Pound under pressure amid Brexit deadlock, but bitcoin zooms through $14,000 – business live

All the day’s economic and financial news, as City traders look for progress in the Brexit talks – and watch Bitcoin head ever higher

8.20am GMT

Geopolitical issues are high on the market’s agenda today, says Marc Ostwald of ADM Investor Services:

Politics will again be to the fore as UK government attempts to find some compromise on the hypersensitive issue of the Irish border, while the fall-out from Trump’s decision to recognise Jerusalem as Israel’s capital threatens to escalate already enormous tensions across the Middle East, and quite obviously contradicts UN resolution 478.

8.02am GMT

Last night’s price surge was remarkable, even by bitcoin’s recent standards:

Bitcoin:
$0000 – $1000: 1789 days
* * *
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 3 hours

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Source: theguardian
Pound under pressure amid Brexit deadlock, but bitcoin zooms through ,000 – business live