Currencies
PM May defends public sector pay cap after Corbyn attack
PM Theresa May defended the government’s stance on austerity and reiterated her support for the 1% public sector pay cap during PMQs on Wednesday, despite claims that government ministers want it scrapped.
OECD report shows progress towards fairer international tax system
International tax systems are making progress in becoming fairer and more effective, a report led by OECD Secretary-General Angel Gurría has concluded.
FX round-up: Sterling steadies after taking hit from services data
The pound lost ground versus the dollar on Wednesday as weak services data added to the already-uninspiring picture painted by manufacturing and construction figures earlier the week, but by late afternoon the currency had recouped its losses.
Prepare for higher rates, MPC's Saunders tells households
Prepare for higher interest rates, a top Bank of England policymaker told households.
ECB not discussing changes to policy stance, Coeure says
Central bank officials in the single currency bloc had not been discussing making changes to their monetary policy, a top official said.
Brent oil futures under selling pressures as OPEC, Qatar raise output
Oil futures came under selling pressure following news that the Organisation of Petroleum Exporting Countries had increased its production and amid simmering geopolitical tensions around Qatar.
US calls for global action following North Korea missile launch
US secretary of state Rex Tillerson has called on nations across the world to condemn the actions of North Korea, after Pyongyang claimed to have launched an intercontinental-ballistic missile on Tuesday.
Eurozone retail sales rise more than expected in May
Retail sales in the eurozone rose more than expected in May, according to data released by Eurostat on Wednesday.
Qatar economic outlook downgraded by Moody's amid Gulf crisis
Ratings agency Moody’s downgraded its outlook on Qatar’s long-term debt as the Gulf state attempts to come to an agreement with its neighbours following a recent diplomatic crisis in the region.