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The British count their money pound by pound

"They are literally counting their pennies," said Natalie Seeney, director of the Cash Action Group, an independent commission that studies the use of cash in the country. And it is indeed so. With...

Bloomberg: The problems of the lira are deep, whoever is elected prime minister

Whoever becomes the new resident of 10 Downing Street will inherit a maelstrom of financial problems, notes Bloomberg. Inflation in the UK is running at its fastest pace since the early 1980s. The Bank of...

Pound, UK shares boost on Johnson resignation

Sterling strengthened and British shares rose on news that Prime Minister Boris Johnson plans to resign. Investors said the news could come as a relief to UK assets, which have been hit by high inflation, a weak...

Pound and British stocks boosted by Johnson resignation

LAST UPDATE: 15:10 Sterling strengthened and British shares rose after news of Prime Minister Boris Johnson's resignation. Investors said the news could come as a relief to UK assets, which have been hit by high inflation, a weak...

UK: Recession discontent sends pound to worst quarter since 2008

According to economists at AllianceBernstein, "the UK economy is falling apart". The evidence is everywhere, according to Bloomberg. Households are losing purchasing power, the cost of essential goods is soaring and business confidence is dismal. ...

Turkey’s ban on pound loans to some companies sparks ‘rally’

Turkey is stepping up efforts to strengthen the pound and curb lending with a surprise measure banning loans to companies deemed to have foreign currency cash, sending the domestic currency into the biggest rally of the...