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Sterling slips as boost from new China COVID rules fades
Date: December 5, 2022
By Amanda Cooper LONDON (Reuters) – The pound slid on Monday, as an initial jolt of investor enthusiasm over signs of possible loosening in COVID restrictions in China faded, and sterling still held within sight of five-month highs against the dollar. The dollar started out the day on the backfoot, after China prepared to unveil...
Yen gains before Powell speech, Aussie jumps
Date: November 29, 2022
By Karen Brettell NEW YORK (Reuters) – The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the Aussie dollar jumped as sentiment improved on hopes that China would reopen from COVID shutdowns. Powell’s comments will be evaluated for any new signs of...
Sterling ticks up as UK inflation hits 41-year high
Date: November 16, 2022
LONDON Reuters) – Sterling rose against the U.S. dollar on Wednesday following UK inflation data that topped expectations and raised the chances of yet more interest rate hikes by the Bank of England (BoE). At 1010 GMT, the pound was up 0.51% at $1.1921, and down 0.28% versus the euro at 87.44 pence. Surging household...
Sterling falters as market awaits fiscal plan in data-heavy week
Date: November 14, 2022
By Lucy Raitano LONDON (Reuters) – Sterling fell against the dollar on Monday as traders braced for the UK government’s fiscal statement on Thursday in a data-heavy week that could shed light on the state of Britain’s economy. Finance minister Jeremy Hunt said he will set out tax rises and spending cuts this week to...
Dollar set for biggest two-day fall since 2009 as rate outlook shifts
Date: November 11, 2022
By Amanda Cooper LONDON (Reuters) -The dollar headed for its biggest two-day drop in almost 14 years on Friday, as investors piled into riskier assets after a cooler reading of U.S. inflation helped temper expectations for the Federal Reserve to keep raising rates as quickly. Data on Thursday showed consumer inflation rose 7.7% year-on-year in...
Ireland must change law to ratify EU-Canada trade deal, court rules
Date: November 11, 2022
DUBLIN (Reuters) -Ireland’s Supreme Court ruled on Friday that parliament cannot ratify the European Union’s free trade deal with Canada unless laws are changed, posing a challenge to the coalition government if it wants to avoid the matter going to a referendum. The Comprehensive Economic and Trade Agreement (CETA) sets out the removal of tariffs...