Sterling has clawed back some of last week’s spectacular losses against the euro, but remains around 1.2% down on this time last Tuesday.
Against USD the pound remains broadly stable and 0.5% stronger than last week.
In the business news, today we’ve heard that BP’s profits have risen 34-fold in the past year – albeit from a loss last year – to £9.5bn, potentially leading to a windfall tax as the UK’s energy price cap rose by 54% last week.
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