European Central Bank

Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

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Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

Oil prices saw a slight increase in subdued trading due to public holidays in Britain and the United States. This followed a week marked by concerns over U.S. interest rates amidst persistent inflation.  The Brent crude July contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract … Read more

British pound is beating 92% of global currencies on UK economic rebound

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British pound is beating 92% of global currencies on UK economic rebound

The British pound is beating more than 90% of the world’s currencies this year on signs the nation’s economy is holding up better than expected, keeping interest rates higher for longer. Only 11 currencies — including those of Kenya, Zambia and Sri Lanka — have outperformed sterling in 2024, according to a universe of more … Read more