• Tory poll lead powers pound to 31-month high against euro
    The Guardian

    Tory poll lead powers pound to 31-month high against euro

    Tory poll lead powers pound to 31-month high against euroPredictions of victory for Conservatives raise City hopes of end to Brexit uncertainty * UK general election – latest news

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks falter on trade uncertainty; sterling gains

    The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. U.S. Treasury yields rose on reports indicating

  • FOREX-Dollar retreats on recent round of weak U.S. data; sterling, euro gain

    * Dollar's Trump bump runs out of puff * Better-than-expected U.S. data on Thursday fails to lift dollar * Sterling best performer this week * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON) By Gertrude

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks keep the faith, sterling gallops higher

    Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week's UK election will lead to a smooth Brexit. Belief a trade deal would be struck stemmed from a Bloomberg report on Wednesday that China and the U.S. were

  • Reuters - UK Focus

    UPDATE 2-Euro zone bond yields rise for a 2nd day as trade deal eyed

    Euro zone government bond yields rose for a second consecutive day, tracking firmer U.S. Treasury yields as investors awaited the next signal from China-U.S. trade negotiations amid mixed messages on the state of talks. The ups and downs of negotiations and some mixed signals from U.S. President Donald

  • HSBC's Bloom Sees Yuan at 7.15 per Dollar in 2020
    Bloomberg UK

    HSBC's Bloom Sees Yuan at 7.15 per Dollar in 2020

    Dec.05 -- David Bloom, head of global foreign-exchange strategy at HSBC, discusses the outlook for the yuan and why he's struggling to see a "game breaker" for global currency markets in 2020. He speaks on "Bloomberg "Surveillance."

  • Euro zone growth curbed by trade, retail sales sharply down
    Reuters

    Euro zone growth curbed by trade, retail sales sharply down

    The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed on Thursday. Retail sales in the euro zone in October fell by 0.6%, double the amount expected in a Reuters poll, and

  • Reuters - UK Focus

    UPDATE 3-Sterling hits 2-1/2 year high vs euro as markets price Conservative election win

    Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty. Recent opinion polls suggest the ruling Conservatives will win an outright

  • Reuters - UK Focus

    GLOBAL MARKETS-Stocks keep the faith, sterling gallops higher

    Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week's UK election will lead to a smooth Brexit. Belief a trade deal would be struck stemmed from a Bloomberg report on Wednesday that China and the U.S. were

  • Ruling 5-Star says it 'will take months' for Italy to sign off on ESM reform
    Reuters

    Ruling 5-Star says it 'will take months' for Italy to sign off on ESM reform

    Italy's ruling 5-Star Movement said on Thursday it would take months before Rome was in a position to sign off on reform of the euro zone bailout fund. Euro zone leaders were due to sign off on the reform next week, but Italy's ruling parties are divided on the issue. The 5-Star Movement is

  • ESM reform done in principle, no roadmap for euro zone deposit insurance
    Reuters

    ESM reform done in principle, no roadmap for euro zone deposit insurance

    Euro zone finance ministers reached a deal "in principle" on widening the responsibilities of the European Stability Mechanism, the euro zone bailout fund, but failed to tie off all loose ends or to make progress on a deposit insurance scheme, the group's chairman said on Thursday. The

  • Reuters - UK Focus

    FOREX-Dollar near one-month low after weak data, rally in pound and euro

    The dollar retreated on Thursday towards one-month lows against a basket of currencies, pressured by a slew of weaker-than-expected economic data and this week's robust performance by the euro and the British pound. German industrial orders fell unexpectedly in October, data showed on Thursday,

  • Pound continues to climb as traders bet on Conservative party win
    Yahoo Finance UK

    Pound continues to climb as traders bet on Conservative party win

    After passing the $1.30 milestone on Wednesday, sterling on Thursday climbed nearly 0.3% against the dollar to above $1.31.

  • Sterling hits 2-1/2 year high vs euro as markets price Conservative election win
    Reuters

    Sterling hits 2-1/2 year high vs euro as markets price Conservative election win

    Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty. Recent opinion polls suggest the ruling Conservatives will win an outright

  • Reuters - UK Focus

    Sterling hits new highs against dollar, euro on election optimism

    Britain's pound rallied to a new seven-month high against the dollar and 2-1/2 year peak versus the euro on Thursday, extending recent gains on a growing expectation that next week's general election will not result in a hung parliament. It also firmed 0.3% against the euro to 84.31 pence, its

  • Few gains for central Europe's currencies in the coming year - Reuters poll
    Reuters

    Few gains for central Europe's currencies in the coming year - Reuters poll

    Central Europe's main currencies will struggle to appreciate in the next year, with the Hungarian forint seen sticking near record lows and only the Czech crown expected to eke out small gains, a Reuters poll showed on Thursday. Slowing growth is a large factor taking the shine off the region'

  • Reuters

    Indian rupee on slippery slope for a year at least - Reuters poll

    The Indian rupee will not recover lost ground in the coming year, according to a Reuters poll of currency strategists who are more pessimistic than last month amid doubts over any kind of trade truce between the United States and China. Most emerging markets currencies have depreciated against the U.S

  • Britain and EU expected to agree free trade deal, cable to gain - Reuters poll
    Reuters

    Britain and EU expected to agree free trade deal, cable to gain - Reuters poll

    Britain will leave the European Union with a free trade deal, economists polled by Reuters predicted, attaching the joint lowest possibility of a disorderly Brexit since monthly polling began on it over two years ago. Almost all foreign exchange strategists surveyed by Reuters were reasonably or very

  • Stocks falter on trade uncertainty; sterling gains
    Reuters

    Stocks falter on trade uncertainty; sterling gains

    The dollar slid and global equity markets faltered on Thursday as investors dismissed solid economic data and again fretted about the likelihood of a "phase one" trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. U.S. Treasury yields rose on reports indicating

  • Reuters - UK Focus

    FOREX-Yen, Swiss franc fall on U.S.-China trade deal optimism

    * U.S. private-sector payrolls report misses expectations * U.S. ISM services index falls in November * U.S.-China trade deal still in focus * Sterling gains lifts euro as well * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts, adds new comment, updates prices) By Gertrude Chavez-Dreyfuss

  • ECB could speed up plans for public digital currency if cash use drops
    Reuters

    ECB could speed up plans for public digital currency if cash use drops

    A digital currency backed by the European Central Bank could be necessary if payments within Europe remain too expensive, a confidential ECB document said, adding that its possible adoption could be accelerated by signs of lower cash usage. Plans for a European public cryptocurrency have begun emerging

  • Euro zone ministers seek bank deal amid Italy, Germany obstacles
    Reuters

    Euro zone ministers seek bank deal amid Italy, Germany obstacles

    Euro zone finance ministers will seek agreement on Wednesday for a package of steps to make banks more stable, but Italy's objections and the German finance minister's weakened domestic position are likely to make it difficult. Ministers from the 19 countries sharing the euro were asked by their

  • Reuters - UK Focus

    FOREX-Dollar falls to one-month low on weak U.S. data; trade deal in focus

    * U.S. private sector payrolls report misses expectations * U.S. ISM services index falls in November * U.S.-China trade deal still in focus * Sterling gains lifts euro as well * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts adds new comment, U.S. data, FX table, updates prices

  • Reuters - UK Focus

    TREASURIES-Hanging on Trump's words, U.S. Treasury yields rise on trade outlook

    The benchmark 10-year yield was up 5.8 basis points to 1.768% in morning trade, part of a broader enthusiasm for risk globally. The movement suggested investors overall expect the U.S. central bank to hold interest rates unchanged "for the foreseeable future," Bedikian said.

  • Negative interest rates are working - ECB's Makhlouf

    One of the newest members of the European Central Bank's Governing Council said on Wednesday that negative interest rates were an effective measure, but that they would be more effective if governments backed them up with fiscal measures. "The point that Mr. Draghi made at the time is that

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