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UK financial system set for weakest progress of G7 subsequent yr after downgrade – IMF

The UK is forecast to report the weakest financial progress throughout the G7 group of superior economies subsequent yr, in line with the International Monetary Fund (IMF).The IMF mentioned UK rates of interest are set to stay excessive for “a little while longer”, into...

European inventory markets rally as bond yields fall

London’s high index has surged and international inventory markets rallied as US officers hinted that rates of interest might be nearing a peak.The FTSE 100 surged by almost 2% throughout the day on Tuesday, with miners and playing companies among the many shares seeing...