Business · 1 hour ago
Pound holds steady against the dollar and hits a 16-month euro peak
Photo by Colin Watts on Unsplash
Financial markets now see a roughly 90% probability of the Bank of England increasing its base rate on 5 November. The British currency is also gaining strength because investors are worrying about French government debt, making the upcoming UK budget seem less risky. Elsewhere in the markets, crude oil jumped past $105 a barrel following recent strikes inside Saudi Arabia.
Reported by Reuters · How we write briefs