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Government borrowing continues to be at its highest level since the start of the pandemic | Business News

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Government borrowing continues to be at its highest level since the start of the pandemic | Business News

Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show. Last month had the third highest September borrowing on record, coming only behind 2020 and 2021, according to data from the Office for National Statistics (ONS). While more money came in … Read more

Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

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Asia FX remains quiet as the dollar stabilizes at its highest level in over two months due to robust data, according to Investing.com

Most Asian currencies remained stable on Friday as the dollar held steady at more than two-month highs due to strong economic data, which reinforced expectations of smaller interest rate cuts. Regional markets were largely unaffected by Chinese gross domestic product data showing expected growth in the third quarter. The yuan slightly strengthened after the data … Read more