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Top StoriesRussia Blames U.S. For Kaliningrad Transit Restrictions
InvestingAnalysis: Swiss Policy Pivot Signals Exit for Big Stock and Bond Investor
TradingSterling Trims Losses After Better-Than-Expected PMI Data
Top StoriesSterling Trims Some Declines After Better-Than-Expected PMI Data
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%...
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...
Russian Rouble Firms to 7-year High Past 53 vs Dollar in Moscow Trade
Date: June 22, 2022
MOSCOW (Reuters) – The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro, supported by capital controls, a favourable upcoming tax period and Russia’s trade surplus. At 0734 GMT, the rouble was 1.4% stronger against the dollar at 53.07, earlier strengthening to 52.80, its strongest mark since June...
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...
Russia Tells Lithuania: Your Citizens Will Feel the Pain Over Kaliningrad
Date: June 21, 2022
By Guy Faulconbridge LONDON (Reuters) -A top ally of President Vladimir Putin told Lithuania on Tuesday that Moscow would respond to its ban on the transit of goods sanctioned by the EU to Russia’s exclave of Kaliningrad in such a way that citizens of the Baltic state would feel the pain. With relations between Moscow...