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Tag: Bank Of England

European stocks lifted by deals but Iseq drops

European shares edged higher on Friday, capping off their longest weekly winning streak for more than three years as investors mulled a slew of mergers and acquisitions (M&A) activity. The pan-European STOXX 600 index ending up 0.1 per cent, scoring its seventh straight week of gains and the longest winning streak since March 2015. Dublin […]

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Sterling slips to five week low ahead of GDP data

Sterling slipped to a five-week low on Thursday as investors grew wary about the outlook for the British currency before a central bank meeting next month and the dollar consolidated gains after a sharp rally this week. The British currency edged 0.1 per cent lower at $1.3915, taking its losses so far this month to […]

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Rising US Treasury yields affect shares as Europe edges ahead

European shares edged up on Monday as a rise in US Treasury yields helped lift bank stocks to nearly five-week highs, more than offsetting a disappointing update from UBS and losses among bond-proxy sectors. London’s blue-chip index made gains as the pound continued to fall on expectations that the Bank of England would delay an […]

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Sterling rises further after UK-EU announce draft transition pact

Sterling added to its gains just after midday on Monday after UK and EU leaders struck a preliminary agreement for a 21-month Brexit transition. The UK currency was up 0.98 per cent on the US dollar at $1.4078. It climbed 0.72 per cent on the common currency, to € 1.1420. Britain and the EU on […]

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Sterling gains on Brexit optimism at start of pivotal week

Sterling gained on Monday ahead of a pivotal week in which Britain expects to agree a transition deal with the European Union for the period immediately after it leaves the bloc, and the Bank of England announces its rate decision after crucial inflation and wages data. Sterling pushed to its best level against the euro […]

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Sterling slips to five week low ahead of Johnson speech

Sterling slipped to a five-week low against the euro on Wednesday, as investors turned cautious ahead of a speech on Brexit by Boris Johnson, Britain’s foreign minister and prominent supporter of the campaign to leave the European Union. Mr Johnson will say that leaving the EU “is not grounds for fear but hope” in the […]

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Battered stock markets head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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Stocks head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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Savaged stocks head for worst week since 2011

A 4 per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis. European bourses saw relatively minor early losses but China’s overnight plunge had gouged […]

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European share declines limited after another Wall Street sell-off

European shares posted limited losses at the open on Friday after a fresh sell-off on Wall Street, which has now entered a correction with the benchmark S&P 500 and Dow industrials falling more than 10 per cent from their January 26tg record highs. Europe’s STOXX 600 share index fell 0.4 per cent in early trading […]

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