UK food price inflation surges to new highs despite falling wholesale costs

Sterling edges up as BoE says no tension in UK banking system

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📚 Daily Digest  |  Tuesday, Mar 28, 2023     UK food price inflation surges to new highs despite falling wholesale costs   © Reuters. Food inflation hit record highs in March, the ninth continuous month of double-digit rises, as a shortage of fruit and vegetables added to energy costs pushing up prices. Read More     Today's Top News Forex Sterling edges up as BoE says no tension in UK banking system Sterling hovered around a two-month high on Tuesday as the Bank of England (BoE) said Britain was not experiencing stress linked to the demise of Silicon Valley Bank (SVB) and Credit Suisse. Stock Markets BP confirms offer made to take NewMed private BP has confirmed that, together with ADNOC, it has made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek's stake, which would result in BP and ADNOC holding 50% of NewMed Energy. Economy Britain raises domestic threat level for Northern Ireland to 'severe' Britain's MI5 intelligence agency has increased the threat level in Northern Ireland from domestic terrorism to "severe" - meaning an attack is highly likely. Stock Markets UK space industry grows faster than rest of the world The UK space sector has grown at a faster past than the rest of the world, according to new government figures that show income from the industry increased £1bn to £17.5bn last year with £635mln of investment attracted. Webinars Where Should You Invest Right Now? Here's Warren Buffett's Advice If you're a trader or an investor, the current volatility on Wall St. might cause you to throw up your hands in frustration. But you could also try to gain some key insight and perspective from someone who has successfully navigated times like these multiple times throughout the years. Where should you invest right now? Here's Warren Buffett's advice. Join us tomorrow at 15:00 BST with Jesse Cohen! Read More News » Today's Top Analysis     Mar 28, 2023 by Fawad Razaqzada Divergence in Fed and ECB Policy to Lift EUR/USD   by Fawad Razaqzada  |   Mar 28, 2023   Mar 28, 2023 by Francesco Casarella Up 55% This Year, Can Tesla Stock Keep Outperforming?   by Francesco Casarella  |   Mar 28, 2023   Mar 28, 2023 by Warren Patterson Safe Haven Buying Boosts Gold Prices   by Warren Patterson  |   Mar 28, 2023 Read More Analysis »

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