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Currencies British Pound

  • NEW YORK, May 26- The dollar rose on Friday after upbeat U.S. gross domestic product data, while sterling suffered its worst fall since mid-January after a poll showed a narrowing lead for the ruling Conservatives before elections next month. Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the...

  • The dollar rose to a one-week high on Friday after upbeat U.S. gross domestic product data while Britain's pound slipped.

  • *European stocks open down, track Asia. LONDON, May 26- Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. Britain's pound tumbled 0.8 percent to a three-week low of $1.2834 and hit...

  • *Crude recovers after OPEC disappointment. LONDON, May 26- Battered oil prices recovered some ground on Friday as investors looked past disappointment that an OPEC meeting did not produce bigger supply cuts, while sterling slid on a poll showing the ruling Conservatives' lead shrinking, two weeks before an election. European stock markets opened down as...

  • *Lead of UK PM May's Conservatives drops in YouGov poll. LONDON, May 26- Sterling fell to a two-week low on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while commodity-linked currencies inched higher after a recovery in oil prices. In a sign that Britain's June 8 election...

  • We've been bearish on bulling for a long time:

    David Hutchins, portfolio manager for multi-asset solutions at AllianceBernstein, and Neil Dwane, global strategist at Allianz Global Investors, discuss the U.K. economy.

  • *Crude futures tumble after OPEC fails to deepen cuts. SINGAPORE, May 26- Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts. European stock markets look set for a muted...

  • SINGAPORE, May 26- Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election could be more closely contested than previously thought, a YouGov poll published on...

  • SINGAPORE, May 26- Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election could be more closely contested than previously thought, a YouGov poll published on...

  • *Asia stocks slip despite Wall Street scaling new highs. SINGAPORE, May 26- Crude prices were on the defensive on Friday after an agreement by OPEC to extend existing supply curbs disappointed investors wagering on larger cuts, prompting a move away from riskier assets and depressing Asian stocks. The Organization of Petroleum Exporting Countries and some non-...

  • SINGAPORE, May 26- Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger production cuts. Sterling slipped after an opinion poll showed that Britain's opposition Labour Party has cut the lead of Prime Minister Theresa May's Conservatives...

  • The Canadian, Australian and New Zealand dollars all fell solidly on Thursday, tracking a drop in oil prices.

  • 100 dollar bills

    The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback.

  • LONDON, May 24- Britain's pound recovered a foothold on Wednesday after this week's fall from 8- month highs, with traders eyeing U.S. In a light week for data, a more detailed breakdown of UK GDP numbers for the first quarter is due on Thursday. Sterling was 0.1 pecent higher at $1.2972 and 86.18 pence per euro in morning trade in London.

  • *Wall Street rises as Trump federal budget plan released. *Sterling subdued after Manchester attack. NEW YORK, May 23- Oil prices inched up on Tuesday on expectations of a supply cut, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • The dollar struggled to recover ground against other major currencies on Tuesday.

  • LONDON, May 23- Sterling stayed subdued on Tuesday, hovering below seven month-highs against the dollar as investors awaited further developments in Britain's suspended election campaign after a suicide bombing rocked the English city of Manchester. Britain's main political parties agreed to suspend campaigning ahead of the June 8 election until...

  • *Wall Street rises as Trump federal budget plan released. *Euro dips; sterling subdued after Manchester attack. NEW YORK, May 23- Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • *Sterling recovers after dip on Manchester attack. "The noise around the political situation in the U.S. is keeping a lid on the dollar," said Brad Bechtel, managing director FX at Jefferies in New York. President Donald Trump's recent firing of FBI Director James Comey, who was overseeing a probe into possible links between the president's team and Russia, and...

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar struggled to recover ground against other major currencies on Tuesday as stronger German data and low 10- year U.S. "U.S. political risk obviously has came very much to the front of market attention in the past week," said Lee Hardman, a currency economist with Japan's MUFG in London.