Sterling falls back to $1.23 as investors remain cautious ahead of US jobs data release September 6, 2019 Sterling was down against both the dollar and euro in early morning trading as traders await the US non-farm payroll report and key US jobs data. The pound was down by 0.21 per cent against the dollar at 1.229 and against the euro, sterling was behind by 0.35 per cent at 1.113. Read more: Sterling [...]
Sterling plunges below $1.22 as no-deal Brexit fears batter currency July 30, 2019 Sterling fell further overnight to its lowest level since March 2017 as worries over a no-deal Brexit under Boris Johnson’s government deepened. The pound plunged below $1.22 to hit $1.2146 this morning, a drop of almost 0.6 per cent against the dollar as analysts warned GBP is coming close to “uncharted waters”. Read more: Sterling [...]
Sterling edges higher on UK no-deal Brexit preparations as FTSE 100 sheds gains July 11, 2019 The pound rose 0.35 per cent against the dollar as the greenback slipped again today after falling on yesterday’s comments from Federal Reserve chair Jerome Powell. Powell said “trade tensions and concerns about global growth” have weighed on the US’ economic outlook, making a rate cut more likely. Read more: Mark Carney is ‘too busy’ [...]
Bitcoin bounces as the pound plunges: what’s next for global markets? May 20, 2019 | City Talk Last week was all about a modern currency enjoying some big moves – all while a more established one was plunging. Bitcoin has been grabbing its fair share of headlines in recent months, with the crypto favourite trading above $8,000 last week for the first time since July last year. This served to bring the [...]
Sterling dips lower as Theresa May seeks only a short Brexit delay from EU March 20, 2019 Sterling took a hit this morning as it emerged Theresa May has ruled out seeking a long Brexit delay from the EU. Read more: Prime Minister rules out long Brexit delay Downing Street said the Prime Minister will only request a short extension to Article 50, likely to the end of June, as the UK [...]
Sterling and the euro gain against the dollar thanks to cooling US inflation September 13, 2018 Sterling and the euro have risen against the dollar as they received an unexpected boost from US inflation. The “disappointing” inflation reading saw the dollar sink against the pound and euro, meaning sterling climbed to 1.31 against the dollar, its highest since late July, while the euro reached 1.17. Read more: Barclays: Trump impeachment wouldn't [...]