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Sterling Edges Higher as UK Growth Beats Forecasts
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Global Regulators Back ‘same Risk, Same Regulation’ for Stablecoins
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Euro Bounces After Reaching Brink of Parity With US Dollar
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Lme Hopes to Soon Announce Nickel Asian Trading Return – CEO
Sterling Falls to Fresh Two-Year Low on Leadership Race Concerns
Date: July 12, 2022
LONDON (Reuters) – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris Johnson’s resignation as prime minister last week deepened the uncertainty hanging over the British economy, already under strain from an inflation rate heading for double digits, the...
Euro Flirts With Parity as Russian Gas Link Enters Planned Shutdown
Date: July 11, 2022
By Saikat Chatterjee and Dhara Ranasinghe LONDON (Reuters) – The euro tumbled towards parity versus the dollar on Monday as the biggest single pipeline carrying Russian gas to Germany entered annual maintenance, with flows expected to stop for 10 days. Investors are worried the shutdown might be extended due to the war in Ukraine, restricting...
Pound Eyes 2-year Lows as Race for Next British Prime Minister Heats Up
Date: July 11, 2022
LONDON (Reuters) – The British pound held near a two-year low on Monday as traders held their breath before a leadership contest kicks off to determine the successor of Boris Johnson as Britain’s next Prime Minister. Johnson’s resignation deepens the uncertainty hanging over Britain’s economy, already under strain from an inflation rate heading for double...
Trading Could Come Under Bank of England Climate Test Scrutiny
Date: July 8, 2022
By Huw Jones LONDON (Reuters) – Future Bank of England tests of how banks will cope with a net zero economy could focus on specific activities such as trading and also include individual results, a senior official said. In its first climate-related stress test, the central bank found insurers and banks such as HSBC, Lloyds,...
Safety-Bid Lifts Yen After Former PM Shot, Euro Falls Towards Parity
Date: July 8, 2022
By Joice Alves and Tom Westbrook LONDON (Reuters) – Safe-haven demand lifted the yen and the U.S. dollar on Friday after former Japanese prime minister Shinzo Abe was shot while campaigning for a parliamentary election. The euro, at a 20-year low, was falling towards parity against the dollar and set for its worst week in...
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...