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BUSINESS TODAY 14 September 2023

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SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 14.9.2023 7 MARKETS International Markets Global Indices Trading Date: 13 September 2023 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart THE launch of a state-backed digital currency from the Bank of England has been held back by "concern about privacy", according to a senior member of the project. Sarah Breeden – set to become the deputy governor for financial stability – warned that there must be a "nation- al conversation" about the merits of digital currencies to overcome public scepticism. e Treasury first publicly considered the creation of a stablecoin, commonly referred to as the 'digital pound', in January, despite many high-profile crashes in the wid- er cryptocurrency market. After several rounds of consultations and research, it was determined that the creation of the UK digital coin was "likely", however, further consultation rounds were approved to determine the merits and risks. According to Breeden, one such risk that the consul- tations have identified is the perception from the public that a centralised digital currency would give the state too much control over consumers' personal finances. "While I am supportive and see its merits, it was appar- ent in the responses that we got to the discussion paper that there is a lot of concern about privacy," Breeden told the committee. "What we need to do with the Treasury and Parliament is to reassure the public about how privacy is going to be delivered. We must not assume trust in practice. We need to demonstrate that whatever parliament has de- cided is the right boundary and one that we will deliver." e Bank of England and the Treasury are expected to make the final call by 2025. Bank of England digital currency held back by privacy 'concerns' Sarah Breeden

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