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Jobs Hold Sway Over Yellen-Carney as Central Banks Set to Split

The pound advanced against the euro for the first time in four days before the Bank of England publishes the minutes of its July Monetary Policy Committee meeting today and Governor Mark Carney speaks in Glasgow. 476 more words


Sterling Capped by Stubborn Low Wage Growth

U.K. unemployment is falling fast. Inflation has ticked higher. Retail sales have been healthy. House prices are racing away. But there’s one missing piece in this recovery story: wages. 632 more words


Draghi stops Renzi

During his first audition by the new MEPs, ECB Governor Mario Draghi warned that new emphasis on flexibility can’t undermine the fiscal and financial discipline painfully reached within the European Union. 66 more words


All eyes on UK inflation data

The pound edged up against the dollar yesterday as traders looked to two days of economic data for signs that Britain’s recovery is on track. Sterling suffered its first weekly fall versus the dollar in six weeks last week after a string of weaker-than-expected data called into question the idea that the Bank of England will raise interest rates before the end of the year. 422 more words