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Sterling softens versus dollar against a quiet UK backdrop
Russian rouble climbs to one-month high vs dollar
Date: November 8, 2022
By Alexander Marrow MOSCOW (Reuters) -The Russian rouble firmed to its strongest in just over a month on Tuesday, gaining a foothold past 61 to the dollar and clinging on to large gains made in the previous session, thanks in part to still-high oil prices. By 1409 GMT, the rouble was 0.2% stronger against the...
Sterling slips as dollar edges higher, with all eyes on U.S
Date: November 8, 2022
By Harry Robertson LONDON (Reuters) – The British pound fell on Tuesday as the dollar rose, with investors focused on U.S. inflation figures and the midterm elections. U.S. consumer price index (CPI) inflation data for October is due out on Thursday. Global investors will scrutinise it for its implications for Federal Reserve interest rate policy....
UK faces 50 billion pound fiscal hole, government sources say
Date: November 7, 2022
By Elizabeth Piper and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt will seek to fill a 50 billion pound ($57 billion) hole in the country’s public finances with around 30 billion pounds of spending cuts and 20 billion in tax rises, two government sources said on Monday. Hunt is due to present...
Dollar sinks, sterling jumps as market turns to risk assets
Date: November 7, 2022
By Joice Alves and Rae Wee LONDON/SINGAPORE (Reuters) – The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A survey showed on Monday that investor morale in the euro zone improved in November, the first time it rose in...
Sterling rises but gloomy economic outlook remains in focus
Date: November 7, 2022
LONDON (Reuters) – Sterling rose on Monday, largely boosted by a softer dollar, which pushed the pound back up to levels seen before the Bank of England (BoE) delivered its biggest interest rate hike in three decades last week. At 1000 GMT, the pound was up 0.61% against the dollar at $1.14405, and 0.35% higher...
Rouble rebounds vs dollar as Russian market reopens after long weekend
Date: November 7, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble strengthened on Monday, belatedly responding to last Friday’s dollar weakness as it pulled away from its lowest point since mid-October that was hit before the Russian market closed for a three-day weekend. At...