by Christopher Nye | Nov 30, 2022
The UK government and French-owned energy suppliers, EDF, are set to take a 50-50 equity split for the Sizewell C nuclear plant in Suffolk. The UK government will pay £100m to buy the Chinese-owned company out of their shares. This follows the chancellor’s recent plan...
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by Charles Purdy | Nov 30, 2022
Having dropped 1% on Monday, sterling made some attempts to climb back again yesterday. However, it all remains uncertain for exchange rates as multiple factors weigh in, including the rise of Covid in China (where only 38% of over-80s are fully vaccinated) and its...
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by Charles Purdy | Nov 29, 2022
The dollar was the big winner from worries over the global economy as unrest in China in reaction to draconian Covid lockdown rules were described as the worst unrest since Tiananmen Square in 1989. There was some data hitting the wires after the hiatus for...
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by Charles Purdy | Nov 29, 2022
A mixed day for the single currency saw it gain 1% on the US dollar in the morning session, and then lose it all in the afternoon. It managed to hold on to some of its gains against the pound. Later this morning we’ll hear German inflation for November, which will...
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by Charles Purdy | Nov 29, 2022
Sterling’s gains over the last fortnight were sharply pegged back yesterday, as the pound lost almost 1% during the course of the morning. The only data release yesterday was CBI Distributive Trades, which showed not just a sharp decline in sales, but also an...
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