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POUND FISCAL WORRIES
Forex math: Why weak rupee could be biggest growth driver for IT stocks this Q4 result seasonIndia's IT stocks are finding an unexpected boost from a weaker rupee, which analysts predict will cushion margins this Q4 results season. ...- Rupee sinks past 93 per dollar to record low as Iran war risks deepenThe Indian rupee has hit a record low against the US dollar. This decline is driven by worries over global energy supply disruptions caused...
- Rupee breaches 93 per dollar to hit record low as Iran war risks deepenThe Indian rupee has reached a new low against the US dollar. This is due to disruptions in global energy supplies from the Middle East con...
- IMF says UK should not scrap twice-yearly economic forecastsIn a recent advisory, the International Monetary Fund has urged the United Kingdom to maintain its biannual economic forecasts. However, th...
- UK bond yields jump again on US data surprise and budget worriesBritish government bond yields surged following stronger-than-expected U.S. economic growth data, intensifying concerns about the UK's fisc...
- Sterling, yen dragged by fiscal and political worriesThe British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK's borrowing costs surged, impac...
- Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely avertedThe euro gained on Friday after German parties agreed on a fiscal deal that boosts defence spending and infrastructure. The dollar weakened...
- Dollar rises towards highest in over 2 years, euro up, yen fallsThe dollar reached near its strongest level in over two years as economic data led investors to reduce expectations for Federal Reserve rat...
- Europe's STOXX 600 hits one-week high; focus on UK's fiscal U-turnThe sharp reversal in mood also put the STOXX 600 on pace for a weekly gain, erasing losses it suffered till Thursday's session on worries ...
- Bank of England not considering extension, to end bond-buying plan Friday, read detailsAfter reports that the Bank of England will reverse its decision to stop supporting the bond market on Friday, the pound has seen volatile ...
- Pound plunges to new 1985 low under $1.10 after UK's tax cut packageIn afternoon deals, sterling slumped 2.7 percent to $1.0956, which was last seen in 1985 -- when it had struck an all-time low of $1.0520.
- Pound falls to 37-year low as poor retail sales lift economic woesThe pound fell more than 1% against the dollar to 1.1351, its lowest since 1985, its fall accelerating once it passed through the then 37-y...
- Dollar holds gains on safety bid as uncertainty grows on several frontsThe dollar last stood at $1.1744 per euro, holding onto a 0.6% gain from the previous session. The pound traded at $1.2936, nursing a 1% lo...
- EU progress and vaccine hopes keep pressure on dollarAgainst a basket of currencies the dollar traded at a more than four-month low of 95.687 while the pound extended overnight gains to a one ...
- Coronavirus impact: JLR to put about 20k employees in UK on furloughThe Tata Motors spokesperson said the British subsidiary was working towards an orderly return to production as soon as conditions permitte...
- Jaguar Land Rover is headed for a cash crashFree cash flow remains in the red, at a negative 361 million pounds in the December quarter.
- Rupee dips 2 paise to 70.20 against US dollarRising domestic fiscal deficit worries, firming crude prices and sustained foreign fund outflows weighed on the local unit.
- Raw nut prices worry cashew exportersCashew kernel exports at 8,680 tonnes valued at Rs 586 crore in January is up 17% in quantity and 46% in value from a year ago.
- Economists: Britain's austerity plan to hit poorEconomists say British austerity measures which will slash benefits and services are likely to hit poor people the hardest.
- How long will the dollar continue its ‘slow leak?’The American dollar is getting as much respect these days as US war policy.
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