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Currencies British Pound

  • An Indian man counts US dollar notes as he poses for a picture at the local currency exchange shop in Mumbai.

    The dollar index fell to its lowest level since June 2016 as the euro rose to its highest point since August 2015.

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • The dollar languished near a 13-month low against a basket of currencies on Tuesday.

  • LONDON, July 24- Sterling recovered from its worst week against the euro in nine months on Monday as investors took profit on gains for the single currency and ministers talked up a transitional deal to smooth Britain's exit from the European Union. The pound lost more than 2.5 percent against the euro last week, hitting an eight-month low of 89.94 pence on Friday,...

  • LONDON, July 24- Sterling edged up against the euro on Monday, recovering from its worst week against the single currency in nine months and its lowest levels this year, as the euro dipped on weak German manufacturing data. The pound lost more than 2.5 percent against the euro last week, hitting an eight-month low of 89.94 pence on Friday, as the single currency...

  • The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday.

  • LONDON, July 21- Sterling edged down against the euro on Friday, close to an eight-month low and capping its worst week since October, as the euro rallied across the board on bets the European Central Bank is on track to tighten monetary policy next year. By 1430 GMT the pound was trading down 0.1 percent on the day at 89.76 pence, having earlier touched 89.91 pence.

  • LONDON, July 21- Sterling steadied on Friday but was on track to record its worst week against the euro in nine months, with the single currency rallying across the board on bets that the European Central Bank was on track to tighten monetary policy next year. Against the dollar, sterling was trading up around 0.1 percent at $1.2990, having earlier in the week traded...

  • The U.S. dollar recovered some losses against the euro on Wednesday after touching a more than one-year low in the prior session.

  • The dollar fell to its lowest in nearly two years against the euro on Thursday after European Central Bank chief Mario Draghi's comments.

  • LONDON, July 19- Sterling slipped back towards $1.30 on Wednesday, adding to falls the previous day after weak inflation data poured cold water on expectations that the Bank of England will hike rates this year. Having priced in a more than 50- percent chance of a 2017 hike before the data, investors are now pricing in only around a 40- percent chance, according to...

  • Weaker pound, down-market Europe a concern: Electrolux CEO

    After Electrolux reported its best quarterly profit in seven years, CEO Jonas Samuelson said a weaker pound and the market being down is still a concern.

  • The dollar hit its lowest against the euro in more than a year on Tuesday, with the broader dollar index touching a more than 10-month low.

  • LONDON, July 18- Sterling flirted with $1.31 on Tuesday as the dollar hit a 10- month low on doubts over the pace of monetary tightening by the Federal Reserve, though upcoming UK inflation data kept gains in check. The pound touched $1.3102 in early trade after unsuccessfully trying to clear 1.31 in the last two sessions. "Dollar weakness is giving a lift to other...

  • 100 dollar bills

    The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday.

  • By Jemima Kelly and Patrick Graham. LONDON, July 17- Sterling slipped back below $1.31 on Monday, with signs of division as the Conservative government wades into Brexit talks weighing on the currency after it soared to its highest levels in 10 months. Four days of Brexit negotiations began in Brussels on Monday with the UK papers full of warnings from academics,...

  • LONDON, July 17- Sterling slipped back below $1.31 on Monday after soaring to its highest levels in 10 months at the end of last week on a broad dollar sell-off. Brexit Secretary David Davis, in the Belgian capital for talks with the European Union's chief negotiator Michel Barnier a month after a first meeting, said on Monday that having "made a good start" during...

  • The dollar index fell on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about growth.

  • LONDON, July 14- Sterling hit its highest point against the dollar in 10 months on Friday, climbing 1 percent after data further undermined expectations for more hikes in U.S. interest rates. It rose as high as $1.3088 after a closely watched survey of U.S. consumer sentiment came in worse than forecast at 1400 GMT and was also half a percent higher at 87.63 pence per...