foreign-currency
Top StoriesSterling Close to This Week’s Low Versus Dollar Ahead of U.S. Data
Top StoriesSwiss Forex Reserves Down in September
Top StoriesDollar Gains as Friday’s U.S. Jobs Data Looms
Top StoriesSterling Edges Higher After British Government Tax U-Turn
UK Manufacturing PMI Shows Falling Output, Weak Foreign Demand
Date: October 3, 2022
LONDON (Reuters) – British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling foreign demand, according to a closely watched survey released on Monday. The S&P Global manufacturing Purchasing Managers’ Index (PMI) rose to 48.4 from August’s 27-month low of 47.3...
Volatile Rouble Gives up Huge Gains as Putin Declares Annexations
Date: September 30, 2022
By Alexander Marrow MOSCOW (Reuters) -The rouble weakened on Friday, giving up huge gains that had seen it soar to an eight-year high against the euro, as investors slashed foreign currency holdings and President Vladimir Putin signed treaties annexing four Ukrainian regions. Western governments and Kyiv say the move breaches international law. By 1355 GMT,...
Sterling Slips After Truss, Kwarteng Meet Fiscal Watchdog
Date: September 30, 2022
By Joice Alves LONDON (Reuters) -Sterling slipped on Friday, reversing earlier gains against the U.S. dollar, after Prime Minister Liz Truss and finance minister Kwasi Kwarteng met with Britain’s fiscal watchdog and confirmed markets would have to wait until Nov. 23 for new economic forecasts. Truss and Kwarteng refused to bow to demands to publish...
Bitcoin-Sterling Volumes Spike to Record High as British Currency Flounders
Date: September 29, 2022
By Elizabeth Howcroft LONDON (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage....
Boohoo Says Exposure to Sterling Plunge Is Limited – Finance Chief
Date: September 28, 2022
LONDON (Reuters) – British online fashion retailer Boohoo said on Wednesday its exposure to the recent plunge in the value of the pound versus the dollar was limited as it only purchased about 15% to 20% of its stock in dollars. Chief financial officer Neil Catto said about 60% of Boohoo’s stock purchases are made...
Meta Says It Removes China-Based Propaganda Operation Targeting U.S. Midterms
Date: September 28, 2022
By Katie Paul (Reuters) -Meta Platforms said on Tuesday it disrupted the first known China-based influence operation focused on targeting users in the United States with political content ahead of the midterm elections in November. The network maintained fake accounts across Meta’s social media platforms Facebook and Instagram, as well as competitor service Twitter, but...