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News & Analysis
Morning Report: 25 April 2018
GBP. Sterling began to rally yesterday, clawing back some of Monday’s losses against USD. Yesterday’s Government borrowing data from the Office for National Statistics showed that over the 12 months ended March, borrowing had fallen to £42.6bn, meaning that the current budget deficit has been eliminated. The surplus has been primarily driven by relative spending cuts […]
Morning Report: 24 April 2018
GBP. Sterling weakened further to the US dollar yesterday, as the news media focussed on the royal birth, the US dollar strength remained the main theme of global markets. Political developments contained little in the way of new information. Theresa May reckoned with legislative setbacks in the House of Lords and the ongoing issue of […]