Tuesday , August 22 2017
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Sterling hits 7-year low as Brexit concerns intensify


The British pound traded near $1.39 for the first time in seven years on Wednesday, while the cost of hedging against sharp swings jumped to their highest in more than four years as concerns that Britons could leave the European Union deepened.

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Chinese GDP to worry central banks at home and abroad


China is set to report its weakest full-year growth figure in 25 years on Tuesday on the back of slowing output and sagging investments, troubling news that will likely dominate discussion at the European Central Bank and Bank of Canada policy meetings.

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China, eurozone factories suggest global economy still fragile


The global economy finished last year on a fragile footing, with factory activity inChina shrinking for the 10th month running in December while a pick-up in the eurozone was tepid, suggesting more policy stimulus may be in the pipeline. Coming on a day of turmoil in Asian stock markets after …

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