Sterling remains close to 31-year lows, as Philip Hammond flies to New York to reassure US banks about Brexit * Hammond heads to Wall Street * Analyst: Chancellor needs to reassure the banks * Brexit hits easyJet * Pound hovering around $1.27 10.42am BST OVER IN GREECE, THE UNEMPLOYMENT RATE HAS DROPPED TO A FOUR-YEAR LOW, BUT REMAINS FAR TOO HIGH. The Greek jobless rate dipped to 23.2% in July from 23.4% in June – the lowest since March 2012, but more than double the eurozone average after years of austerity. 10.25am BST THE POUND CONTINUES TO BOB AROUND THE $1.273 MARK, AS TRADERS WAIT FOR NEWS OF PHILIP HAMMOND’S MEETINGS IN NEW YORK. May has pushed her party way across the centre ground – taking issue with self-serving individuals and businesses and appealing to the non-metropolitan voter. That does not bode well for financial services in Brexit discussions. Continue reading...
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