Labour blasts 'failing' government after UK deficit jumps in June – as it happened

Photo of Labour blasts 'failing' government after UK deficit jumps in June – as it happened
Facebook
VKontakte
share_fav

All the day’s economic and financial news, including the latest UK public finances at 9.30am BST

There’s no holding the euro back this morning!

The single currency has romped to a fresh two-year high in early trading, as traders anticipate that the European Central Bank will cut its stimulus programme in the next few months..

“It’s an armour-plated rally and it won’t stop.”

“Everything speaks in favour of further euro appreciation -- increasing portfolio inflows, changing monetary policy, improved political risks.”

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Related: UK public finances face twin threat from Brexit and downturn, says OBR

Continue reading...
view The Guardian: Economics
#european central bank
#public finance
#european monetary union
#euro