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  • World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use "all policy tools" to lift global growth. Backsliding oil prices held back commodity firms and some emerging markets, however, meaning MSCI (NYSE: MSCI - news) 's All World index failed to get over the peaks …

  • German businesses on Brexit: ¯\_(ツ)_/¯ Business Insider UK Finance - 7 hours ago
    German businesses on Brexit: ¯\_(ツ)_/¯

    German businesses are shrugging off the impact of Britain's vote to leave the European Union and carrying on as usual, according to a major survey released on Monday. Think-tank Ifo's monthly assessment of the business climate and expectations for the near future of businesses in the country showed that business people …

  • Britain's first post-Brexit economic data might not be as disastrous as first feared

    The "dramatic deterioration" of the British economy signalled by Friday's latest PMI numbers from Markit may not actually be as horrible a sign as first expected, according to analysis by research firm Pantheon Macroeconomics, which suggests that the release of PMI numbers can sometimes give a "misleading steer" about the …

  • * Euro hits lowest since Brexit vote (Updates to U.S (Other OTC: UBGXF - news) . NEW YORK, July 22 (Reuters) - The dollar index rose to a more than four-month high on Friday as positive U.S. data and weak readings from overseas prompted investors to re-evaluate the likelihood of a rate increase from the U.S. Federal …

  • UK Facing Recession Threat After Brexit Vote Sky News - Fri, Jul 22, 2016 17:22 BST
    UK Facing Recession Threat After Brexit Vote

    The UK is heading for a 0.4% contraction in the third quarter, according to the first post-Brexit snapshot of business activity.

  • Irish debt less sustainable than debt-to-GDP ratio implies - NTMA Reuters - UK Focus - Fri, Jul 22, 2016 16:56 BST

    Ireland (Other OTC: IRLD - news) 's ability to service its debts is riskier across a range of measures than implied by a debt-to-GDP ratio distorted by dramatic revisions to economic growth, research from the debt agency showed on Friday. Ireland's debt fell below that of France, Austria and almost as low as Germany's …

  • FOREX-Dollar rises, set for 5th straight weekly gain as pound, yen slip Reuters - UK Focus - Fri, Jul 22, 2016 15:15 BST

    The dollar edged up against a basket of major currencies on Friday putting it on track for its fifth straight weekly gain as expectations of a rate increase from the Federal Reserve have come back into play while other central banks are seen cutting rates or adding stimulus. The returning prospect of monetary policy divergence …

  • Sterling slides after British PMIs point to contraction Reuters - UK Focus - Fri, Jul 22, 2016 15:11 BST

    Sterling fell 1 percent and gilts rose on Friday after surveys showed business activity had wilted in the wake of the Brexit vote, bolstering expectations the Bank of England will have to do more next month to stimulate growth.

  • ECB to signal future QE path to markets in fourth quarter - Nowotny Reuters - UK Focus - Fri, Jul 22, 2016 14:20 BST

    The European Central Bank will signal the future path of its quantitative easing programme in the fourth quarter, ECB governing council member Ewald Nowotny said on Friday, suggesting a decision is unlikely at a meeting in September. The ECB left rates unchanged on Thursday and ECB President Mario Draghi had left the door …

  • ECB's Nowotny says Italy's Monte dei Paschi needs quick solution Reuters - UK Focus - Fri, Jul 22, 2016 13:55 BST

    European Central Bank governing council member Ewald Nowotny said on Friday Italy's Banca Monte dei Paschi, which is weighed down by non-performing loans, needed a quick and concrete solution to its problems. ...

  • People are starting to get seriously worried about the looming crisis in Portugal Business Insider UK Finance - Fri, Jul 22, 2016 13:20 BST
    People are starting to get seriously worried about the looming crisis in Portugal

    Two big issues in Europe are dominating economic thinking: the UK's decision to leave the European Union, and Italy's litany of problems, including an ongoing banking crisis and a referendum that could topple the government. Portugal's economy has long been a source of some concern for European policymakers, but the risks …

  • Britain's economy is shrinking, the broadest survey of business confidence since last month's historic vote to quit the European Union showed on Friday, leading finance minister Philip Hammond to pledge a loosening of purse strings if the weakness endures. The Bank of England has also been clear that easing monetary policy …

  • UK's Hammond says likely fiscal loosening will hinge on economy Reuters - UK Focus - Fri, Jul 22, 2016 12:24 BST

    British finance minister Philip Hammond said he planned to support the economy through a period of weakness after the vote to leave the European Union, but could not yet say what precise form or scale this would have. "Exactly what that framework looks like will depend on the state of the economy at the time of the Autumn …

  • UK Economy At Seven-Year Low After EU Vote Sky News - Fri, Jul 22, 2016 11:09 BST
    UK Facing Recession Threat After Brexit Vote

    The UK is heading for a 0.4% contraction in the third quarter, according to the first post-Brexit snapshot of business activity. A flash estimate from the closely-watched Markit (NasdaqGS: MRKT - news) purchasing managers' index (PMI) for July pointed to the worst performance for more than seven years - when the economy …

  • Sterling slides, gilts rise after UK surveys point to contraction Reuters - UK Focus - Fri, Jul 22, 2016 09:47 BST

    Sterling dived and gilts rose on Friday after surveys showed business activity shrinking at a fast pace after the shock Brexit vote last month, bolstering expectations the Bank of England will have to do more next month to stimulate growth. The euro rose to a high of 83.785 pence, up from around 83.12 before the data was …

  • Britain just got its first concrete sign that Brexit will destroy the economy Business Insider UK Finance - Fri, Jul 22, 2016 09:41 BST
    Britain just got its first concrete sign that Brexit will destroy the economy

    Britain just got its first concrete sign that the British exit from the European Union, or Brexit, will crush the nation's economy after a grim set of PMI data released by Markit on Friday morning showed a "dramatic deterioration" in the economy since the UK voted to leave the EU. Markit's flash PMI readings for the UK's …

  • European shares slip as miners weaken and Skanska skids Reuters - UK Focus - Fri, Jul 22, 2016 09:15 BST

    European stock markets slipped on Friday, weighed down by falls in mining companies and Swedish construction group Skanska. Skanska also dropped 5 percent after the company posted second-quarter earnings below market forecasts. Shares (Berlin: DI6.BE - news) in British mobile operator Vodafone and French defence electronics …

  • Europe is shrugging off the shock of Brexit Business Insider UK Finance - Fri, Jul 22, 2016 09:11 BST
    Europe is shrugging off the shock of Brexit

    The eurozone economy is shrugging off fears about the impact of Britain's vote to leave the European Union, and is showing "surprising resilience" in the face of the vote, according to the latest PMI data released by Markit on Friday morning. Markit's flash PMIs for July largely beat the forecasts of economists, and fought …

  • MORNING BID EUROPE-Brexit soundings; IMF's Lagarde hears from the courts Reuters - UK Focus - Fri, Jul 22, 2016 08:07 BST

    Neither the European Central Bank nor the Bank of England took any action at their policy meetings, preferring to see if the predicted economic Brexit blizzard blows (though the BoE (Shenzhen: 200725.SZ - news) is pretty certain it is coming). A flurry may come today when Markit (NasdaqGS: MRKT - news) releases special …

  • FOREX-Dollar drops vs yen as BOJ's Kuroda plays down 'helicopter money' Reuters - UK Focus - Thu, Jul 21, 2016 20:22 BST

    Kuroda played down the idea of injecting cash directly to businesses and consumers during a BBC Radio 4 interview, leading to a yen surge as strong as 105.41 yen per dollar. The BBC later said its interview with Kuroda had been conducted in mid-June, helping cool the yen's gains.

  • ECB Ready, Willing And Able To Act On Brexit Sky News - Thu, Jul 21, 2016 16:10 BST
    ECB Ready, Willing And Able To Act On Brexit

    The head of the European Central Bank said it was ready, willing and able to act if needed after the UK voted to quit the EU. The ECB is already taking major action to revive the single currency bloc, with its main interest rate at zero and €80bn (£67bn) a month being pumped into the economy through bond purchases. The …

  • ECB keeps door open to easing after holding rates steady Reuters - UK Focus - Thu, Jul 21, 2016 15:52 BST

    Signalling a readiness to act, ECB President Mario Draghi argued that Britain's decision to leave the European Union and weak emerging market growth both dampen the euro zone's own outlook, leaving the balance of risks tilted firmly to the downside and possibly requiring action. "If warranted to achieve its objective, …

  • Sterling weaker after disappointing UK retail sales data Reuters - UK Focus - Thu, Jul 21, 2016 15:11 BST

    Sterling fell against the dollar and the euro on Thursday after data showed the biggest monthly decline in British retail sales for six months in June, keeping alive expectations that the Bank of England will ease policy as early as next month. Sterling hit a low of $1.3157 after the data, down 0.2 percent on the day, …

  • GLOBAL MARKETS-Stocks nurse nine-month highs as ECB stays loose Reuters - UK Focus - Thu, Jul 21, 2016 14:04 BST

    World stocks faded after hitting nine-month highs on Thursday, cooled by signals from Japan that its next shot of stimulus won't include hand-out 'helicopter money'. The European Central Bank, at its first post-Brexit meeting, opted to keep its record low interest rates on hold and Wall Street markets looked to be heading …

  • UK retail sales suffer biggest fall in six months, no EU effect reported Reuters - UK Focus - Thu, Jul 21, 2016 13:30 BST

    British retail sales suffered their sharpest monthly fall in six months in June, but stores said bad weather rather than Brexit was to blame, leaving open the question of how big a hit the vote to leave the European Union will deal to the economy. Retail sales volumes in the five weeks to July 2 dropped by 0.9 percent, …

  • FOREX-Yen recovers after Kuroda plays down helicopter money talk Reuters - UK Focus - Thu, Jul 21, 2016 13:05 BST

    The yen rebounded from six-week lows against the dollar on Thursday, after Bank of Japan chief Haruhiko Kuroda said the bank saw no need to stimulate the economy with "helicopter money". After dipping below $1.10 on Wednesday, the euro was also steadier as the European Central Bank held off with any immediate further easing …

  • Your Guide To The New IHT Rules Moneywise - Thu, Jul 21, 2016 11:52 BST
    Tories Set To Cut Inheritance Tax In Budget

    When ex-Chancellor George Osborne announced the introduction of a new main residence nil-rate band, he met the Conservatives’ long-term promise of raising the inheritance tax ...

  • GLOBAL MARKETS-Stocks nurse nine-month highs before ECB meeting Reuters - UK Focus - Thu, Jul 21, 2016 11:29 BST

    World stocks faded after hitting nine-month highs on Thursday as signals from Japan that its next shot of stimulus won't include hand-out 'helicopter money' cooled the mood. The European Central Bank's first post-Brexit meeting was due later with expectations that it will keep rates on hold. It later jumped 1 percent, …

  • Roland Head takes a closer look at today's updates from Unilever plc (LON:ULVR), SSE plc (LON:SSE) and easyJet plc (LON:EZJ).

  • FOREX-Dollar hits 4-month high as markets raise bets on Fed rate hike Reuters - UK Focus - Wed, Jul 20, 2016 21:08 BST

    The dollar rose on Wednesday, hitting its highest level in four months against a basket of currencies, as expectations rose that the Federal Reserve would tighten monetary policy while other major central banks are forecast to loosen policy. Fed funds futures rates show investors see a greater than 50 percent chance the …

  • Euro zone bond yields rise as risk rally dents safe-haven demand Reuters - UK Focus - Wed, Jul 20, 2016 17:04 BST

    Euro zone bond yields rose on Wednesday, giving up early falls as upbeat company earnings boosted U.S. and European stock markets at the expense of safe-haven bonds. The European Commission said consumer ...

  • Brexit Will Totally Obliterate Everything Good In British Economy Business Insider UK Finance - Wed, Jul 20, 2016 16:07 BST
    A British Union Jack flag is seen flying near a face of the clocktower at the Houses of Parliament in London, Britain

    Economic data shows that Britain's economy is in a sweet spot but, now, Brexit is going to totally wreck it.

  • FOREX-Dollar hits 4-month high as peers dip on easing expectations Reuters - UK Focus - Wed, Jul 20, 2016 15:20 BST

    The dollar has benefited in recent weeks from data showing strength in the U.S. labor market and inflation that has bolstered expectations the Federal Reserve may raise rates before the end of the year. Fed funds futures rates point to investors seeing about a 46 percent chance the Fed will raise interest rates by its …

  • Unemployment Rate Falls To Lowest Since 2005 Sky News - Wed, Jul 20, 2016 14:43 BST
    Unemployment Rate Falls To Lowest Since 2005

    ​The number of unemployed people fell by 54,000 to 1.65 million in the three months to May, official figures showed. Chancellor Philip Hammond said the figures were "proof that the fundamentals of the British economy are strong" and that the UK was adjusting to the decision to leave the EU "from a position of economic …

  • Sterling bounces as BoE survey shows limited Brexit vote fallout Reuters - UK Focus - Wed, Jul 20, 2016 14:33 BST

    Sterling rose against the euro and a broadly stronger dollar on Wednesday after a Bank of England survey showed no clear evidence of a slowing of economic activity after last month's Brexit vote. "This data does look like a positive for sterling," said BNP (Paris: FR0000131104 - news) Paribas strategist Michael Sneyd. …

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