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Market move▼ Bearish for Indian equities
UK pound falls to three-month lows as investors fret over rates, oil
The brief
- The pound hit a three-month low against the dollar
- Investors worry about soaring oil and its effects on the economy
- Oil-price concerns matter for Indian oil-importing sectors, including aviation and paints
- US threatens diesel export ban as Europe weighs releasing strategic stocks
- 'Strong Indications’ Iran Involved In RAF Fairford Incident, Says UK PM Andy Burnham
- UK links Iran to suspected plot outside airbase used by US bombers
- Airtel Money IPO in London: Barclays CEO says more India-UK deals likely
- UK finance minister says 'fiscal discipline' will form core of budget