London's deep, liquid markets and the breadth of its financial and professional services mean that it stands unrivalled as a European financial centre, which is one of the reasons why it has dominated the foreign exchange market in such a decisive way.
Federal Reserve officials expressed confidence they can raise interest rates gradually, while a hike “fairly soon” might be appropriate to avoid the risk of an overheated economy, minutes of Federal Open Market Committee's latest meeting showed.
One analyst has suggested that Unilever should sell its underperforming Flora spreads business. Photograph: Luke Macgregor/Reuters.
Britain's economy grew 0.7 per cent in the fourth quarter of the year, an upgrade on the initial estimate, confirming that the EU referendum result had next to no noticeable effect on economic trends in the six months following the vote.
Downing Street says Theresa May and Carlos Tavares discussed a "shared desire to protect and promote" UK jobs. 21:46, UK, Wednesday 22 February 2017.