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Sterling rises for a second day as central banks turn dovish

Wednesday,   19-Jun-2019   03:48 (IST)

The pound edged higher for a second day on Wednesday, breaking a six-week losing streak, as investors trimmed some large short bets against the British currency built up in recent weeks. The pound has fallen by 5% since early May, as concern grew that arch-Brexiteer Boris Johnson, the top contender to become the next British Prime Minister, will lead the country out of the European Union with or without a deal by Oct. 31. But a dovish tilt by global major central banks, including the U.S. Federal Reserve and the European Central Bank, has lifted some of the gloom over the British currency. On ...

Dollar Steady as Attention Turns to Fed Decision

Wednesday,   19-Jun-2019   02:37 (IST)

The U.S. dollar was holding steady against a currency basket on Wednesday ahead of the Federal Reserve’s closely watched rate decision later in the day, as hopes for progress in the U.S.-China t...

Dollar near two-week high before Fed as dovish ECB supports

Wednesday,   19-Jun-2019   09:18 (IST)

The dollar held near a two-week high early on Wednesday ahead of the Federal Reserve’s closely-watched policy decision later in the day, supported by a surprisingly dovish European Central Bank ...

No-deal Brexit chills send pound to a five-month low vs euro

Tuesday,   18-Jun-2019   02:48 (IST)

Signs that arch-Brexiteer Boris Johnson may be a step closer to becoming Britain’s next prime minister sent the pound tumbling to a five-month low versus the euro on Tuesday as investors worried...

Pound at five-and-a-half-month low as Johnson leads, Aussie vulnerable

Tuesday,   18-Jun-2019   09:03 (IST)

The British pound on Tuesday languished near this year’s low on rising worries Boris Johnson, the front-runner to replace UK Prime Minister Theresa May, could put Britain on a path towards a dre...

Dollar hits two-week high as traders pause before Fed meeting

Monday,   17-Jun-2019   04:55 (IST)

The U.S. dollar rose to a two-week high on Monday as recent strong economic data led investors to think again about how dovish the Federal Reserve is likely to sound at this week’s monetary poli...

Pound extends six-week losing streak as Johnson's lead grows

Monday,   17-Jun-2019   03:29 (IST)

The pound extended a six-week losing streak against the euro on Monday, as concern grew that Britain was heading for a no-deal Brexit after Boris Johnson got a boost in his bid to replace Prime Minist...

Dollar holds near two-week high after strong U.S. retail data

Monday,   17-Jun-2019   09:10 (IST)

The dollar hovered near a two-week high early on Monday, as strong U.S. retail sales data tempered some of the fears about a sharp downturn in the world’s largest economy. That provided some rel...

Sterling on track for sixth week of losses against the euro

Friday,   14-Jun-2019   02:59 (IST)

The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, putting sterling on course for a six-week lo...

Dollar Mixed as Risk Appetite Ebbs Ahead of Weekend

Friday,   14-Jun-2019   01:54 (IST)

The dollar was lower against the yen and euro early Friday in Europe but higher against risk proxies such as the Aussie dollar as traders shunned risk ahead of a weekend set to be marked by geopolitic...