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  • Stock, currency and bond markets have generally ridden calmly through both a Scottish independence vote that almost broke up the United Kingdom last September and an election that threatened months of horse trading and no clear government. Neither risk materialised and the bounce in the pound after Prime Minister David …

  • Sterling suffers a setback as U.S. inflation lifts dollar Reuters - UK Focus - 1 hour 13 minutes ago

    Sterling was on track for its biggest fall against the dollar in three weeks on Friday after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target. If the upturn continues, it could allow the Fed to consider raising interest rates …

  • Wall Street banks may face further damaging allegations about their rigging of foreign exchange markets, as New York's banking regulator intensifies a probe into electronic trading, according to the Financial ...

  • The dollar fell on Friday but remained on course for its first week of gains since the start of April ahead of inflation numbers that may add to concerns over the pace of U.S. economic growth. For the week it is up more than 1 percent against the yen.

  • Asia stocks rally, early US rate hike unlikely

    Asian markets mostly rise following a record close on Wall Street as a US interest rate hike in the near future looks unlikely

  • German finance minister opens up rift with Brussels after reportedly touting parallel currency plan for Greece

  • Sterling hovered near a 7-year high against a trade-weighted basket of currencies on Friday, buoyed by recent data bolstering a view that the British economy was outperforming its peers. Sterling bulls emerged on Thursday after data showed British retail sales rose more strongly than anticipated in April. The currency …

  • SINGAPORE/TOKYO, May 22 (Reuters) - The dollar edged lower versus a basket of major currencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers. The dollar index slipped 0.2 percent to 95.117, having backed off from Wednesday's peak of 95.837, its highest …

  • 5 Things to Know About China's Rising Redback The Wall Street Journal - 13 hours ago

    The International Monetary Fund will hold an informal board meeting this month to discuss potential changes to its Special Drawing Rights reserve-currency basket, with a formal decision set for later this year. IMF Managing Director Christine Lagarde recently said it is a question of when, not if, China’s yuan will be added. …

  • SYDNEY/TOKYO, May 22 (Reuters) - The dollar nursed modest losses early on Friday, after snapping three days of gains as unimpressive data prompted light profit-taking ahead of speeches by major central bankers and holidays in Britain and the United (Shenzhen: 000925.SZ - news) States. The dollar index last traded at 95.380, …

  • The U.S. dollar weakened against the euro for the first time this week on Thursday as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some U.S. economic data disappointed. "The narrowing of yield spreads over U.S. Treasuries is having an impact on euro/dollar," said …

  • U.S. Federal Reserve Vice Chair Stanley Fischer on Thursday said the euro zone crisis had made the monetary union stronger and proved that the European Central Bank has the ability to carry out effective policy in the region. "There can be no one whose ... priors have not moved in favor of the survival of essentially the …

  • Sterling surges after UK retail sales boost Reuters - UK Focus - Thu, May 21, 2015 17:01 BST

    Sterling powered to a two-month high against the euro and erased much of this week's loss against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April. "With the recent uptick in the housing market after a winter lull, and consumer confidence at its highest for several …

  • ECB sees no need to taper QE, minutes show AFP - Thu, May 21, 2015 15:51 BST
    ECB sees no need to taper QE, minutes show

    The ECB announced in January that it would begin a 1.14-trillion-euro ($1.3-trillion) programme of quantitative easing

  • FOREX-Dollar weakens against euro for first time in week Reuters - UK Focus - Thu, May 21, 2015 15:34 BST

    The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some economic data disappointed. "People are reluctant to put on strong dollar positions," said Sebastien Galy, senior foreign exchange …

  • European Central Bank (ECB) policymakers agreed that the quantitative easing programme was having a good impact on the Eurozone, minutes of the 14-15 April meeting showed.

  • FOREX-Dollar weakens against euro, despite improving US data Reuters - UK Focus - Thu, May 21, 2015 15:10 BST

    The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors burnt by a dramatic selloff over the past month were reluctant to enter new positions, and as euro zone activity showed nascent signs of recovery. "People are reluctant to put on strong dollar positions, so they are lagging …

  • Ex-Irish Central Bank head says regulation couldn't have stopped crisis Reuters - UK Focus - Thu, May 21, 2015 13:12 BST

    The former head of Ireland (Other OTC: IRLD - news) 's central bank on Thursday said he regretted his failure to foresee the country's 2008 financial meltdown, but in his first public appearance since the crisis said financial regulation alone could not have prevented it. John Hurley who retired as central bank governor …

  • FOREX-Euro boosted by data, rise in Bund yields Reuters - UK Focus - Thu, May 21, 2015 12:36 BST

    The euro rose against the dollar on Thursday for the first time this week, helped by nascent signs of a recovery in euro zone activity and a rise in German Bund yields which narrowed the spread over U.S. Treasuries. Data on Thursday showed the composite flash PMI for the euro zone fell to 53.4 from 53.9, missing the 53.8 …

  • Major euro zone share indexes fall after mixed PMI data Reuters - UK Focus - Thu, May 21, 2015 12:30 BST

    European shares fell on Thursday after data pointed to a mixed picture for the euro zone's economic recovery, with German private-sector growth slowing again in May even as France extended its timid recovery. ...

  • Eurozone growth falters despite improved employment AFP - Thu, May 21, 2015 10:35 BST
    Eurozone growth falters despite improved employment

    The European Central Bank (ECB), seen here illuminated on the Frankfurt skyline in Germany, embarked on a vast bond-buying programme in March

  • Sterling surges after stronger-than-expected UK retail sales Reuters - UK Focus - Thu, May 21, 2015 10:18 BST

    Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month. The pound had taken a knock earlier in the week on news that UK inflation had fallen below zero for the first …

  • Sterling rises after stronger-than-expected UK retail sales Reuters - UK Focus - Thu, May 21, 2015 09:42 BST

    Sterling rose sharply against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a surprise fall in March. Retail sales volumes rose 1.2 percent on the month, the strongest increase since November, to show 4.7 percent growth on the year, the Office for …

  • FOREX-Euro lifted by French PMI survey, but weaker German data caps gains Reuters - UK Focus - Thu, May 21, 2015 09:09 BST

    The euro rose against the dollar for the first time in four days on Thursday, helped by signs of a recovery in French business activity, although a slowdown in Germany's private sector kept gains limited. Markit (NasdaqGS: MRKT - news) 's flash composite Purchasing Managers' Index (PMI) for Germany, which tracks manufacturing …

  • Shanghai up after soft China PMI, Tokyo extends gains

    Shanghai advanced in early trade Thursday after another tepid reading on Chinese manufacturing activity that will likely raise hopes for fresh monetary easing

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