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Pound Posts Biggest Monthly Decline Since May 2013

August 1st, 2014 (0)
The pound posted its biggest monthly decline against the dollar since May 2013 as signs of growth in the U.S. economy boosted expectations for higher Federal Reserve interest rates. Sterling fell to a seven-week low versus the greenback as ...

Pound is bullish as Shine Comes Off

July 30th, 2014 (0)
The shine is starting to come off the U.K. pound, which has given up its reign as the most popular bullish bet for 2014 among the Group of 10 currencies. Hedge funds and other large speculators cut their net ...

Asian stocks rise as China manufacturing improves

May 22nd, 2014 (0)
Japan’s Nikkei led gains in Asian stock markets Thursday after a manufacturing survey suggested the slowdown in China’s economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won’t rush to raise interest rates. HSBC’s manufacturing ...

Oil prices rose amid Ukraine tensions

May 12th, 2014 (0)
Oil rose above $100 per barrel on Monday amid renewed tensions over Ukraine. Benchmark U.S. crude for June delivery was up 13 cents to $100.12 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. ...

The dollar rose on Friday; Riskier currencies lost out

March 12th, 2021 (0)
The dollar rose on Friday, recovering its losses from the day before, as a spike in Treasury yields early in the European session triggered a risk-off move in global currency markets, with riskier currencies taking a hit. Market participants ...

Dollar loses ground, pound gains as traders eye Brexit talks

November 16th, 2020 (0)
The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiationg a post-Brexit trade deal. Sentiment across markets were mixed, ...

Rollercoaster Pound Sterling ride

October 2nd, 2020 (0)
After an early slide, Sterling was subjected to high volatility as reports of a potential landing zone for level playing field and fisheries issues were quickly denied by EU sources. Sterling ended the European session with limited net losses ...

The euro held near a 10-day low on Monday

November 25th, 2019 (0)
The euro held near a 10-day low on Monday after posting a weekly loss as investors remained cautious about the outlook for the euro zone economy in the near term. Though latest data showed business morale in Germany, Europe’s ...

Currencies Update: Buoyed dollar sends euro, sterling to 2 1/2-year lows

August 1st, 2019 (0)
Gains by the dollar after the Federal Reserve cut interest rates sent the euro to a 26-month low against the U.S. currency on Thursday, as investors decided a lengthy Fed easing cycle was unlikely after the first rate cut ...

Currencies Update: Dollar slips for third day; Euro to Dollar got a boost

July 12th, 2019 (0)
The dollar edged lower for a third consecutive day on Friday as stronger-than-expected U.S. inflation data failed to shake convictions that the Federal Reserve will start cutting interest rates at a policy meeting later this month. Against a basket ...
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