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Jaguar Land Rover executives: Operations continue to recover, and production of luxury brand vehicles has resumed.
On November 14th, a Bank of America foreign exchange and interest rate sentiment survey revealed that approximately half of investors expect artificial intelligence (AI) to lead to a steeper yield curve. The survey found that among respondents, 27% expect AI to result in lower interest rates and a steeper curve, 24% believe it will have no substantial impact, and another 24% expect higher interest rates and a steeper yield curve. The survey also showed that 6% expect higher interest rates but a flatter curve, while 3% expect lower interest rates but a flatter curve.
Jaguar Land Rover executive: The investigation into the cybersecurity incident is still ongoing.
On November 14th, Francesco Pesole of ING stated in a report that the pounds decline against the euro could be reversed if the market expects the UK to maintain fiscal discipline in its November 26th budget. Pesole noted that Fridays reports that the government might abandon raising income taxes did not indicate that Chancellor Reeves was "willing to fundamentally change her fiscal prudence commitment." He believes that while the risk of further weakness in the pound against the euro has increased, this weakness is likely to be reversed.
Jaguar Land Rover executive: We are pleased that the trade agreements with the UK and the EU are now clear.