Global shares fall, battered pound fights back, dollar firm



Shares fell worldwide towards three-week lows on Wednesday after a dour start to the U.S. earnings season, while Britain's battered currency rose for the first time in five days.
Sterling rose more than 1 percent against the dollar and euro GBP= EURGBP= after British Prime Minister Theresa May offered to allow lawmakers some scrutiny of the process of leaving the European Union, although she ruled out a vote in parliament on whether to trigger the formal Brexit procedure.
The pound has taken a beating, tumbling to 31-year lows last week, on fears that Britain is heading for a "hard... read more

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