Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday.» Read More
Michael Sneyd, FX strategist at BNP Paribas, says that he thinks the Bank of England will hike rates sooner than analysts predict. However, the timing depends on the U.K. election outcome, he says.
The Bank of England has kept its interest rate unchanged at 0.5 percent.
ICAEW has published a survey suggesting that UK businesses are sitting on cash surpluses and are less likely to invest until they feel more secure. Stephen Ibbotson, director of business at ICAEW, explains more.
Brian Hilliard, chief UK economist at Societe Generale, explains why he thinks there's a 25 percent chance of a "Brexit" referendum and the consequences that could come of it.
With the Bank of England meeting today, as the UK inflation hits zero, Brian Hilliard, chief UK economist at Societe Generale, talks about his expectations for today and the future of the UK economy, saying the next BoE rate hike will be in 2016.
The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
The dollar cut early losses but continued to feel the carry-over effects of a disappointing U.S. jobs report from Friday.
An exciting U.K. election could mean big profits for traders. Kathy Lien of BK Asset Management and Andrew Burkly of Oppenheimer discuss with Amanda Drury.
The dollar fell for a second straight day, as investors pared back hefty positions ahead of a U.S. non-farm payrolls report.
The dollar fell at the start of the second quarter on disappointing data on U.S. manufacturing and jobs growth.
The sharp decline in the Russian ruble against the dollar caused high-end residential rental prices in Moscow to tank some 16 percent last year.
Data showing Britain's manufacturing sector grew at the fastest rate in eight months in March gave the pound little respite. Attention is swinging to a seven-way TV debate between Britain's party leaders on Thursday, which will shed the spotlight on the political risks ahead. The inclusion of seven parties in Thursday's debate, including the anti-EU UKIP, is...
LONDON, April 1- Political worries trumped good economic news for sterling on Wednesday, sending it down against the dollar and the euro ahead of a seven-way TV debate between Britain's party leaders the following day. Data showing Britain's manufacturing sector grew at the fastest rate in eight months in March gave the pound only brief respite.
The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever.
"Sterling was outperforming the euro as a function of the move in euro/dollar but the better than expected UK GDP data increased the propensity of sterling to do better than the euro," said Jane Foley, senior currency strategist at Rabobank. The fact that consumption remains strong suggests that there is no real risk of the Bank of England having to cut interest...
The euro is seen clocking up its biggest quarterly decline at the end of March since its launch in 1999 — and could fall even further over the coming months.
David Greene, head of dealing at AFEX Australia, says the cable will likely focus on political risks, with the U.K. set to hold its general election on May 7.
The euro slumped against the dollar on worries over whether Greece would secure aid before it runs out of cash in three weeks.
The U.S. dollar edged lower against a basket of major currencies on Friday after comments from Federal Reserve Chair Janet Yellen.