British

Improving the British economy will do little to dent Tory hopes of victory in the July elections

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Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Rishi Sunak declared inflation back to “normal” at 7am on Wednesday, ending the pain of rising prices. Less than twelve hours later, the Prime Minister took this opportunity to launch a surprise general election. Most … Read more

Pound Sterling jumps against the euro and dollar after British inflation exceeds expectations

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BOE

Image © Adobe Stock The pound-to-euro exchange rate reached its highest level since March, at 1.1736, after UK inflation fell to an annual rate of 2.3% in April, a figure higher than the market and the Bank of England had expected (2.1%). The all-important and much-watched component of inflation in the services sector was noticeably … Read more