Sterling Update
Sterling has climbed more than 5 percent since the start of the year as the U.S. currency has weakened broadly and as investors have become optimistic about Britain’s economy and […]
Dollar Volatility Continues
The dollar came under renewed selling pressure this morning, sliding lower against a basket of major currencies ahead of the Federal Reserve’s policy decision. The U.S. dollar index, which measures […]
Sterling looses recent gains
The dollar moved higher against a currency basket of currencies today, buoyed by higher U.S. bond yields as investors turned their attention to U.S. President Donald Trump’s State of the […]
Dollar fights back
The dollar is higher against a basket of currencies today, helped by rising bond yields and a week packed with U.S. data starting with a central bank policy decision, though […]
Pound shoots up across the board
Sterling shot to a fresh post-Brexit-vote high of $1.41 today, extending a recent rally that has seen confidence in the British currency recover. The pound climbed as much as 0.6 […]
US Shutdown weakens US Dollar further
The dollar was pinned near a three-year low today as a U.S. government shutdown encouraged investors to add to bearish bets against the greenback while the euro consolidated recent gains. […]
Brexit vote in parliament today
The dollar moved higher against a basket of currencies this morning as the euro paused after having rallied to more than three-year highs overnight amid growing expectations that the European […]
Sterling continues to slide
Sterling extended the previous two days’ losses today as a struggling retail sector and a widening trade deficit raised concerns among some investors that the currency’s recent gains could be […]
Steady Sterling for 2018
The British pound is set to mostly hold steady against both the dollar and the euro this year, but much will hinge on progress in Britain’s talks with Brussels on […]
Sterling is the worst performing major currency
The British Pound became one of the worst performing majors during today’s early trading session as more sour news related to the UK crossed the wires. Earlier on Wednesday, the […]