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Currencies British Pound

  • *FTSE 100 down 0.2 pct. The FTSE 100 fell 0.2 percent to 7,507.89 points, with the biggest dollar-earning stocks, miners and oil majors, the worst-performing as sterling gained against the U.S. currency. "The FTSE has had a pretty good rally, it's verging on overbought now so it might just be a little bit of short-term weariness," Ian Williams, economics and strategy...

  • LONDON, Oct 9- Britain's pound rebounded from its biggest weekly drop in a year on Monday as stronger labour costs data hardened expectations of higher interest rates, and after Prime Minister Theresa May vowed to ward off challenges to her leadership. British labour costs have been growing more strongly than previously announced, the Office for National...

  • *Dollar steady vs yen, down from post-US jobs data highs. LONDON, Oct 9- The dollar steadied close to its highest level in ten weeks on Monday, with strong U.S. wages data at the end of last week giving investors confidence that the Federal Reserve will hike interest rates in December. Sterling was the biggest mover among developed-market currencies, recovering as...

  • LONDON, Oct 9- Britain's pound rose almost 1 percent on Monday, rebounding from its biggest weekly drop in a year, after British Prime Minister Theresa May said she would resist challenges to her leadership. "If Boris Johnson was to leave or be demoted as the weekend press is suggesting, that would be showing May's leadership and that her vision of Brexit is the one...

  • LONDON, Oct 9- Britain's pound rose almost 1 percent on Monday, rebounding from its biggest weekly drop in a year, after British Prime Minister Theresa May said she would resist challenges to her leadership. "If Boris Johnson was to leave or be demoted as the weekend press is suggesting, that would be showing May's leadership and that her vision of Brexit is the one...

  • LONDON, Oct 9- Britain's pound bounced back on Monday from its biggest weekly drop in a year as markets took heart from Prime Minister Theresa May promises to ward off challenges to her leadership. May hinted at the weekend that she may be considering a cabinet reshuffle to reassert her authority, raising questions over the fate of foreign minister and Brexit...

  • LONDON, Oct 9- Britain's pound bounced back on Monday from its biggest weekly drop in a year as markets took heart from Prime Minister Theresa May promises to ward off challenges to her leadership. May hinted at the weekend that she may be considering a cabinet reshuffle to reassert her authority, raising questions over the fate of foreign minister and Brexit...

  • The dollar steadied close to its highest level in ten weeks on Monday.

  • *FTSE 100 up 0.2 pct. "The talk of a leadership plot against the Prime Minister is eroding the pound's value and propping up the FTSE 100," CMC Markets analyst David Madden wrote in a note to clients. Last month sterling strength helped the FTSE 100 to post a slight decline for September, but the currency has since been losing steam and the index has posted its biggest...

  • Bitcoins

    A number of venture capital firms are starting to invest in Initial Coin Offerings, despite the risks.

  • *Sterling hits 4- week lows, UK political worries weigh. SINGAPORE, Oct 6- The dollar hit seven-week highs versus a basket of currencies on Friday, supported by hopes for progress on U.S. tax reforms, while sterling was under the gun on worries over a possible leadership battle in the British government. Congressional Republicans moved to hasten an overhaul of the...

  • US Dollar notes and euro coins are arranged for a photograph on Sept. 11, 2017.

    The U.S. dollar tumbled on Friday on a report that North Korea is preparing to test a long-range missile, overturning earlier gains.

  • SINGAPORE, Oct 6- The dollar touched a fresh seven-week high versus a basket of currencies on Friday, supported by hopes for progress on U.S. tax reforms, with traders looking to U.S. jobs data for near-term catalysts. Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, with the Republican-controlled House of Representatives...

  • LONDON, Oct 5- Britain's pound skidded almost 1 percent against the dollar on Thursday in what looked likely to be its worst week for a year, as investors worried about a possible leadership battle at the top of the government. The pound fell to as low as $1.3121 against a dollar that was strengthening across the board, its weakest since Sept. 8. "What is happening today...

  • LONDON, Oct 5- The dollar settled just below a seven-week high on Thursday as investors consolidated positions though the economic outlook kept sterling and the Australian dollar under pressure. "The main reason we think theres a chance we will continue to see a dollar recovery is that the market is too soft when it comes to expectations," said Richard Falkenhall,...

  • LONDON, Oct 5- The dollar settled just below a seven-week high on Thursday as investors consolidated positions though the economic outlook kept sterling and the Australian dollar under pressure. "The main reason we think theres a chance we will continue to see a dollar recovery is that the market is too soft when it comes to expectations," said Richard Falkenhall,...

  • LONDON, Oct 5- The dollar settled just below a seven-week high on Thursday as investors consolidated positions though the economic outlook kept sterling and the Australian dollar under pressure. "The main reason we think theres a chance we will continue to see a dollar recovery is that the market is too soft when it comes to expectations," said Richard Falkenhall,...

  • LONDON, Oct 5- The dollar settled just below a seven-week high on Thursday as investors consolidated positions though the economic outlook kept sterling and the Australian dollar under pressure. "The main reason we think theres a chance we will continue to see a dollar recovery is that the market is too soft when it comes to expectations," said Richard Falkenhall,...

  • The U.S. dollar index rose to seven-week highs on Thursday as data pointed to solid U.S. growth.

  • LONDON, Oct 5- Britain's pound skidded half a percent to three-week lows against the dollar and euro on Thursday, as investors worried about Prime Minister Theresa May's ability to cling onto power after a poorly-received speech the previous day. May had wanted to use the annual Conservative party conference to pitch herself as the only person able to deliver...