Dame Olivia Newton-John has died at the age of 73, her widower has confirmed. The British-born singer died “peacefully” at her ranch in Southern California on Monday morning, surrounded by family and friends. Dame Olivia is best known for her starring role in the 1978 film Grease, in which she starred opposite John Travolta as Sandy.
The British pound was little changed against the dollar and euro on Monday as traders digested last week's Bank of England (BoE) decision and turned their focus to growth figures due on Friday that should give clues on the state of the economy. The data, expected to show a contraction during the quarter, will be released a week after the Bank of England (BoE) said it expects the United Kingdom to enter a recession in the fourth quarter this year and not emerge until 2024. The central bank's outlook was coupled with a half-point interest rate rise to 1.75%, a large increase by the BoE's standards but lower than those of some other global central banks, including the Federal Reserve and Bank of Canada.