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British Pound

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  • LONDON, March 5- Sterling rose to its strongest since late 2007 against the euro on Thursday, bolstered by signs that the European Central Bank might have to plough on with outright money-printing far into next year or longer to restore growth to the euro zone. In a volatile few minutes during ECB president Mario Draghi's post-meeting news conference, sterling...

  • BoE keeps rates on hold: Reaction  Thursday, 5 Mar 2015 | 6:45 AM ET

    The Bank of England has announced this month's rate decision, which remains unchanged. Peter Chatwell, interest rate strategist at Mizuho International, gives his response, whilst discussing the sterling currency.

  • Bank of England investigated by fraud office  Thursday, 5 Mar 2015 | 6:00 AM ET

    Commenting on investigations into fraud at the Bank of England, Andrew Goodwin, senior U.K. economist at Oxford Economics says the central bank needs to be more transparent.

  • Sterling steady ahead of central bank meetings Thursday, 5 Mar 2015 | 4:34 AM ET

    The Bank of England publishes its March policy decisions at 1200 GMT and is expected to add nothing immediately to the debate over the timing of a interest rate rise, now seen likely early next year. "The euro-dollar fall is dragging the pound down against the dollar and the euro can't fall too fast from here," said Kit Juckes, a strategist with Societe Generale in...

  • Dollar gets data boost; euro sags below $1.11 Wednesday, 4 Mar 2015 | 3:30 PM ET

    The dollar reached highs on Wednesday on solid U.S. jobs and business data, as the euro sank below $1.11 to an 11-1/2 year low.

  • LONDON, March 4- Sterling fell to a three-week low against the dollar on Wednesday after growth in Britain's dominant services sector eased in February lagging the United States where growth picked up modestly last month. The UK Markit/CIPS UK Services Purchasing Managers' Index slipped more than expected to 56.7, from 57.2 in January, and well below a Reuters...

  • USD pulls back from 11-YR peak; ECB, jobs data eyed Tuesday, 3 Mar 2015 | 4:13 PM ET

    The dollar softened on Tuesday after touching an 11-year high against major currencies.

  • LONDON, March 3- Sterling rose on Tuesday after a survey of construction managers came in better than expected, reinforcing a brighter economic start to a year that also features political uncertainty. By late afternoon in London, sterling was up just under 0.1 percent at 72.75 pence per euro, near Monday's seven-year low of 72.35. "Sentiment for the pound is...

  • LONDON, March 3- Sterling inched into positive territory on Tuesday after a survey of construction managers came in slightly better than expected, reinforcing a generally brighter economic start to a year that also features political uncertainty. "Sentiment for the pound is positive this year," said Jake Trask, a corporate dealer with broker and currency...

  • Dollar nudges 11-year high as euro gives up gains Monday, 2 Mar 2015 | 3:27 PM ET

    The dollar edged up with the greenback touching an 11-year peak despite soft economic data.

  • LONDON, March 2- Sterling fell on Monday, retreating from a seven-year high against the euro and an eight-week peak against the dollar as the prospect of an unsettling British parliamentary election in May clouded the outlook. Last week, sterling hit a more than six-year high against a trade-weighted basket of currencies on expectations the Bank of England...

  • LONDON, March 2- Sterling fell on Monday, retreating from a seven-year high against the euro and an eight-week peak against the dollar as May's potentially unsettling general election clouded the outlook for the British currency. "The BoE has been reacting a little more hawkish to the recent better than expected UK economic data. This has lifted sterling back to...

  • Dollar flat, set to extend monthly winning streak Friday, 27 Feb 2015 | 3:43 PM ET

    The dollar index ended stayed on track for a record eighth month of gains on improving data and comments from Fed officials.

  • Dollar reaches 1-month high on data, Fed remarks Thursday, 26 Feb 2015 | 4:01 PM ET
    Janet Yellen

    The dollar rose to a one-month high as data on U.S. inflation and business orders and Fed officials' remarks.

  • Sterling scales 7-year high against struggling euro Thursday, 26 Feb 2015 | 11:24 AM ET

    LONDON, Feb 26- Sterling rose to a seven-year high against the euro on Thursday, as interest rate expectations moved further in favour of British assets just days before the European Central Bank embarks on a huge asset-buying spree. The pound had earlier drawn support from steady economic growth in Britain, although a drop in business investment made some...

  • LONDON, Feb 26- Sterling traded firm near an eight-week high against the dollar on Thursday, drawing support from steady economic growth in Britain, although a drop in business investment was likely to make some investors cautious. Sterling was a tad higher, trading at $1.5535, having hit a eight-week high of $1.5554 in Asia. "Sterling/dollar traded higher as UK...

  • Dollar weakens as Yellen indicates no rush on rates Wednesday, 25 Feb 2015 | 3:22 PM ET

    The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.

  • Sterling steadies after hitting 8-week high Wednesday, 25 Feb 2015 | 1:00 PM ET

    LONDON, Feb 25- Sterling steadied after hitting an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared with its peers in Europe, which has helped drive British shares to record levels. The gains also seem broadly the product of a steadying of expectations for the Bank of England to deliver an interest...

  • Sterling tops $1.55 to hit 8-week high Wednesday, 25 Feb 2015 | 4:07 AM ET

    LONDON, Feb 25- Sterling touched an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared to its peers in Europe, which has helped drive British shares to record levels. In the past month it has also bounced 3 percent higher against China's yuan and dealers say sterling is benefiting broadly from the...

  • Dollar slips as Yellen shows no rush to raise rates Wednesday, 25 Feb 2015 | 12:11 AM ET

    The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.