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Pound in best run in 2016 amid ‘Leave EU’ trades

Bloomberg The pound jumped for a fourth day versus the euro, its longest run of gains since November, as investors questioned the extent of declines driven by concern over a possible British exit from the European Union. Sterling rose for a second day against the dollar. While Markit Economics said U.K. manufacturing expanded last month at the slowest pace in ...

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Greek creditors to resume reforms audit by Mar 10

Athens / AFP Greek Prime Minister Alexis Tsipras said on Tuesday that an EU-IMF audit of the debt-laden country’s reforms would likely resume by March 10, hinting that the process was being delayed by divisions among the creditors. “My estimate is that (senior creditor representatives will) return in the first ten days of March,” Tsipras said in a televised interview. ...

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Euro-area factories cut prices at fastest pace since 2013

Bloomberg Euro-area factories cut prices at the fastest pace in almost three years in February, compounding an already worrisome inflation environment for the ECB. Markit Economics said the price gauge of its manufacturing Purchasing Managers Index fell further below the key 50 level, dropping to the lowest since June 2013. All countries bar one in its monthly survey reported falling ...

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