Global shares dip, battered sterling wins a reprieve



Shares dipped worldwide towards three-week lows on Wednesday as a dour start to the U.S. earnings season weighed on sentiment, while Britain's battered currency rose for the first time in five days.
Sterling rose more than 1 percent versus the dollar and euro after British Prime Minister Theresa May offered to give lawmakers some scrutiny of the process of leaving the European Union.
The currency has taken a beating, tumbling to 31-year lows last week, on fears that Britain is heading for a "hard Brexit" that would see it leave the EU's single market when it quits the bloc.... read more

 
12 October 2016 in World News, Views: 36
Source: Reuters
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