you for your comments on gambling. One asked if it is so easy why have they lost 1a billion plans . Good point. We start in hong kong, where its the tenth week in a row for demonstrations and increasingly businesses are having to choose between staffs right to protest and not upsetting beijing. Over the weekend, hong kongs flagship carrier Cathay Pacific fired two airport employees a
Europes largest economy, germany, will release its growth figures for the Second Quarter in an hour and a half. A global slowdown accompanied by tariff disputes and uncertainty over brexit has impacted growth across western europe which may hit the German Economy which is heavily dependent on exports. Industrial production fell 5. 2 this year the worst drop in a decade. The German Economy is heavily reliant on manufacturing. And challenges to the mammoth carmakers in the country are a big driver downwards. A slowdown in china is hitting sales. New car sales shrank by 2. 8 last year in the country which is the second biggest car market in the world. And tensions between the us and china are having a knock on effect. And then theres the big question mark over brexit. While there isnt a direct impact between germany and the uk there years of uncertainty has had an impact on investment and sales throughout europe and britain. Christel aranda hassel, chief european economist mizuho internat
Cheers from Financial Markets after the us delays imposing some tariffs on a whole host of chinese imports, but how long will the optimism last . That is after that vital christmas and new year shop. We will talk you through that. Markets in europe have been trading for hafner and are all headed lower. We will explain why. Also come. Trading for half an hour. And standing out from the crowd with no shortage of tech firms promising to change our lives, we meet the woman charged with promoting the uks tech sector to the world. And what does your voice say about you . With more and more banks, doctors and call centres using Voice Recognition to determine if you really are who you say you are, we want to know are you happy for your voice to be used as your digital fingerprint . Let us know just use the hashtag bbcbizlive. Good to have you with us. We are looking at the German Economy. It shrank in the Second Quarter, dragged down by a slump in exports, preliminary data shows. Manufacturers
Catch everyones attention. Markets. Its a huge day for uk politics, because in a few hours from now, the conservative party will have a new leader. The markets and investors will be keeping a close eye on developments, to see how the change of leadership will effect post brexit trade negotiations. So far, the uk has agreed continuity deals with 12 countries and regions. These include a group of countries from south america and the caribbean, and agreements with norway and switzerland as well as others. The total value of these deals is around 91; billion. Injune, the uk signed an outline Free Trade Agreement with south korea, which would look to maintain the current deal. Trade between the two countries is currently around 10 billion a year. Mutual recognition agreements have also been reached with the united states, australia and new zealand. These deals are not Free Trade Agreements, but similar to current deals these countries have with the European Union. Last year trade between th