Hints and tips:
...This has helped drive nearly £2.2bn into sterling-denominated corporate bond funds in the 12 months to May, according to Morningstar....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...Meanwhile, Treasury secretary Henry Morgenthau brokered the Tripartite Currency Pact in 1936, which, after the collapse of the gold standard, stabilised sterling and the dollar against the French franc....
...By 1997, the boom in the economy saw sterling trading back up at around $1.70, up 20 per cent from the low it reached following Black Wednesday....
...Edward Bonham Carter will leave Jupiter Fund Management at the end of December after almost three decades at the City of London stalwart....
...The writer went into painstaking detail about the rouble-sterling exchange rate, the width of the roads and the composition of the cement. Jack Kerouac it was not....
...Maverick Carter and LeBron James on the prowl for M&A SpringHill, the media and entertainment business founded by basketball star LeBron James and longtime business partner Maverick Carter, has been valued...
...Raheem Sterling, meanwhile, has been wearing Wallabees since he was seven: he sold slushies in the playground to pay for them....
...In his retirement interview, he selected Wilson’s devaluation of sterling in 1967 as the most important political event of his lifetime. Samuel Brittan was born in 1933, the son of a doctor....
...In the end, they failed to persuade Britain to put sterling into the European Monetary System that was set up in 1979....
...Matthew Wescott, a partner at law firm Carter-Ruck, said he has received “around a dozen” inquiries over forex-related cases over the past year, and expects more in the year ahead — especially if sterling...
...Sterling slipped off earlier highs and UK stocks and gilts rallied after the Bank of England cut its forecasts for the British economy as the central bank held its key interest rate at 0.75 per cent....
...The relative weakness of sterling must have been a factor — the pound fell below $1.20 at one point in September....
...Fresh falls in sterling during the past two months have made high-end homes look better value to overseas buyers, Mr Bailey said....
...“There was precious little in the Budget for investors and markets have mostly responded with a collective shrug,” said Richard Carter, head of fixed interest research at Quilter Cheviot....
...Shaun Carter, Carillion’s group strategy director, will leave “by the end of the year”....
...Existing shareholders include Edward Bonham-Carter, vice-chairman of Jupiter Fund Management, and Merryn Somerset Webb, an FT columnist and adviser to Netwealth....
...While the Penton deal was more expensive in sterling terms than when Informa started talks last year, “we will get 100 per cent of its earnings in dollars”....
...Inflation caused by the fall in sterling, rises in the minimum wage and higher business rates knocked 10 per cent off pre-tax profits at Mitchells & Butlers, Britain’s second-biggest operator of pubs and...
...The euro was up 0.7 per cent at $1.1835, while sterling was 0.5 per cent higher at $1.3195 and the dollar was off 0.4 per cent versus the yen at ¥110.24....
...John Carter, Travis’ chief executive, called the UK’s macro-economic outlook “mixed”, adding: The sharp decline in the value of Sterling since June 2016 has created cost pressures on imported goods and...
...He says: “A 20 per cent drop in sterling would take it to $1.15. I think a 10-12 cents fall on the day is more likely.”...
...John Carter of Travis Perkins meanwhile complains results in the plumbing and heating division of the builder’s merchant have been disappointing....
...As Simon Derrick at BNY Mellon points out, sterling is “a safety valve” for pressures being exerted on the UK....
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