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Sterling holds ground despite Brexit risks and economic woes
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Dollar stumbles as markets reassess rate bets, eye ECB
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Volatile rouble pares intraday losses as Russia slips into default zone
U.S. dollar slides as markets re-evaluate Fed rate path
Date: June 24, 2022
By Sujata Rao and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The U.S. dollar slipped on Friday and was on track for its first weekly decline this month, as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of interest rate cuts to counter a possible recession....
Pound gets a lift from smaller retail sales decline, weak dollar
Date: June 24, 2022
By Lucy Raitano LONDON (Reuters) – Sterling edged up against the dollar on Friday and was set for its first weekly rise in four weeks, as a weaker greenback and better-than-expected retail data allowed investors to look past mounting pressure on British Prime Minister Boris Johnson. Data on Friday showed retail sales volumes in May...
Rouble stays near 7-yr peaks, OFZ bonds climb higher
Date: June 24, 2022
(Reuters) – The Russian rouble stabilised near seven-year peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher. At 0715 GMT, the rouble was 0.1% weaker against the dollar at 53.50, near its strongest level since mid-2015 of 52.80 it...
Traders scale back peak interest rate bets as recession fears grip
Date: June 24, 2022
By Yoruk Bahceli (Reuters) -Traders are slashing their bets on how far central banks will be able to lift interest rates this cycle, reflecting growing fears in financial markets of economic slowdown or even outright recession. Data on Thursday showed U.S. and euro zone business activity growth slowing much more than expected in June, sending...
Sterling trims losses after better-than-expected PMI data
Date: June 23, 2022
By Joice Alves LONDON (Reuters) -Sterling trimmed some of its losses on Thursday after better-than-expected UK PMI numbers for June, but the pound remained vulnerable to political risks and recession fears. The PMI’s preliminary composite index held at 53.1 in June, above the median forecast of 52.6 in a Reuters poll of economists, and unchanged...
Sterling trims some declines after better-than-expected PMI data
Date: June 23, 2022
By Joice Alves LONDON (Reuters) – Sterling trimmed some of its declines versus the euro and the dollar on Thursday after better-than-expected UK PMI numbers for June, but the pound remained vulnerable to political risks and recession fears. The PMI’s preliminary composite index held at 53.1 in June, above the median forecast of 52.6 in...