Search Results for: Pound
Dollar at 2-month high, Aussie weak as virus anxiety spreads
January 30th, 2020
The dollar held near a two-month high against a basket of major currencies while the Australian dollar and the yuan were under pressure on Thursday as investors tried to shield themselves from assets that could be hit by China’s ...
European stocks retreat as investors cash in on rally
January 21st, 2020
European stock markets mostly retreated on Monday (Jan 20) as investors booked profits after last week’s rally awaiting some key US earnings updates. Stocks had jumped on Friday, with Wall Street indices ending at fresh record highs, as solid ...
U.S. dollar rises as concerns about geopolitical risks ease
January 8th, 2020
The U.S. dollar rose in late trading on Tuesday as investors’ concerns over tensions between the United States and Iran eased. The United States killed Major General Qassem Soleimani, commander of Iran’s Islamic Revolution Guards Corps Quds Force, in ...
Dollar dips, set for smallest annual gain in six years; The Euro rose
December 30th, 2019
The dollar was on the defensive on Monday in light year-end trading after suffering a setback in the previous session, as safe-haven demand for the greenback waned on hopes of a U.S.-China trade deal and renewed optimism about global ...
VW accused of emissions cheating in UK’s largest class action lawsuit
December 5th, 2019
Volkswagen Group is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the ...
Russia plans another move out of Dollar, into Euro, Yuan
November 13th, 2019
Russia is planning to cut the dollar’s share in its $125 billion sovereign-wealth fund, following a major move last year out of U.S. assets by the central bank. “Geopolitical risks are one of the key factors for changing the ...
Lebanon puts temporary ban on taking large sums of dollar cash out of country: NNA
October 29th, 2019
A Lebanese state prosecutor on Sunday banned traders and money exchangers from taking significant amounts of physical dollar currency out of the country at air and land borders, state news agency NNA said. The order, which it said was ...
Money and the theory of exchange
October 23rd, 2019
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major ...
Sterling pushes higher amid optimism over delayed Brexit vote
October 21st, 2019
The British pound erased all of its overnight losses against the dollar on Monday morning, with renewed optimism that U.K. Prime Minister Boris Johnson could soon pass his Brexit deal through Parliament. The currency initially slid 0.6% as markets ...
UK and EU strike new Brexit deal in last-ditch talks
October 17th, 2019
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. ...
