Ryanair is embarking on a cost-slashing drive after a €2 billion fuel-charge increase. The airline is responding to higher fuel costs by reducing expenses across its operations.
Meanwhile, the pound had its best month in four years against the euro, helped by France's political and fiscal woes and positive surprises in UK economic strength. Jane Foley, head of G10 currency strategy at Rabobank, said France's troubles have cast a relatively positive light on the pound.
Attention now turns to the Bank of England decision on Thursday, where a rate hike is expected. Gold also struggled, hitting a one-year low as October closed, its worst monthly drop since the global financial crisis. In UK stocks, Fresnillo is the worst FTSE 100 performer this year after a 436% gain last year.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing