Renewed sales of the Australian dollar were the main move on major currency markets on Tuesday.» Read More
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.
The euro recovered from a 11-month low against the dollar, helped by better-than-expected German private sector growth data.
Michael Sneyd, FX analyst at BNP Paribas, says euro/dollar is a more attractive trade than cable as the Bank of England and Federal Reserve are both taking a hawkish stance.
U.S. housing starts surged past expectations in July, snapping two straight months of declines.
LONDON, Aug 19- Sterling hit a four-month low against the dollar and a near two-month trough versus the euro on Tuesday after weaker-than-expected inflation data eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.
*Data also points to softer outlook for New Zealand dollar. WARSAW, Aug 19- Sterling and the New Zealand dollar were the main losers on major currency markets on Tuesday, hit respectively by a bigger than expected fall in inflation and lower government forecasts for growth.
LONDON, Aug 19- Sterling fell to a four-month low against the dollar and slipped towards a two-month trough versus the euro on Tuesday, after data showed British inflation fell more than expected and eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.
The US dollar rose against a basket of major currencies on Monday on reduced concerns over Russia and Ukraine and positive US housing data.
*Carney tells Sunday Times UK rates may rise before pay recovers. LONDON, Aug 18- Sterling was the main mover on major currency markets on Monday, recovering from last week's multi-month lows after the Bank of England said interest rates might have to rise before wage inflation picks up.
*Carney tells Sunday Times UK rates may rise before pay recovers. SYDNEY, Aug 18- Sterling rose on Monday after the Bank of England indicated that UK interest rates may have to rise even before wage growth recovers, backtracking from earlier comments that prompted markets to push out the risk of a rate hike.
The dollar failed to get a safe-haven boost despite news that the Ukraine-Russia conflict had entered a potentially dangerous phase.
*UK GDP data cold comfort for sterling. LONDON, Aug 15- The euro was on track for a second week of losses against the dollar on Friday, and hovered near five-month lows against the Swiss franc, on concerns about the euro zone's economic prospects and expectations for more stimulus. The data confirmed that the UK economy grew at its fastest annual pace in over six years.
*UK GDP data in focus in European session. LONDON, Aug 15- The euro was on track for its fifth week of losses against the dollar on Friday, and hovered near five-month lows against the Swiss franc on growing worries about the euro zone's gloomy economic prospects and more monetary stimulus.
A robust U.S. 30-year bond auction supported Treasuries prices in general and weighed on yields, which has underpinned the greenback, analysts said.
Simon Derrick, chief currency strategist at BNY Mellon, says the market was "overexcited" about the prospects of a U.K. rate hike and discusses the price movement of sterling.
By Ian Chua and Masayuki Kitano. SYDNEY/ SINGAPORE, Aug 14- Sterling set a fresh four-month low on Thursday, staying on the defensive after the Bank of England surprised investors the previous day by signalling it was in no hurry to raise interest rates.
SYDNEY, Aug 14- Sterling languished at four-month lows early on Thursday, having taken the honors of the worst-performing major currency after the Bank of England signaled it was in no hurry to raise interest rates.
LONDON, Aug 14- Bank of England Governor Mark Carney is gaining a reputation for upsetting the financial markets. In June, he made sterling leap by warning investors that they were not sufficiently pricing in the chance of an early increase in Britain's record-low benchmark interest rates.
LONDON, Aug 13- Sterling fell on Wednesday after a Bank of England report forecast subdued growth in wages in coming months, leading markets to push back until early next year expectations of when monetary policy will tighten.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.