Pound heads for worst week in over a year; oil set for biggest weekly gain since early 2023 business live
Briefly

Rachel Reeves emphasized that the escalating conflict in the Middle East poses serious risks to Britain's economy, potentially reigniting inflationary pressures and disrupting GDP.
The chancellor noted the key challenges to inflation currently stem from disruptions in the Red Sea affecting global shipping, particularly due to attacks on freight by Houthi rebels.
Read at www.theguardian.com
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