Bloomberg The pound pared earlier advances following disappointing economic data, as the gloomy economic picture countered the optimism in the market following the decisive Conservative victory in last week’s election. Sterling returned to the flatline after purchasing managers’ indexes from UK factories posted their weakest performance in more than seven years. The currency had earlier advanced against all its major ...

Bloomberg The Bank of Japan (BOJ) will leave monetary policy unchanged this week, and probably for much longer, after Prime Minister Shinzo Abe unveiled a stimulus package to bolster growth, according to a Bloomberg survey. All 45 economists polled expect no action from the bank at the end of a two-day meeting on Thursday. For the first time since April, ...

Bloomberg The world’s oldest central bank stands to be the most significant this month as it pioneers a shift away from negative interest rates. Sweden was among the handful of economies that reduced key interest rates half a decade ago below zero. Now officials at the Riksbank — founded in 1668 — insist the policy has done its stimulus work, ...