Dollar jumps to over two-year high against major currencies on strength of US economy; officials will be closely monitoring moves in government bonds

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The pound is on the slide again, as Rachel Reeves, the UK chancellor, returns to her desk after her trip to China.

IDRX-42 complements our growing portfolio in gastrointestinal cancers. This acquisition is consistent with our approach of acquiring assets that address validated targets and where there is clear unmet medical need, despite existing approved products.

2.15pm GMT: Bank of England holds QT auction of short-dated debt