The pound strengthened on Monday, supported by political turbulence in France and Japan, reaching its highest level against the euro in nearly four weeks.
The pound strengthened on Monday, supported by political turbulence in France and Japan, reaching its highest level against the euro in nearly four weeks.
FTSE 100 reaches one-month high as US-China tariff pause lifts global markets
The FTSE 100 underperformed its European and Asian counterparts in early trading after Donald Trump unveiled plans to slash prescription drug prices in the US.
European markets rally as US-China tariff pause lifts sentiment
Downing Street has rejected Rachel Reeves’ suggestion that Donald Trump was responsible for Britain’s economic underperformance.
Rachel Reeves faces a looming £20bn deficit in public finances, driven by soaring interest rates and weakening economic growth, economists at JP Morgan warn.
Rachel Reeves has been accused of “dragging the economy into stagnation” with her reference to a “£22bn black hole” in the public finances. Official data revealed that November’s growth fell
The Chancellor’s decision to travel to China while bond markets turn against Britain highlights a much larger issue, and it’s not a positive signal.
The British pound has fallen to a nine-month low amid a significant rise in government borrowing costs, pushing Chancellor Rachel Reeves close to breaching her own fiscal rules.
The pound inched closer to its highest level against the euro since Brexit as ongoing struggles in major European economies weighed on the single currency.
The pound has climbed to its highest level against the euro in two and a half years, driven by expectations of interest rate cuts to bolster the struggling European economy.