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Euro flirts with parity as Russian gas link enters planned shutdown
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Pound eyes 2-year lows as race for next British Prime Minister heats up
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Trading could come under Bank of England climate test scrutiny
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Safety-bid lifts yen after former PM shot, euro falls towards parity
Sterling falls versus dollar on concerns over the economy
Date: July 8, 2022
By Stefano Rebaudo (Reuters) – Sterling fell against a strengthening dollar as an unfavourable macroeconomic backdrop overshadowed concerns about politics after Prime Minister Boris Johnson announced his resignation. The pound rose on Thursday after media reports of his imminent resignation earlier in the day and held on to the gains after Johnson said he was...
Sterling enjoys a small lift as Boris Johnson quits
Date: July 7, 2022
LONDON (Reuters) -Sterling held on to its gains on Thursday after Boris Johnson said he was quitting as prime minister following a rush of ministerial resignations and calls for him to go. The gains versus the dollar and the euro began after media reports of his imminent resignation earlier in the day. But the moves...
Euro just off two-decade low, volatility at highest since March 2020
Date: July 7, 2022
By Stefano Rebaudo (Reuters) -A slight pullback in the dollar offered the euro some respite, allowing it to edge away from two-decade lows reached this week after surging energy prices fanned recession fears. Risky assets, including the euro, managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential...
Dollar continues dream run, little stands in its way
Date: July 7, 2022
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for aggressive Federal Reserve interest rate rises and safe-haven appeal stemming from global recession fears, a Reuters poll of FX analysts showed. The recent sell-off in risk assets and bond...
Sterling edges back towards more than 2-year lows vs dollar as Boris Johnson clings to power
Date: July 6, 2022
By Lucy Raitano LONDON (Reuters) -A battered British pound edged back towards more than two-year lows against the dollar on Wednesday as British Prime Minister Boris Johnson clung to power after key cabinet members quit unexpectedly. The finance and health secretaries resigned late on Tuesday alongside several others in more junior roles, saying they could...
Euro falls to lowest since 2002 on concerns over energy prices
Date: July 6, 2022
By Stefano Rebaudo (Reuters) -The euro tumbled to a new two-decade low on Wednesday as fears over rising energy prices and potential shortages cast a long shadow over the bloc’s economy, while demand for safe-haven assets drove the dollar to fresh 20-year highs. All oil and gas fields that were affected by a strike in...