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Pound climbs on strong services data release

Pound climbs on strong services data release

The pound clawed back more of the ground lost following the referendum on European Union membership this morning after the release of strong services sector data. Markit’s Business Activity Index rebounded to 52.9 in August, from 47.4 in July, sending sterling up 0.3% to $1.333. “Today’s improvements are in line with the string of robust

Pound climbs on strong services data release

Italy now the real threat not Brexit

The Italian constitutional reform referendum this autumn will, or rather should, cause European investors to hold their breath more anxiously than they did on the morning of 24 June.  Citigroup has called the referendum “the single biggest risk to the European landscape this year,” bigger than the United Kingdom’s leave vote. Renzi leaving, which he


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