The pound has secured its biggest single-day gain since at least 1998. The surge in the British currency followed the U.K. Prime Minister's speech outlining the government's plan for Brexit.
Publishing group Pearson's (PSO) shares have hit an 8-year low. The company said profits would underperform.
Deutsche Bank (DB) settled with the U.S. Department of Justice over the company's sale of toxic mortgage-backed securities during the U.S. housing bubble. The bank's shares were little changed by the news, despite the scale of the $7.2 billion settlement.
U.K. unemployment held at an 11-year low. However, the number of people in work fell for the second consecutive month.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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