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British Pound

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  • LONDON, Oct 22- Sterling and the euro suffered in another choppy day on currency markets on Wednesday, the single currency trading briefly below $1.27 for the first time in a week after a news report that raised concerns over European banks. That followed a Reuters report on Tuesday that the European Central Bank was looking at buying corporate bonds to add to the...

  • Euro sell-off after report ECB may buy bonds Tuesday, 21 Oct 2014 | 3:56 PM ET

    The euro fell sharply against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds.

  • UPDATE 1-Strong British pound hits ASOS annual profit Tuesday, 21 Oct 2014 | 2:32 AM ET

    LONDON, Oct 21- British online fashion retailer ASOS posted a 14 percent fall in annual profit, partly due to the strength of sterling hitting sales growth overseas. During the year ASOS also had to cope with the need for major investment in its warehousing, a fire at its Barnsley, northern England, warehouse in June and the launch of its new business in China.

  • Dollar softer after run-up, yen supported by stocks Monday, 20 Oct 2014 | 3:13 PM ET

    Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets.

  • LONDON, Oct 20- Sterling rose against the euro and the dollar on Monday, as traders bought it after last week's sharp losses, with its near-term direction set to be dictated by UK growth data. Third-quarter gross domestic product numbers on Friday could provide some support for the currency, which has been plagued by increasing doubts in the solidity of Britain's...

  • Sterling a touch higher, eyes on data, dollar Monday, 20 Oct 2014 | 5:26 AM ET

    LONDON, Oct 20- Sterling inched higher against the euro and the dollar on Monday, with its near-term direction set to rest on a round of UK data releases and whether this week sees a revival of a broader dollar rally. "There may be some support from the GDP numbers on Friday," said Jane Foley, a strategist with Rabobank in London. "But the message from the Bank of England's...

  • Dollar edges higher on consumer sentiment data Friday, 17 Oct 2014 | 2:27 PM ET

    The U.S. dollar edged higher against a basket of major currencies on Friday after strong data on U.S. consumer sentiment calmed nerves.

  • Dollar recovers broadly on US monetary policy view Thursday, 16 Oct 2014 | 3:13 PM ET

    The U.S. dollar recovered against a basket of major currencies on Thursday on the view that Wednesday's selloff was overdone.

  • Dollar plunges, data signal delayed Fed rate hike Wednesday, 15 Oct 2014 | 10:59 AM ET

    The U.S. dollar hit a three-week low against the euro and a more than one-month low against the yen on Wednesday.

  • *China inflation data takes centre stage in Asia. SYDNEY, Oct 15- The euro and sterling nursed losses early on Wednesday after disappointing data out of Germany and Britain took a heavy toll on both currencies, helping send the dollar index higher. The common currency fell to $1.2640 from a near one-week high of $1.2770 after a closely watched ZEW survey showed...

  • Dollar recovers broadly on weak euro zone, UK data Tuesday, 14 Oct 2014 | 2:38 PM ET

    The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data came out of the euro zone and United Kingdom.

  • *UK inflation, retail sales data hits sterling. NEW YORK, Oct 14- The U.S. dollar recovered against a basket of major currencies on Tuesday after worrying economic data out of the euro zone and United Kingdom underscored the relative health of the U.S. economy. "There is just massive concern about where the European economy is going," said Steven Englander, global head...

  • FOREX-Dollar recovers after U.S. sell-off Tuesday, 14 Oct 2014 | 3:51 AM ET

    *Swedish inflation, UK retail sales hit crown, sterling. LONDON, Oct 14- The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. "It's a bit messy this morning, but to characterize it as risk off would probably be the best way of...

  • Dollar drops over global growth concerns Monday, 13 Oct 2014 | 4:02 PM ET

    The US dollar fell against a basket of major currencies on Monday on concerns that the Fed may delay its first interest rate hike.

  • Can the sterling climb higher?     Monday, 13 Oct 2014 | 11:00 AM ET

    Geoffrey Yu, foreign exchange strategist at UBS, discusses the Bank of England's monetary policy and how best to trade the sterling.

  • Dollar rises for 2nd day on global economy concerns Friday, 10 Oct 2014 | 2:39 PM ET

    The dollar firmed for a second straight session on Friday after three days of losses, bolstered by worries about the health of the global economy.

  • Why currency wars could stave off a Fed rate hike Friday, 10 Oct 2014 | 8:47 AM ET
    Federal Reserve Chair Janet Yellen speaks during a news conference.

    Following the Fed's warning of a strong dollar, investors are reassessing the timing and size of a rate hike, according to currency strategists.

  • Dollar falls to 3-week low vs yen; euro slides Thursday, 9 Oct 2014 | 3:34 PM ET

    The dollar tumbled to a three-week low against the yen on Thursday as investors continued to pare back bullish bets on the greenback.

  • Not much support for sterling rally: Pro     Thursday, 9 Oct 2014 | 7:10 AM ET

    John Hardy, foreign exchange strategist at Saxo Bank, says the sterling rally should "fade really soon" and discusses the outlook for the euro/dollar.

  • Where next for sterling?     Thursday, 9 Oct 2014 | 7:00 AM ET

    Ian Stannard, head of European foreign exchange strategy at Morgan Stanley, says sterling could come under pressure as the market has pushed back its expectation of a BoE rate hike.