Money managers who are reducing their bullish bets on oil are following a “dangerous” strategy, according to Goldman Sachs.

A Bank of England policymaker has said he would not be surprised if the pound fell further, but that the Bank of England could overlook the effect of weak sterling on inflation, possibly for years.

Don’t bank on a sustained rally for sterling if the UK votes to remain in the EU.

The crisis at soccer’s global governing body continues to spread as authorities in Germany and Switzerland target banks and national sport associations for financial transactions linked to Fifa.