Category: Currencies

Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%The threat of higher taxes in next month’s budget and concerns about slowing economic growth pushed the...

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UK bond yields rise sharply amid speculation over future of Rachel Reeves

Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in postReeves will stay as chancellor, says No 10 after her tears in CommonsWhere does the welfare bill...

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Stocks tumble on Wall Street as Donald Trump’s sweeping tariffs send shockwaves through global markets – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy, as US dollar falls to six month low after US President Trump’s ‘liberation day’Full report: Trump announces sweeping new...

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European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial...

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European markets soar as Germany lifts ‘debt brake’ to raise defence spending

Berlin’s ‘big bazooka’ move sends industrial stocks surging but fiscal sea change also hikes borrowing costsBusiness live – German debt ‘bazooka’ rallies stocks and euroEuropean financial...

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McDonald’s sales fall for first time since 2020, as higher prices deter consumers – business live

Live, rolling coverage of business, economics and financial markets as McDonald’s faces pressure to cut prices and lure back customersA three month view of Bitcoin prices shows the steady price climb in recent weeks, which...

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Bitcoin hits six-week high after Donald Trump promises to end ‘persecution’ of crypto sector – business live

Live, rolling coverage of business, economics and financial markets as Bitcoin climbed more than 3% to its highest level since 12 JuneA three month view of Bitcoin prices shows the steady price climb in recent weeks, which was...

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Reported £20bn gap in public finances same size as Tories’ national insurance cuts, says economic expert – business live

Live, rolling coverage of business, economics and financial markets as UK chancellor Rachel Reeves is set to reveal state of the country’s public financesBritish two-year bond yields have hit their lowest level since May...

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Post Office management were ‘thugs in suits’, former Lib Dem leader Vince Cable tells inquiry – as it happened

Cable agrees with characterisation of leadership at state-owned body when he was business secretary from 2010-15 in testimony to hearings on Horizon IT scandalGreg Clark, the business secretary from 2016 to 2019, has begun to...

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