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Image for Sterling set to end week in red against dollar as outlooks diverge

Trading

Sterling Set to End Week in Red Against Dollar as Outlooks Diverge

Image for Morning Bid: One last hurdle remains for the year

Trading

Morning Bid: One Last Hurdle Remains for the Year

Image for Oil falls on demand growth concerns, robust dollar

Trading

Oil Falls on Demand Growth Concerns, Robust Dollar

Image for UK’s FTSE 100 slides after Fed’s cautious stance, BoE holds rates

Trading

UK’s FTSE 100 Slides After Fed’s Cautious Stance, BoE Holds Rates

Image for Fed’s hawkish tilt has emerging markets scurrying to save currencies

Fed’s Hawkish Tilt Has Emerging Markets Scurrying to Save Currencies

Date: December 19, 2024

By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) – Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president...

Image for UK’s FTSE slides to 1-mo low as Fed dampens mood ahead of BoE

UK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE

Date: December 19, 2024

(Reuters) – UK’s main FTSE 100 stock index dropped 1% and revisited its near one-month low on Thursday, as the U.S. Federal Reserve’s overnight projection of a slower path of interest-rate cuts knocked down investors’ risk appetite globally. The FTSE 100 was down 1% as of 0900 GMT, hitting its lowest since Nov. 21, levels...

Image for German exports to UK surge amid gold rally, leaving U.S. behind

German Exports to UK Surge Amid Gold Rally, Leaving U.S. Behind

Date: December 19, 2024

By Rene Wagner BERLIN (Reuters) – German exports to Britain are growing faster than to any other country among the Group of Twenty (G20) nations due to an ongoing gold rally, according to preliminary data from the German statistics office seen by Reuters on Thursday. Exports to Britain increased to around 67.6 billion euros ($70.93...

Image for European stocks tumble after Fed’s hawkish signal

European Stocks Tumble After Fed’s Hawkish Signal

Date: December 19, 2024

By Sruthi Shankar (Reuters) -European stocks tumbled on Thursday, on course for their biggest percentage drop in five weeks, as investors fled riskier assets including equities and commodities after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European STOXX 600 index was down 1% by 0839 GMT, with...

Image for Pound rocked by tough-talking Fed ahead of BoE decision

Pound Rocked by Tough-Talking Fed Ahead of BoE Decision

Date: December 19, 2024

By Harry Robertson LONDON (Reuters) – Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next year’s projections. The focus in UK markets on Thursday is on the Bank of...

Image for Sterling drops before Fed policy meeting, after UK inflation data

Sterling Drops Before Fed Policy Meeting, After UK Inflation Data

Date: December 18, 2024

By Stefano Rebaudo (Reuters) – Sterling fell versus the dollar before the Federal Reserve’s policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures were in line with analyst expectations. Consumer prices rose by an annual 2.6% in November, although services inflation held at...