Bloomberg A row engulfing the British government has helped the opposition Labour party record one of its first poll leads over the ruling Conservative party for almost a year. Keir Starmer’s Labour party registered 37% support in the survey, a single point ahead of the Conservatives in the Opinium poll published by the Observer newspaper. It’s the first Labour lead ...

Bloomberg Traders are betting the Bank of England (BOE) will rapidly raise borrowing costs before reversing course almost as quickly. Again. With inflation looking increasingly sticky, the BOE is expected to raise its key interest rate by 115 basis points over the next 18 months, according to money market pricing. Policy makers are likely to then be forced to unwind ...

Bloomberg Commerzbank Chief Executive Officer (CEO) Manfred Knof is cutting management positions at Germany’s second-biggest listed bank by about 30% as part of his turnaround plans. The target is linked to an agreement with the company’s works council on how to implement deep job cuts which were first announced in February, the lender said in a statement. It didn’t say ...