Sterling hits two-week low after warning about Brexit transition deal (news: 28/02/18)

Today's press

• Sterling hits two-week low after warning about Brexit transition deal

  LONDON (Reuters) - Sterling skidded to a two-week low on Wednesday after the EU’s chief Brexit negotiator said a transition deal was not guaranteed and Britain’s prime minister said the EU’s draft legal text would undermine the United Kingdom.

• Surge in imports helps curb U.S. economic growth in fourth quarter

  WASHINGTON (Reuters) - U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories.

• Chicago PMI Falls to 61.9 in February

  Investing.com - Growth in business activity in the Chicago region slowed to the lowest level in six months in February, according to data released on Wednesday.

• U.S. Pending Home Sales Fall in January

  Investing.com - A forward looking indicator of U.S. home sales fell in January, according to data released on Wednesday by the National Association of Realtors (NAR).

• India regains status as fastest growing major economy

  NEW DELHI (Reuters) - India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and services all picked up.

• We’ll flood market with lower naira denominations, says CBN

  The Central Bank of Nigeria, in a bid to address the acute shortage of lower denomination currencies, on Tuesday commenced an exercise aimed at flooding the market with N100, N50, N20, N10 and N5 notes.

• Bitcoin Brushes $11K as Bull Case Strengthens

  Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the month, but could still enter March on a positive note.