euro

STERLING LEAPT TO a two-year high yesterday as there is growing expectation of further rises in UK interest rates, according to the Scotsman .

A ‘no' vote in France and the Netherlands on the European Constitution, along with Britain's shelving of a referendum, is likely to see European bond spreads widen in the medium term and weaken the euro on the back of political instability, say fund houses....

Europe feautures heavily in this morning's papers yet again with several reporting the European Central Bank's (EBC) refusal to cut interest rates in the eurozone, leaving rates at 2% for the 24th month in a row.

GRANDPARENTS are shelling out around £4bn a year to help their families with the cost of raising children, suggests Barclays research published in the Telegraph.

NORWICH UNION is the latest company to "ditch" the pensions sector for more profitable business, reports this morning's Scotsman, after yesterday calling for large-scale deregulation of the pensions market.

PENSIONS CAMPAIGNERS have labelled the government's plans for the Financial Assistance Scheme "no more than a first step" and suggest more needs to be done to compensate 85,000 victims of wound-up pension schemes, says the Daily Telegraph.