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UK STERLING RISE
UK inflation unexpectedly sticks at 13-month low before BoE rate decisionUK inflation remained steady at 2.8% in May, surprising economists and the Bank of England. This data influenced currency markets, with Ste...- Global Market Today: Asian shares surge, oil skids on Gulf dealMarkets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes....
- Dollar poised for largest weekly rise in two months as Fed hike bets increaseDollar surged to a two-month high, fueled by rising energy prices and shipping disruptions, intensifying inflation fears and boosting expec...
- U.S. Stock Market on Wednesday: Dow Jones, S&P 500, Nasdaq to bounce back or Wall Street crash is happening? Check important factorsU.S. Stock Market: U.S. dollar advanced for a second straight session after the economic data and amid uncertainty over the durability of t...
- RBI steps up play in us treasuries, other securitiesIn a strategic pivot, the Reserve Bank of India has cut down its deposits with other central banks and is now channeling more resources int...
- Sterling rises to 12-week high versus weaker dollarThe pound rose to a near three-month high against a broadly weaker dollar on Tuesday, as traders assessed green shoots in the UK economy wh...
- UK launches 'Sterling 20' club to drum up investmentThe UK government has launched the 'Sterling 20' initiative, bringing together 20 major pension funds to boost investment in local infrastr...
- Sterling's stunning rally keeps twitchy currency markets on edgeSterling has hit new highs against the dollar and euro, driven by speculative interest rate bets. Analysts warn these gains could be unstab...
- Fitch cuts outlook for Tata Steel, union optimistic on jobs in UKFitch cut Tata Steel's outlook to negative citing UK operations uncertainty. A delayed 500 million pound grant may cause 2,800 job losses. ...
- How labour party’s election vows stack up for UK marketsLabour party unveils manifesto to control debt, boost homebuilding, and upgrade infrastructure. UK stocks and sterling rally ahead of elect...
- Sterling climbs to highest since August with Fed, ECB cuts weighingSterling rose on Friday against a weakening euro and dollar after signs that the European Central Bank (ECB) and the U.S. Federal Reserve m...
- Sterling heads for longest run of daily losses since 2020The pound dropped for a seventh consecutive day against the dollar, following weak UK private sector growth data in July. The preliminary r...
- Sterling holds gains after rising on UK trade deal with EUBritain and the EU on Monday announced a new deal for post-Brexit trading arrangements for Northern Ireland, known as the Windsor Framework...
- IMF slams UK government tax plans, warns cost-of-living crisis may worsenThe International Monetary Fund (IMF) has criticized the British government's £45-billion tax package. The IMF stated that the tax package ...
- Sterling pulls off 37-year low as a slew of central banks hike ratesThis summer, rising interest rates in Britain have provided little support to sterling amid a gloomy outlook for Britain's economy and a co...
- One of Europe's biggest banks warns UK of balance of payments crisis under Liz Truss govt. Read details hereThe UK could risk a 1970s-era balance of payments crisis with rising energy costs, double-digit inflation, untargeted fiscal stimulus, and ...
- Sterling lifted by better-than-expected UK manufacturing dataSterling rose towards seven-year highs against the euro on Tuesday, helped by stronger-than-expected UK manufacturing data which followed r...
- Housing data, ECB hedges keep sterling well bidThe ECB is widely expected to act to bolster growth that will cut further into yields on euro zone bonds and bills, already way below those...
- Sterling dips, eyes on Bank of England inflation reportSterling's rise to 16 month-highs against the euro stalled and it inched lower against the dollar as investors reined in bets on a stronger...
- Sterling dips before UK inflation reportSterling's rise to 16 month-highs against the euro stalled on Tuesday and it fell against the dollar, hit by investors reining in bets for ...
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