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GBP on Track for Biggest Monthly Fall since Sept 2023 vs USD

Oct 28 Reuters The pound was on track for its biggest monthly fall since September 2023 against the dollar while being roughly unchanged versus the euro with markets focused on major central banks39; monetary easing paths. Bank of England officials showed last week a more cautious approach to policy easing, with Governor Bailey arguing inflation […]
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UK Employers Show Further Signs of preBudget Nerves, Lloyds

LONDON, Oct 28 Reuters British business confidence sank to a fourmonth low in October ahead of the first budget plan from the country39;s new government, a survey showed on Monday, echoing other signs of corporate nervousness about possible tax increases. Lloyds Bank39;s business barometer representing the difference between the percentage of firms with positive and […]
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Sterling Set for Biggest 4wk Drop in Year before UK Budget

LONDON, Oct 25 Reuters The pound stayed on track for its biggest fourweek decline in over a year on Friday, albeit it steady on the day, as investors cling to the dollar in choppy political and macroeconomic waters. Sterling traders are also preparing for the new Labour government39;s first budget on Oct. 30. Finance minister Rachel Reeves […]
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Toronto Stocks Rise on Energy Sector Boost; Set for Weekly Fall

Oct 25 Reuters Canada39;s main stock index rose slightly on Friday, led by energy and technology shares, though gains were limited by telecom shares, while investors parsed domestic economic data. The Toronto Stock Exchange39;s SPTSX composite index was up 16.55 points, or 0.07, at 24,568.1, but was set to register a weekly loss. Among sectors, heavyweight […]
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Dollar Edges Lower after Data as Recent Rally Stalls

U.S. business spending plans exceed expectations German business sentiment improves, ECB inflation target on track Japanese yen strengthens ahead of BOJ meeting, election NEW YORK, Oct 25 Reuters The dollar slipped for a second straight session, as a recent ascent lost steam, but the greenback was still on track for a fourth straight week of […]
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