{
}
EUR/USD and EUR/GBP are under pressure, with EUR/USD nearing the 200-day SMA at $1.0873, while minor resistance is seen at $1.0895-$1.0916. EUR/GBP approaches September lows, with support around £0.8353-£0.8360. GBP/USD fluctuates near the 55-day SMA at $1.3085, with key support at $1.3000, which is crucial for maintaining the medium-term uptrend.
UBS Asset Management has reduced fees and merged share classes for three ETFs, including the $375m USD-hedged socially responsible ETF, due to their net asset values falling below a commercially viable minimum. The fee for the UBS ETF MSCI ACWI Socially Responsible UCITS ETF will decrease from 0.28% to 0.25%, while the UBS Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF's fee will drop from 0.25% to 0.20%. Trading for the affected share classes will cease on October 28.
Lazard has appointed Will Thompson as Managing Director of Healthcare Services, effective November 4, 2024, based in London. Thompson, who previously worked at Lazard from 1998 to 2004, joins from Barclays, enhancing Lazard's healthcare advisory capabilities alongside recent hire Michele Colocci. The firm has seen significant growth in its healthcare business, advising on over $245 billion in transactions since 2020.
The UK has launched a new Regulatory Innovation Office (RIO) aimed at accelerating public access to emerging technologies, including AI and bioengineering, by streamlining outdated regulations. Science Secretary Peter Kyle emphasized the initiative's potential to enhance healthcare and stimulate economic growth, while also addressing regulatory barriers across sectors like space and autonomous technology. The success of this initiative will depend on effective coordination among various government efforts to harness technological advancements for the benefit of the economy and public health.
TSB Bank has been fined £10.9 million ($14.2 million) by the Financial Conduct Authority (FCA) for inadequate treatment of retail customers in financial distress. The FCA found that TSB's repayment plans from June 2014 to March 2020 were unrealistic and potentially unaffordable for approximately 232,849 affected customers. Additionally, the bank lacked sufficient controls to ensure fair treatment for those facing financial hardship.
EUR/USD, EUR/GBP, and GBP/USD are expected to remain stable during Columbus Day due to market closures in Japan, Canada, and the US. EUR/USD is under pressure, nearing last week's low of $1.0900, with key support at $1.0882 and $1.0874. GBP/USD shows a bearish trend, trading below the 55-day SMA at $1.3077, with critical support at $1.3000, which if breached, could target the 200-day SMA at $1.2789.
GSK announced positive results from two Phase 3 trials of its antibody drug depemokimab for chronic rhinosinusitis with nasal polyps (CRSwNP), showing significant suppression of nasal polyp growth and improved nasal obstruction compared to placebo. The drug, which targets IL-5, is also being studied for asthma and other inflammatory diseases, with potential peak annual sales exceeding £3 billion if approved. Detailed trial results will be presented at an upcoming scientific congress.
A £4.2 million MedTech accelerator program has launched to support up to 140 UK SMEs in overcoming regulatory challenges related to medical devices and diagnostics. Funded by the UK government and delivered by CPI in partnership with the Office for Life Sciences, the initiative offers grants of up to £30,000 for external regulatory guidance. Applications opened on 9 October 2024, with decisions expected by 29 November 2024, aiming to expedite the introduction of life-saving technologies to the market.
The UK’s life sciences sector is set to receive a £279 million investment from Eli Lilly, the world’s largest pharmaceutical company, to address health challenges, particularly obesity. This collaboration will establish the first ‘Lilly Gateway Labs’ in Europe, supporting early-stage businesses with lab space and mentorship. The initiative aims to enhance health outcomes and economic growth while tackling obesity, which costs the NHS over £11 billion annually.
Coherent Market Insights offers comprehensive market intelligence and consulting services, focusing on various sectors including telehealth. Their latest report provides in-depth qualitative and quantitative analysis of the telehealth market across multiple regions, highlighting key players, market dynamics, and growth opportunities. The report aims to assist stakeholders in making informed strategic decisions by detailing market trends, challenges, and competitive landscapes.
British Pound Sterling
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
euro and pound face pressure as key support levels are tested
08:06 16.10.2024
ubs am reduces fees and merges share classes for three etfs
Euro
British Pound Sterling
United States Dollar
Credit Suisse Anlagestiftung
Vanguard Academy Inc.
Amundi ABS AAA FUND
UBS SA
James Collyer
Show more
07:05 16.10.2024
Lazard appoints Will Thompson as managing director of healthcare services
British Pound Sterling
Lazard, Inc.
Close Brothers Group plc
Barclays PLC
UBS SA
Morgan Stanley
GBR
Will Thompson
David Gluckman
Michele Colocci
Jean-Louis Girodolle
Cyrus Kapadia
Show more
16:06 15.10.2024
new regulatory office aims to accelerate access to medical technologies
10:50 15.10.2024
TSB fined 14.2 million dollars for mistreatment of struggling customers
02:00 15.10.2024
forex markets remain stable as major economies observe holiday closures
01:41 15.10.2024
GSK reports positive Phase 3 results for chronic nasal condition drug
British Pound Sterling
Sanofi
Regeneron Pharmaceuticals, Inc.
Glaxosmithkline Export Ltd.
GBR
USA
Kaivan Khavandi
Show more
14:01 14.10.2024
new medtech accelerator launched to support uk small businesses in regulatory challenges
British Pound Sterling
CPI Books Ltd.
GBR
Peter Kyle
Rahul Kapoor
Roz Campion
Wes Streeting
Show more
12:01 14.10.2024
lilly partners with uk government to boost life sciences and tackle obesity
British Pound Sterling
Eli Lilly and Company
GBR
Andy Burnham
Peter Kyle
Wes Streeting
David A Ricks
Amanda Pritchard
Show more
01:00 14.10.2024
comprehensive analysis of the telehealth market trends and growth opportunities
Australian Dollar
United States Dollar
Indian Rupee
Euro
British Pound Sterling
Apple Inc.
RUS
DEU
ARG
USA
CAN
JPN
IND
ARE
MEX
GBR
FRA
ZAF
KOR
BRA
SAU
CHN
ITA
Priya Pandey
Show more
12:00 11.10.2024
Trending
Subcategory
Countries:
Companies:
Currencies:
People: