A lack of unforeseen nasties of a financial or operational kind helps account for the 'relief-rally' feel of the market reaction on Tuesday. There was a modestly flattering foreign exchange tailwind that helped lift revenues 14.4% and above forecasts to £1,140m. But even if excluded, turnover remains solid …
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Second, the recent rise in oil prices, which are up 6.8% since mid-December, has boosted the commodity-based Canadian currency. The Bank of Canada is expected to raise rates later this week, which could boost the Canadian dollar. One dark cloud on the horizon, however, is NAFTA. The free-trade …
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