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Sterling Trims Losses After Better-Than-Expected PMI Data
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...
Russian Rouble Weakens vs Dollar but Hovers Near 7-year Highs
Date: June 23, 2022
MOSCOW (Reuters) – The Russian rouble weakened against the dollar on Thursday but hovered not far from seven-year highs, supported by capital controls and the prospect of a favourable upcoming tax payment period as the spectre of a possible default loomed large. President Vladimir Putin signed a decree on Wednesday to establish temporary procedures aimed...
Sterling Hit as UK Inflation Hits New 40-year High
Date: June 22, 2022
By Danilo Masoni LONDON (Reuters) – The British pound eased on Wednesday after hot UK consumer inflation data raised new worries over an economic slowdown, just as the Bank of England looks set for more interest rate hikes in the coming months. Soaring food prices pushed consumer inflation to a new 40-year high of 9.1%...
Dollar Slips as Global Growth Worries Fester
Date: June 22, 2022
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar eased against the euro and yen on Wednesday as concerns mounted that interest rate hikes by major central banks to contain inflation run the risk of inducing a sharp global slowdown or recession. British consumer price inflation hit a new 40-year high at...
Sterling Retreats as UK Inflation Hits New 40-year High
Date: June 22, 2022
By Danilo Masoni LONDON (Reuters) – The British pound pulled back on Wednesday after data showing UK consumer inflation hit a new 40-year high raised fresh worries over an economic slowdown, just as the Bank of England looks set for more interest rate hikes in the coming months. Soaring food prices pushed consumer inflation to...
Britain’s Major Rail Strike Caps Sterling Rally
Date: June 21, 2022
By Joice Alves LONDON (Reuters) -The pound rose against a weakening dollar but fell versus the euro on Tuesday, with an equity rally helping risk-sensitive sterling while Britain’s biggest rail strike in decades added to growth concerns. After a three-week losing streak versus the dollar, the British pound rose 0.3% against a weakening greenback to...