Currencies
British Pound
LONDON, Aug 18- Britain's pound edged lower against the dollar on Friday and is set for its biggest weekly decline in more than two months as investors lightened positions after the week of lackluster data quashed expectations of policy tightening in the coming months. "The sentiment in the pound remains heavy due to the Brexit risks, complex negotiations,...
The yen gained against the dollar as nerves over stock market valuations and the future of an 8-year global rally seeped into other assets.
LONDON, Aug 18- Britain's pound fell against the euro on Friday and was poised for a third consecutive week of losses as a global selloff in risky assets prompted investors to cut bets after a week of tepid U.K. data. With growing market expectations that the Bank of England is unlikely to raise interest rates over the coming months due to Brexit-related risks and...
LONDON, Aug 17- Sterling edged past 91 pence per euro on Thursday after a mixed batch of UK retail sales figures helped investors put aside nerves over the economy and Brexit talks that have driven the currency to its weakest since October. The pound gained 0.2 percent on the day to 91.10 pence per euro, but was flat against the dollar at $1.2883.
LONDON, Aug 17- Sterling edged past 91 pence per euro on Thursday after a mixed batch of UK retail sales figures helped investors put aside nerves over the economy and Brexit talks that have driven the currency to its weakest since October. The pound gained 0.2 percent on the day to 91.10 pence per euro, but was flat against the dollar at $1.2883.
The dollar rose but was volatile as rumors swirled about the possible resignation of Gary Cohn.
The dollar fell on Wednesday after the release of minutes from the Federal Reserve's July meeting.
"The weak data and the negative headlines around Brexit negotiations is weighing on sterling and if we get through the 92 cents against the euro line, then we are well into uncharted territory," said Viraj Patel, an FX strategist at ING in London. Britain outlined plans for a future customs agreement with the European Union on Tuesday and an interim deal to ease...
The dollar rose to its highest level against a basket of major currencies in nearly three weeks.
Gerard Lyons, chief economic strategist at Netwealth, discusses the U.K.'s latest inflation data.
LONDON, Aug 15- Sterling slipped to one-month lows on Tuesday as the dollar's rebound against a broad basket of currencies prompted investors to execute some short bets against it. "The political cycle picks up in September and until then sterling is likely to remain sidelined, broadly tracking the dollar and other factors," said Adam Cole, chief FX strategist at...
LONDON, Aug 15- Sterling slipped to one-month lows on Tuesday as the dollar's rebound against a broad basket of currencies prompted investors to execute some short bets against it. "The political cycle picks up in September and until then sterling is likely to remain sidelined, broadly tracking the dollar and other factors," said Adam Cole, chief FX strategist at...
The dollar rose as traders unwound bearish bets against the U.S. currency in the wake of increasing tensions with North Korea.
LONDON— Industrial output across the 19 countries that make up the eurozone fell in June, official figures showed Monday, in a development that likely illustrates the export-sapping impact of the rising euro. Against the British pound, the euro's benefited from worries over Britain's scheduled exit from the European Union, with some market forecasters now...
Matthew Riley, head of research of PRCG at Natixis Global Asset Management, speaks about shifts in asset allocation since Brexit has gotten underway.
The dollar fell against a basket of currencies on Friday, after data showed U.S. consumer prices rose less than expected in July.
LONDON, Aug 11- Sterling fell to a fresh 10- month low against the euro on Friday as investors added bearish bets against the British currency on concerns the economy may be struggling to gain momentum. "Liquidity is usually quite thin in the summer months but that said this is a continuation of the trend in recent weeks that the British economy isn't doing all that...
The U.S. dollar slipped to an eight-week low against the Japanese yen on Thursday.
LONDON, Aug 10- Sterling touched a three-week low against the dollar on Thursday as a mixed bag of output and trade data did little to alter investors' downbeat view of an economy struggling to meet Bank of England targets. "Although the industrial data is slightly better than expected, it doesn't materially change the growth outlook," said Sam Lynton-Brown, a...
LONDON, Aug 10- Sterling touched a three-week low against a recovering dollar on Thursday, as a mixed bag of output and trade data did little to alter investors' downbeat view of an economy struggling to meet Bank of England targets. "Although the industrial data is slightly better than expected, it doesn't materially change the growth outlook," said Sam...
