Category: Sterling

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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UK stocks rise and pound edges up as investors bet on Labour housebuilding

Housing stocks up 2.3%, with victory for Keir Starmer’s party deemed ‘a major positive’ for sectorMarkets left barely stirred by Labour’s thumping election winBusiness live – latest updatesGeneral...

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UK stocks rise and pound edges up as investors digest Labour election win

Housing stocks up 2.3%, with victory for Keir Starmer’s party deemed ‘a major positive’ for sectorBusiness live – latest updatesGeneral election 2024: live newsUK stocks rose and the pound edged higher on...

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Michael Gove has ‘zero sympathy’ for ‘arrogant’ Thames Water in funding crisis – business live

Live, rolling coverage of business, economics and financial markets as minister says water company’s leadership has been a ‘disgrace’The UK government has said it is prepared for “a range of...

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