british-pound

Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

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Sterling pares losses after hitting 31-year low on Brexit

By Sam Forgione NEW YORK (Reuters) – Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring

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Sterling pares losses after hitting 31-year low on Brexit

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Low inflation to give biggest global pay boost in three years: study

The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil prices has pushed inflation sharply lower, and means real wages are predicted to rise by an average of 2.5 percent…

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Low inflation to give biggest global pay boost in three years: study