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Markets News - 26 September

The British pound has fallen another three percent this morning, on top of the three percent falls on Friday, down to 1.035 today. It now threatens to follow the euro and move to parity with the dollar after the really spectacular moves in recent days.

Florida authorities have urged citizens to prepare for incoming Storm Ian after concerns it has the conditions to strengthen into a major hurricane.

US new home family sales came in sharply lower in the latest reading as new homebuyers are naturally reluctant to fix mortgages at the higher interest rate levels. This raises concerns of a more sizeable US house price correction.

Macao casino operators were a rare bright spot overnight, gaining ,more than 10 percent as a sector after authorities announce that will resume an e-visa scheme for mainland travellers and permit group tours.

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