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Monthly Archives: August 2017
Why is the pound so low against the euro?
The holiday season is in full swing. And whether you prefer sun, sand and sangria or meze, Metaxa and monuments, it can’t have escaped your notice that the whole getting-away-from-it-all thing is a lot more expensive now. At least, that … Continue reading
Pay growth forecasted to stay weak
Pressure on incomes looks set to continue, with pay rises forecast at 1% over the next year, a survey predicts. Despite falling unemployment, wage growth is weak because the supply of labour has also gone up, says the Chartered Institute … Continue reading
FCA to scrap LIBOR rate by 2021
The FCA has announced that the LIBOR rate will be scrapped by 2021, as it is a “less useful benchmark than it used to be”. Twenty panel banks submit contributions to the benchmark, which measures how much they’d be able … Continue reading
Eurozone unemployment rate falls to 9.1%
The unemployment rate in the eurozone has fallen to its lowest level since February 2009, according to the latest official figures. The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May. Separately, inflation remained unchanged in … Continue reading