• Reuters - UK Focus44 minutes ago

    FOREX-Dollar gains after Fed pushes back on big rate cut bets

    The dollar rose on Wednesday as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials. Fed Chairman Jerome Powell stressed the central bank's independence from U.S. President Donald Trump, who is pushing for rate cuts.

  • Ryanair seeks to limit UK share holding with buyback amendment
    Reuters59 minutes ago

    Ryanair seeks to limit UK share holding with buyback amendment

    Ryanair amended the terms of a 700 million euro (626.75 million pounds) share buyback on Wednesday to allow block repurchases it said could limit the holdings of British shareholders and ensure it remains majority EU-owned after Brexit. Ryanair triggered contingency plans in March to restrict the voting

  • Reuters - UK Focus1 hour ago

    Ryanair seeks to limit UK share holding with buyback amendment

    Ryanair amended the terms of a 700 million euro ($795 million) share buyback on Wednesday to allow block repurchases it said could limit the holdings of British shareholders and ensure it remains majority EU-owned after Brexit. Ryanair triggered contingency plans in March to restrict the voting rights

  • Reuters - UK Focus17 hours ago

    GLOBAL MARKETS-Gold soars to 6-year high as trade, as Iran tensions mount

    Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. Gold has gained 10% in price so far this month, climbing above $1,400

  • Reuters20 hours ago

    Traton trading at mid-point of IPO range in grey market

    Shares in Volkswagen's truck unit Traton were trading on the grey market at around the mid-point of its initial public offering price (IPO) range ahead of its market debut on Friday. Shares in the IPO are being offered at 27-33 euros. Volkswagen aims to raise up to 1.9 billion euros (1.7 billion

  • Reuters - UK Focus22 hours ago

    FOREX-Dollar sags to new lows vs euro, yen on U.S. rate cut bets

    The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The dollar dropped 0.4% to as low as 106.78, having only fallen below 107

  • Reuters - UK Focus22 hours ago

    UPDATE 2-No-deal Brexit fears keep sterling subdued

    Sterling weakened against the dollar after hitting its highest in a month on Tuesday as the risk of a no-deal Brexit stemming from the Conservative Party leadership contest weighed on the currency. Six-month vol, encompassing the Oct. 31 period, is also at two-week highs though it has risen sharply

  • Reuters - UK Focus23 hours ago

    FOREX-Dollar crumbles to new lows vs euro, yen on U.S. rate cut bets

    The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The dollar dropped 0.4% to as low as 106.78, having only fallen below 107

  • Reuters - UK Focusyesterday

    Tentative pound rise capped as PM candidate Johnson says he is "serious" on no-deal Brexit

    Dollar weakness allowed the pound to briefly scale a one-month high on Tuesday, although the risk of no-deal Brexit stemming from the Conservative Party leadership contest kept the currency hemmed into a narrow trading range. Six-month vol, encompassing the Oct. 31 period, is also at two-week highs

  • Reuters - UK Focusyesterday

    FOREX-Dollar crumbles to new lows vs euro, yen on rate cut bets

    The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The dollar was last down 0.3% at 106.97, having only fallen below 107 yen

  • X-Chainge’s Twidale Says Dollar to Appreciate in Medium Term
    Bloomberg UKyesterday

    X-Chainge’s Twidale Says Dollar to Appreciate in Medium Term

    Jun.24 -- Nick Twidale, director and co-founder of X-Chainge, discusses his call on the U.S. dollar, the yen and the euro. He speaks on “Bloomberg Daybreak: Asia.”

  • Reuters - UK Focus2 days ago

    GLOBAL MARKETS-Stocks mostly flat ahead of G20; dollar slips

    Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. European stocks stumbled on fears of an escalation

  • Anti-dollar trade makes outlook for gold much more bullish
    CNBC2 days ago

    Anti-dollar trade makes outlook for gold much more bullish

    The strong dollar story could be over for now, and that's putting a shine on the 'anti-dollar' trade—gold.

  • Reuters2 days ago

    Zimbabwe hikes overnight lending rate to 50% after ending dollarisation

    Zimbabwe's central bank said on Monday it had raised its overnight lending rate to 50% from 15% to support the local currency, after the government banned the use of foreign currencies as legal tender. The central bank also said in a statement that it had put in place letters of credit to secure

  • Reuters - UK Focus2 days ago

    UPDATE 1-Pound hovers near 1-mth high vs weak dollar, languishes vs euro

    Sterling hovered just off one-month highs reached earlier on Monday against the dollar, with traders reluctant to take big positions on the pound until the conclusion of the Conservative Party leadership contest. JP Morgan foreign exchange strategists said they were confident of sterling weakness in

  • Reuters - UK Focus2 days ago

    GLOBAL MARKETS-Stocks mostly flat ahead of G20; dollar slips

    Chinese state media said on Sunday that President Xi Jinping will attend the summit in Osaka, Japan, where he is expected to meet U.S. President Donald Trump. "Until we get that G20 meeting and start to get some feedback from the (Trump) administration, it's going to be tough to go higher,&

  • Euro Set to Fall Over Next Few Sessions, Commerzbank Says
    Bloomberg UK2 days ago

    Euro Set to Fall Over Next Few Sessions, Commerzbank Says

    Jun.24 -- Peter Dixon, global equities economist at Commerzbank, and Simon Derrick, chief currency strategist at BNY Mellon, discuss the euro, the euro-area economy and European Central Bank policy. They speak on "Bloomberg Surveillance."

  • BNY Mellon's Derrick on Currency Volatility
    Bloomberg UK2 days ago

    BNY Mellon's Derrick on Currency Volatility

    Jun.24 -- Simon Derrick, chief currency strategist at BNY Mellon, and Peter Dixon, global equities economist at Commerzbank, discuss markets and currencies on "Bloomberg Surveillance."

  • Reuters - UK Focus2 days ago

    FOREX-Dollar slips after biggest weekly drop in 4 months on dovish Fed

    The greenback has been on the receiving end of a broad market selloff in major currencies as global central banks led by the U.S. Federal Reserve signalled a dovish outlook on monetary policy due to growing signs of a weak global economy. "If the Fed embarks on a rate-cutting cycle, the dollar

  • Reuters2 days ago

    Zimbabwe declares interim RTGS dollar its sole legal currency

    Zimbabwe has declared its interim currency, the RTGS dollar, the country's sole legal tender with effect from Monday, according to a government notice published on Monday. "The British pound, United States dollar, South African rand Botswana pula and any other foreign currency whatsoever shall

  • Reuters - UK Focus2 days ago

    Sterling pulls back from 1-month high vs dollar

    Sterling pulled back from a one-month high on Monday hit largely on the back of a selloff in the dollar, with traders reluctant to take big positions on the pound until the conclusion of the Conservative Party leadership contest. While a relatively less dovish Bank of England meeting last week provided

  • Reuters - UK Focus2 days ago

    FOREX-Dollar struggles after biggest weekly drop in 4 months; G20 eyed

    The dollar was on the back foot on Monday after sustaining its biggest weekly drop in four months last week as traders remained cautious about the prospects of trade talks between the United States and China at this week's G20 summit. The greenback has been on the receiving end of a broad market

  • Global stocks mostly flat ahead of G20; dollar slips
    Reuters2 days ago

    Global stocks mostly flat ahead of G20; dollar slips

    Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks the end of this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year. European stocks stumbled on fears of an escalation

  • Dollar Will Perform Well Against G10 Currencies, Says Eastspring’s Nicola
    Bloomberg UK2 days ago

    Dollar Will Perform Well Against G10 Currencies, Says Eastspring’s Nicola

    Jun.23 -- Mary Nicola, G10 FX and Asian fixed income strategist at Eastspring Investments, discusses the U.S. dollar and her outlook for G10 currencies. She speaks on “Bloomberg Daybreak: Asia.”

  • Just like the 1930s, this trade war has the potential to turn nasty
    The Guardian3 days ago

    Just like the 1930s, this trade war has the potential to turn nasty

    Echoes of that decade are getting uncomfortably loud as Trump imposes tariffs and the eurozone devalues its currency. A trade war followed by a currency war. Tariffs used as a protectionist weapon followed by attempts to secure a competitive advantage by exchange rate manipulation. That was the story

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