The U.S. economy is facing a worsening outlook, leading to market volatility and shifts in currency valuations. Market watchers are divided on which currencies are seen as safe havens, with Jane Foley from Rabobank London predicting the British pound and Japanese yen to be winners. Despite uncertainty, Sterling has gained 1.6% against the U.S. dollar since the beginning of the year, with Trump hinting that the U.K. may avoid U.S. tariffs.
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A roundup of the latest news on Wednesday
In Spain, incessant rain persists with the arrival of Storm Konrad, affecting several provinces with heavy rain, strong winds, and snow. Buying a home in Spain now requires a family's entire income for over 6 years, with prices exceeding net incomes. The Barcelona branch of Spain's Popular Party suggests banning burqas in schools and health centers, while Air France-KLM and Lufthansa compete to acquire a stake in Spain's Air Europa, offering significant investments and debt...
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