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...Mélanie Masarin vividly remembers buying her first pair of Mary Janes....
...Sterling’s strength “reflects a ‘not as bad as expected’ economic performance for the UK last year and hopes that growth in 2024 may be a little better”, said Jane Foley, senior FX strategist at Rabobank...
...The probability of the first 0.25 percentage point cut being delivered by June rose from about 50 per cent to 60 per cent, with traders moving to price in three cuts by the end of the year....
...Consumer prices rose at an annual rate of 4 per cent in January, the same rate as in December, the Office for National Statistics said on Wednesday....
...Consumer prices rose at an annual rate of 4 per cent in December, up from 3.9 per cent in November, the Office for National Statistics said on Wednesday....
...Yields on 30-year gilts rose 0.1 percentage point on Wednesday to 4.6 per cent while benchmark 10-year yields rose 0.06 percentage points to 4.2 per cent....
...Four people will appear in court in October after the UK’s Serious Fraud Office charged them in connection with the collapse of UK café chain Patisserie Valerie in 2019....
...At the start of the hearing, the diminutive 92-year-old businessman was gently guided to his feet by his lawyer as the clerk read the fraud charge to him....
...“Now it would appear that the fear of intervention is doing a fair amount of heavy lifting for them,” said Jane Foley, head of FX strategy at Rabobank....
...The Office for National Statistics figures mean inflation is at its lowest pace since 2021....
...Gross domestic product rose 0.2 per cent between December last year and January, driven by a 0.2 per cent expansion in the services sector, the Office for National Statistics said on Wednesday....
...Investors turned to haven assets, such as gold, which rose 1.2 per cent to its highest level since July, and the dollar, which rose 0.3 per cent against a basket of peers....
...Private rents rose 5.7 per cent year on year in September, up from 5.6 per cent in July, according to the Office for National Statistics....
...Additional reporting by Mary McDougall...
...The Office for National Statistics said annual growth in average pay, excluding bonuses, remained at 7.8 per cent — the highest rate since comparable records began in 2001....
...The Office for National Statistics’ figures came as a surprise to economists, who had predicted a rise in inflation from 6.8 per cent in July to 7 per cent in August, and led to an initial sell-off in sterling...
...Congressional Budget Office forecasts suggest that net interest spending will be close to half of America’s overall deficit by 2026....
...Gross domestic output dropped 0.5 per cent between June and July, after growing the previous month, data published by the Office for National Statistics on Wednesday showed....
...Venkat’s plan is a sort of “Hail Mary” attempt to revitalise Barclays, which has for years traded at a deep discount to its book value much to the disappointment of its shareholders....
...“The first drop that we launched, the black and white Mary Janes, sold out in three minutes, and people were logging in from all over the world....
...Mary McDougall What will the Fed minutes say about the outlook for rate rises?...
...It’s very likely I’ve been infected – or dangerously enabled – by the “coquettification” of fashion that has seen the resurgence of stereotypically feminine tropes on the catwalk: Mary Janes, roses, frills...
...An extra bank holiday to mark the King’s coronation contributed to the fall in UK gross domestic product between April and May, Office for National Statistics data showed....
...The UK currency also rose 0.16 per cent against the euro to €1.1705, its highest level since August last year, before retreating to €1.1693....
...Jane....
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