The pound dropped at its sharpest pace against the dollar in nearly two years and stocks have jumped after Donald Trump said he had won a “magnificent victory for the American people” in the US presidential election. Sterling slumped as much as 1.4pc against the dollar to $1.285, its lowest level in two months, as traders scrambled to take advantage …
The FTSE 100 has fallen after soaring wages sparks inflation concerns. Britain’s blue-chip index sank to a one-month low on Tuesday after latest figures showed that UK wages rose at the fastest pace on record. The surprise figures have spurred concerns that higher wage growth will require the Bank of England to keep interest rates higher for longer, in hopes …
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