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Pound rises to one-month high as EU ‘remain’ camp gains momentum

  Bloomberg The pound rose to its strongest level in more than a month versus the dollar amid signs the “remain” camp is pulling ahead in the campaign over Britain’s membership of the European Union. Sterling touched a six-week high against the euro, after posting its longest winning streak in 10 months through Friday, as U.S. President Barack Obama backed ...

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German business confidence unexpectedly weakens in April

  Bloomberg German business confidence unexpectedly deteriorated in the latest sign that Europe’s largest economy is losing some of its pace. The Munich-based Ifo institute’s business climate index fell to 106.6 in April from 106.7 the previous month. The median estimate in a Bloomberg survey of economists was for an increase to 107.1. The Bundesbank said last week that it ...

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Norway again boosts withdrawals from world’s biggest wealth fund

  Bloomberg Norway increased its withdrawals from the nation’s wealth fund again in March, running ahead of estimates made by the central bank just two months ago. The government withdrew 7.4 billion kroner ($898 million), according to monthly data published by Norwegian Government Agency for Financial Management. That’s up from 6.7 billion kroner in each of the first two months ...

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