Rolling coverage of the latest economic and financial news
- Monday briefing: How Iran could retaliate against the latest round of Israel airstrikes
- Keir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budget
Elsewhere in the markets, the yen has tumbled to a three-month after Japan’s ruling coalition lost its majority in Sunday’s general election.
The yen fell as low as 153.87 to the US dollar, the weakest since late July, just before the Bank of Japan surprisingly raised interest rates.
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