The Bank of England decided to keep interest rates unchanged at its last meeting of the year, citing concerns about stubborn services inflation and wage growth, despite U.K. inflation reaching an eight-month high. While three members of the Monetary Policy Committee voted to reduce rates, six opted for a hold, surprising economists who had predicted only one member to vote for a cut. Sterling initially rose against the U.S. dollar following the announcement, but later gave up some gains as the greenback rallied after the U.S. Federal Reserve cut interest rates by a quarter point with a more hawkish outlook for 2025.
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Yellow weather warning in place for NI
A yellow weather warning for wind is in place in Northern Ireland from 10:00 to 19:00 GMT on Sunday, with gusts of 40-60 mph expected after Storm Éowyn brought winds of over 90mph. Recovery efforts are ongoing, with many roads still impassable due to fallen trees and debris, and about 140,000 properties without electricity, while train lines are gradually reopening with some services returning. Residents are advised to take caution and report any emergencies to...
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