currency-hedging
Top StoriesTurbulent Markets Jolt Currency Hedge Funds From Decade-Long Slumber
Top StoriesDollar Dips as UK Budget U-Turn Improves Market Sentiment
Top StoriesSterling Slides as Bets for Aggressive U.S. Tightening Boost Dollar
Top StoriesSterling Softens After UK PM Truss Speech
Sterling Edges Higher After British Government Tax U-Turn
Date: October 3, 2022
By Alun John and Iain Withers LONDON (Reuters) – The pound edged up on Monday on news Britain would reverse plans to cut the highest rate of income tax, one contentious part of a package of financial measures that last month sent sterling and British government bonds into meltdown. Yields on British government bonds fell,...
Pimco CIO Says UK Market Chaos Not Systemic but Will Have Global Impact
Date: September 29, 2022
(Corrects name of conference to Delivering Alpha in first paragraph) WASHINGTON (Reuters) – The collapse of the British pound and subsequent sell off in the country’s bond market in recent days do not pose systemic risks but will affect global markets, PIMCO chief investment officer Dan Ivascyn told the CNBC Delivering Alpha conference in New...
Stocks Hit Two-Year Lows, Sterling Comes Under Fire
Date: September 28, 2022
By Wayne Cole and Amanda Cooper LONDON/SYDNEY (Reuters) – World shares sank to two-year lows on Wednesday, hammered by spiralling borrowing costs that intensified fears of a global recession and sent investors into the arms of the safe-haven dollar. Yields on U.S. 10-year Treasuries topped 4.0% for the first time since 2010 as markets wagered...
Pound Plunge Means Even Higher Prices for UK Consumers – McKinsey
Date: September 27, 2022
LONDON (Reuters) – British consumers are likely to face a further hike in prices of clothing and homewares following the pound’s plunge against the dollar, consultants McKinsey said on Tuesday. The majority of UK retail’s clothing and homewares are bought from Asia in dollars. The pound touched an all-time low of $1.0327 on Monday, sharply...
Sterling Hits Record Low, BoE Fails to Spark Recovery
Date: September 26, 2022
By Joice Alves LONDON (Reuters) – Sterling fell back towards an all-time low against the dollar on Monday, after a statement from the Bank of England (BoE) disappointed market expectations for an emergency rate hike to shore up the battered British currency. In a tumultuous day, sterling dived to a record low in Asian trade,...
Sterling Hits All-Time Low Versus Broadly Stronger Dollar
Date: September 26, 2022
By John McCrank NEW YORK (Reuters) -The British pound dropped to an all-time low against the dollar on Monday as investors worried Britain’s new economic plan will hurt the country’s finances, while the Bank of England said it was watching financial markets “very closely” following sharp moves in asset prices. The dollar, helped by sterling’s...