Pound Sterling jumps to two-month high on steady UK employment data

The Pound Sterling gains sharply against its major peers after the release of the UK employment data.The UK ILO Unemployment Rate came in steady at 4.7%, as expected.Investors expect the Fed to cut interest rates on Wednesday.The Pound Sterling (GBP) attracts bids against its major peers on Tuesday, reaching its highest level in more than two months against the US…

Hedge fund Arrowpoint seeks new money by March

Hong Kong: Arrowpoint Investment Partners aims to raise as much as US$400mil of fresh capital by the first quarter, as the multistrategy hedge fund firm expands the number of investment teams, says a person with knowledge on the matter.The US$1.2bil firm, helmed by former Millennium Management Asia co-chief executive officer Jonathan Xiong, is accepting additional money for the first time…

GBP/USD climbs as Fed-BoE policy divergence favors Sterling

GBP/USD climbs as Fed-BoE policy divergence favors Sterling The Pound Sterling (GBP) advances during the North American session on Monday as traders are set to digest monetary policy meetings by major central banks across the Atlantic. Expectations for the first rate cut by the Federal Reserve (Fed) in nine months, and the Bank of England (BoE) keeping rates unchanged, would likely underpin the…

Weather
14°C
London
overcast clouds
15° _ 13°
78%
7 km/h
Tue
19 °C
Wed
18 °C
Thu
24 °C
Fri
26 °C
Sat
23 °C

Follow US

Latest News

South Korea proposes ‘unlimited’ currency swap with US

Mandatory cookies are used on our website www.aa.com.tr in order to provide…

EUR/JPY breaks below 173.00 as Fitch Ratings downgrades France’s credit rating

EUR/JPY depreciates as Fitch Ratings downgraded France’s credit rating from “AA-” to…

Record breaking Euro 2025 delivered Swiss hosts €220m of economic impact

September 14 – UEFA’s record-breaking Women’s EURO 2025 saw a €220 million…

Pound Sterling volatility to be driven by Fed & BoE policy decisions

Pound Sterling retested a stiff resistance near 1.3600 versus the US Dollar.GBP/USD…

From DAX to Nifty: What 10 years of global market data tells investors

SynopsisWelcome to TrendMap, your visual guide to investment performance. This edition tracks…

Japanese Yen flat lines near 147.50 as Fed rate cut bets grow

USD/JPY trades flat around 147.60 in Monday’s early Asian session.The Fed is…

Taiwan insurers may boost FX hedging to protect foreign assets

Wagers on local dollar gains, along with stronger demand for protection, can…

Bank cards, foreign currency and false documents found during Garda money laundering search

Gardaí have arrested two people as part of a money laundering investigation…