Defiant pound sees biggest monthly rise since 2020 – but still trails most peers
The pound has pulled off its biggest monthly increase against the U.S.
Britain’s struggling currency will not regain its losses against the U.S.
Sterling, down about 15% this year and wallowing around 2-1/2 year lows against the dollar, was expected to hover near Tuesday’s $1.16 level in one and three months time.
UK political upheaval and stagflation fears weigh on pound
Many currencies are struggling against the greenback, which has been galvanised by the US Federal Reserve’s stated intention to continue raising its key rates.
Pound at two-year low after two senior UK cabinet ministers quit
Sterling slumped against to a two-year low against the dollar on Tuesday as a crisis in British Prime Minister Boris Johnson’s government compounded pressure on a currency already reeling from recession fears and a resurgent greenback.
Crypto giant Tether to launch Sterling-pegged stablecoin
Major crypto firm Tether said on Wednesday it will launch next month a “stablecoin” pegged to the British pound, a move that comes as London draws up plans to regulate the fast-growing type of digital currency.
Exclusive-Barclays veteran trader Nat Tyce to leave bank – memo
Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank’s highest-flying divisions.
Toxic Cocktail Darkens Outlook For British Pound
Toxic cocktail darkens outlook for British pound
Global stocks mixed as Fed vows to keep interest rates low
The economic outlook remains exceptionally uncertain, with the Covid-19 pandemic continuing to exert a substantial toll on economies and societies.
US stocks resume downward slide as sterling falls further
Large tech companies have been major beneficiaries during the coronavirus pandemic.
Pound strikes five-month peak above $1.30
Global stocks generally rose on positive sentiment about US-China trade and healthy corporate earnings.
Pound dips as Brexit saga drags but hopes for deal lend support
Lawmakers voted to force Johnson to ask the European Union for another Brexit delay.
Wall Street stocks pull back; Sterling rises again
Stock markets elsewhere were mixed, while the pound rose following a topsy-turvy session on shifting Brexit sentiment.
European stock markets advance as British pound slides
The pound fell to $1.2271, the lowest point in nearly four weeks
Pound resilient as Brexit plot thickens
The British pound found strength against other major currencies as investors gain confidence.
US Dollar Poised To Gain But Will Weaken In H2 2019: IBT Poll
Slower U.S. growth expectations and the Federal Reserve’s more gradual approach towards interest rate hikes will weigh on the U.S. dollar in the second half of the year, analysts said in a poll conducted by International Business Times.
Is the honeymoon between Donald Trump and the financial markets over?
Pointers from the financial market’s performance in 2018
Fresh Brexit deal hope drives pound to highest level since EU referendum
Sterling climbs above $1.40 early on Tuesday, reaching its highest level since June 2016’s Brexit referendum.
Pound surges to two-month high amid reports of agreement over £50bn Brexit bill
Agreement over Brexit bill could unlock next phase of key negotiations with the European Union next month.
Pound plunges as EU and Tory MPs pile pressure on Theresa May
Sterling tumbles against its main rivals amid growing uncertainty over the government’s future and Brexit negotiations.
Pound stems ‘Super Thursday’ losses after upbeat economic data
Sterling climbs against euro and dollar as it pares losses incurred in the aftermath of Bank of England’s historic rate hike.
Pound recovers as Britain’s public sector spending falls to 10-year low
Sterling had fallen overnight against the US dollar following Federal Reserve decision to hike interest rates.
Pound surges to highest level since Brexit vote as rates rise looms large
Sterling climbs above $1.36 after BoE policymaker suggests rate rise could happen in November.
Pound hits one-year high against US dollar after Bank of England paves way for November rate hike
BoE votes 7-2 in favour of keeping interest rates unchanged but signals monetary policy could soon be tightened.
UK retail sales increase in July as demand for food surges
Retail sales rise 0.3% month-on-month in July, beating forecast for 0.1% gain.
‘Super Thursday’ or Damp Weekday: Pound slumps on Mark Carney’s comments
Sterling tumbles below €1.11 as Bank of England holds fire on interest rates.
Pound spikes to 10-month high ahead of ‘Super Thursday’
The British currency soars as traders look to Bank of England for market direction.
Pound rises ahead of GDP data as UK’s factory output hits 22-year high
Sterling climbs above $1.30, as investors await figures on UK’s economic growth.
Euro rallies but Draghi insists the ECB has not discussed ending stimulus programme
ECB President says premature tightening of economic policy would jeopardise recovery in the Eurozone.
Profits at Sports Direct dive almost 60%, pummelled by a weak pound
But billionaire owner Mike Ashley said the business is on track “to become the ‘Selfridges’ of sport”.
Squeeze on household budgets eases as inflation tumbles unexpectedly
UK inflation rises 2.6% year-on-year in June, compared with forecast for 2.9% growth.
