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A quarter of wealthy grandparents say they are helping to fund their grandchild's school or university education so that they can pay less inheritance tax .
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The Dollar has spent Wednesday grinding higher against the Yen with no headline to carry it, trading near 159.50 after a low just beneath 158.60 and a gain of under a tenth of a percent.
A report by the Royal Institution of Chartered Surveyors (RICS) showed inquiries by new buyers were well down in July amid concerns over high mortgage costs and elevated house prices.
Sterling spent the London morning building a case for a break and the rest of the session dismantling it, trading near 1.3495 after a high just short of 1.3550 and a loss of not quite a tenth of a…
Gold steadied near $4,400 an ounce after a subdued US inflation report relieved near-term pressure on the Federal Reserve to hike interest rates.
The U.S. regulator of platforms such as Kalshi and Polymarket suggests the industry is getting into bad compliance habits that may allow for market abuse.
Geoff Yu at BNY says a less hawkish Fed has weakened the Dollar, but this has not translated into a broad commodity rally.