Category: Sterling
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Sterling tumbles as bond yields soar, fanning fears over UK public finances
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The British pound suffered its biggest three-day drop in nearly two years this morning, as investors continued to unload British government debt and turn to the US dollar. By early trading, the pound fell 0.9 percent against the dollar to $1.226, briefly touching its lowest level since November 2023. The…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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Dollar edges off lows; sterling gains after strong retail sales By Investing.com
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The US dollar rose slightly on Friday, but remained under pressure after a major interest rate cut by the Federal Reserve, while the British pound rose strongly after healthy UK retail sales data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com
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The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…
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ForexLive European FX news wrap: Sterling up after UK CPI, markets mixed awaiting Fed
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Headlines: Markets: NZD advances, USD lags during the day European stocks lower; S&P 500 futures up 0.1% US 10-year Treasury yields rise 2.8 basis points to 3.677% Gold rises 0.4% to $2,578.75 West Texas Intermediate crude fell 0.9% to $69.22. Bitcoin down 0.7% to $59,913 It’s all about the countdown…
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Dollar retreats ahead of Fed meeting; Euro, sterling rise By Investing.com
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Investing.com – The U.S. dollar fell on Monday, while the euro and the British pound rose, ahead of the expected start of the Federal Reserve’s interest rate cutting cycle later this week. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Sterling climbs to highest since March 2022 against dollar By Reuters
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(Reuters) – Sterling rose to its highest level in more than two years against the dollar on Friday, helped by fresh signs of strength in the British economy and dovish comments from Federal Reserve Chairman Jerome Powell that pushed the greenback lower against many global currencies. The pound jumped 0.7%…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar edges higher ahead of retail sales; sterling gains on GDP growth By Investing.com
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The US dollar rose slightly on Thursday, but remained close to seven-month lows after benign inflation data, while sterling rose after strong growth data. At 05:45 ET (09:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 102.452, just above…
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Dollar on back foot ahead of CPI; sterling slips By Investing.com
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Investing.com – The U.S. dollar was steady on Wednesday, after weakening overnight ahead of the July CPI release, while the British pound weakened after benign inflation data. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down at 102.277,…
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Dollar edges higher ahead of PPI; sterling rises on wage data By Investing.com
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The U.S. dollar rose in narrow trading ranges on Tuesday, as traders awaited the release of the July producer price index, the first double-digit inflation bill this week, for clues on the Federal Reserve’s future monetary policy decisions. At 05:10 ET (09:10 GMT), the dollar index, which tracks the greenback…
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Dollar rebounds after hefty losses; euro, sterling slip By Investing.com
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The US dollar rose on Tuesday, recouping some recent losses as a measure of calm returned to foreign exchange markets. At 06:20 ET (10:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.4% at 102.907, after falling to a seven-month low…
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Dollar falls as data points to economic slowdown; sterling weak By Investing.com
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Investing.com – The U.S. dollar fell in early European trade on Friday after weak data fueled concerns of a sharp slowdown in the world’s largest economy, which could prompt the Federal Reserve to ease monetary policy significantly. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against…
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Dollar steadies after Fed-inspired losses; sterling weak ahead of BOE By Investing.com
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The U.S. dollar edged higher in early European trade on Thursday, recovering from heavy losses in the previous session after the Federal Reserve opened the door to a September interest rate cut, while sterling fell ahead of the Bank of England’s latest policy meeting. At 05:45 ET (09:45 GMT), the…
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Dollar backed ahead of Fed meeting; sterling retreats By Investing.com
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The U.S. dollar rose slightly in early European trading on Monday, supported by safe-haven bids as tensions in the Middle East escalated, while sterling fell ahead of a Bank of England policy meeting this week. At 04:50 ET (08:50 GMT), the dollar index, which tracks the greenback against a basket…
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Dollar edges higher on safety bid; sterling drops after weak retail sales By Investing.com
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Investing.com – The U.S. dollar edged higher on Friday, heading for a positive week, while the British pound fell after weak retail sales data. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 104.065, recovering from…
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Sterling needs more than higher UK rates to stay in the fast lane By Reuters
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(This story was corrected to change the company name to BNY from BNY Mellon (NYSE: BNY) in paragraph 7.) By Amanda Cooper and Dara Ranasinghe LONDON (Reuters) – Sterling hit a one-year high on Wednesday as investors sought higher returns as global interest rates began to fall, but strategists said…
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Dollar edges higher; euro, sterling weaker ahead of ECB meeting By Investing.com
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Investing.com – The U.S. dollar was slightly higher on Thursday, while the euro fell ahead of a European Central Bank meeting and sterling fell as wage growth in the U.K. slowed. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Yen jumps on possible intervention, sterling hits one-year high By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The yen rose sharply on Wednesday in a move suspected to be the result of another intervention by Japanese officials to support the currency, which has been battered by a multi-decade low. The yen has made several big moves in recent days, rising…