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A meeting of the Organisation of Petroleum Exporting Countries in Vienna has led to an agreement to cut oil production levels to 32. 5m barrels per day, reducing output by 1. 2m barrels per day.
The American economy created slightly fewer jobs than expected in October, but upwards revisions to the data for the prior two months offset the miss, while the rate of growth in earnings accelerated.
The pound surged against the dollar as the High Court ruled that the government does not have the power to trigger Article 50 and begin the process of Britain leaving the EU without parliamentary consent.
