sterling

Sterling Falls Below $1.27 for First Time Since 1985

By Patrick Graham LONDON, Oct 5 – Britain’s pound dipped below $1.27 for the first time since June 1985 on Wednesday, with fears of a ‘hard’ Brexit also pushing the currency to a five-year trough against a broadly stronger euro. Sterling has been buffeted for a fortnight by worries that Britain will prioritise curbing immigration

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Hammond Vows to Protect UK Economy During Brexit, Sterling Falls

By William James and Kylie MacLellan BIRMINGHAM, England, Oct 3 – British finance minister Philip Hammond vowed on Monday to protect the economy from any turbulence during negotiations to leave the EU, as sterling fell on worries the country is heading towards a disruptive divorce with its biggest trading partner. Hammond made his promise to

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China’s Finance Minister Sees ‘Brexit’ Heightening Uncertainty for Markets

BEIJING/TIANJIN, China, June 26 – China’s finance minister and leading economists on Sunday voiced concerns about Britain’s vote to leave the European Union, with the policymaker saying it has heightened market uncertainty, though some expect a limited impact on the Chinese economy. The “Brexit” decision “will cast a shadow over the global economy… The repercussions

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