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European stocks set to open lower ahead of U S earnings releases

European stock markets opened lower Friday after three straight gains.

United statesAmala balakrishnerLee ying shanChris senyekHelima croftLorenzo bini smaghiJenni reidScott schnipperSilvia amaroFederal reserveNational bureau of statisticsWolfe researchNational bureauClement tanLee yingSouth asian

GBP/USD drifting ahead of UK GDP

UK growth expected to rebound in August Fed members more dovish due to increase in US yields The British pound is calm on Wednesday. In the European sessi

San franciscoUnited statesUnited kingdomLorie loganMary dalyRaphael bosticFederal reserveBoe financial policy committeeFinancial policy committeeFed president raphael bosticFed president lorie loganSan francisco fed president mary dalyGbp usdUk gdpS treasury yields

Sterling had its worst month for a year — and it may fall further

A sharp reduction in peak interest rate expectations and a weak economic outlook are weighing on the U.K. currency.

United kingdomCity ofMichael cahillAshley webbJoe maherJim mccormickJane foleyEuropean central bankFederal reserveOrganization for economicGoldman sachsPrime minister liz trussEconomic co operationCapital economicsPredicting sterling lossesCurrency markets

Bank of England ends run of 14 straight interest rate hikes

The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations.

City ofUnited kingdomMonetary policy committeeBreaking news marketsBreaking news europeCentral bankingCurrency marketsInvestment strategyGbp usdBusiness news

UK economy contracts in July as mild recession looms

U.K. gross domestic product fell by 0.5% in July, below the 0.2% contraction forecast in a Reuters poll of economists.

City ofUnited kingdomPaul dalesJames smithJp morganOffice for national statisticsGoldman sachsNational statisticsCapital economicsBreaking news economyGbp usdDxy us dollar currency indexEur usdBusiness news

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