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Currencies British Pound

  • LONDON, July 4- Sterling edged down on Tuesday after a survey of Britain's construction sector showed growth cooling in June, adding to signs that the economy might be struggling to gain momentum after a slow start to the year. The pound, which at the start of the week was trading less than half a cent away from nine-month highs on bets the Bank of England could raise...

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    The dollar dipped against the yen on Tuesday after North Korea's missile launch deepened geopolitical concerns.

  • BOE didn't need to cut interest rates so quickly after Brexit vote: Aberdeen Asset Management

    James Athey, global fund manager at Aberdeen Asset Management, discusses monetary policy at the Bank of England.

  • The dollar recorded its best day in four months on Monday, starting the new quarter on a strong note.

  • LONDON, July 3- Sterling fell back below $1.30 against a broadly weaker dollar on Monday, after poorer-than-expected data from Britain's manufacturing sector led investors to think twice about whether the Bank of England will raise interest rates this year. The data suggested that the supposed silver lining of the weakening of sterling caused by Britain's...

  • LONDON, July 3- British factories grew more slowly than expected in June as export orders rose at the weakest pace in five months, according to a survey on Monday that might disappoint Bank of England officials who favor raising interest rates. Sterling, which jumped last week on expectations of a BoE shift towards higher borrowing costs, fell after the...

  • LONDON, July 3- Sterling slipped back below $1.30 on Monday after weaker-than-expected data from Britain's manufacturing sector led investors to think twice about whether the Bank of England will raise interest rates this year. The data suggested that the supposed silver lining of a currency weakened by Britain's vote to leave the European Union last year-...

  • All risk comes back to political risk: Global Counsel

    Lord Paul Myners, vice chairman at the Global Counsel, discusses political risk as well as issues facing the Bank of England.

  • LONDON, July 3- Sterling steadied just above $1.30 on Monday, staying close to a six-week high, as traders eyed data from Britain's manufacturing sector for a steer on whether bets that the Bank of England will hike interest rates this year are justified. It climbed almost 2.5 percent to reach as high as $1.3030 after BoE Governor Mark Carney said a rate rise was...

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    The dollar is on course for its worst quarter in seven years on Friday, recovering only marginally against major peers after a week of hawkish central bank jawboning.

  • *Asia ex- Japan, Nikkei fall on risk aversion but up for quarter. SINGAPORE, June 30- The dollar extended its losses on Friday as major central banks signalled that the era of cheap money was coming to an end in a boon to sterling, the euro and the Canadian dollar, while Asian shares were hit by dismal performances of European and U.S. markets. "International markets...

  • *Asia ex- Japan, Nikkei fall on risk aversion but up for quarter. SINGAPORE, June 30- The dollar extended its losses on Friday as major central banks signalled that the era of cheap money was coming to an end in a boon to sterling, the euro and Canadian dollar, while Asian shares were hit by dismal performances of European and U.S. markets. "International markets...

  • Britain's consumers have suffered a sharp loss of confidence amid rising inflation and weakening wage growth, a survey showed on Friday.

  • *Sterling climbs to five-week high above $1.30. NEW YORK, June 29- The euro and sterling rose on Thursday and U.S. bond yields spiked as hawkish comments from central banks signaled an end to ultra-loose monetary policy on both sides of the Atlantic, while technology shares dragged Wall Street stocks lower. "Part of the reason why tech is down today is the steam in the...

  • *Tech selloff drags Wall St lower; bank stocks rise. NEW YORK, June 29- The euro rose on Thursday alongside sterling and U.S. bond yields as a slew of hawkish comments from central banks signaled the era of ultra-loose monetary policy is ready to sunset across the Atlantic. "Part of the reason why tech is down today is the steam in the recent rotation out of some of big...

  • The dollar downdraft persists as non-U.S. central banks are seen as hawkish.

  • *Tech selloff drags Wall St lower. NEW YORK, June 29- The euro rose on Thursday alongside sterling and bond yields as a slew of hawkish comments from central banks signaled the era of ultra-loose monetary policy is ready to sunset across the Atlantic. "Part of the reason why tech is down today is the steam in the recent rotation out of some of big tech winners and into...

  • LONDON, June 29- Sterling rose above $1.30 for the first time in five weeks on Thursday, with investors taking stock of increasing signs the Bank of England is looking at tightening monetary policy. After losing more than 2 percent against the dollar when Prime Minister Theresa May lost her parliamentary majority in the June 8 election, the pound has recovered as...

  • *Markets scent beginning of end of easy policy in UK, EU, Canada. *Sterling briefly tops $1.30, highest since before UK election. LONDON, June 29- The euro surged to its highest in over a year on Thursday, while sterling, bond yields and global shares also climbed, as a slew of hawkish comments from central banks signalled the era of easy money might be coming to an end not...

  • Markets scent beginning of end of easy policy in UK, EU, Canada. *Sterling approaches $1.30, hits highest since before UK election. LONDON, June 29- The euro surged to its highest in over a year on Thursday, while bond yields and global shares also climbed, as a slew of hawkish comments from central banks signalled the era of easy money might be coming to an end for more...