interest-rates
FinanceUK Inflation Could Undershoot Forecasts, Requiring Faster Rate Cuts, BoE’s Ramsden Says
TradingLondon Stocks Subdued After Hot Inflation Data; Sage Soars
BankingEuro Zone Negotiated Pay Growth Accelerates in Q3, Adding to Rate Cut Caution
InvestingDollar Recovers After Three-Day Slide as Investors Await Cues on Trump Policies
Sterling Jumps After Data Shows UK Inflation Tops 2%
Date: November 20, 2024
By Amanda Cooper LONDON (Reuters) -Sterling jumped on Wednesday after data showed UK consumer inflation accelerated more quickly than forecast in October, supporting the view that the Bank of England will lower interest rates gradually in the coming months. An anticipated rise in energy bills last month pushed up the annual rate of inflation to...
Sterling Jumps After Data Shows Faster Rise in UK Inflation
Date: November 20, 2024
LONDON (Reuters) – Sterling jumped on Wednesday after data showed UK consumer inflation accelerated more quickly than forecast in October, helping support the view that the Bank of England will lower interest rates gradually in the coming months. The pound was last up 0.23% on the day at $1.2711, having traded around $1.2688 prior to...
UK Inflation Rises by More Than Expected to 2.3% in October
Date: November 20, 2024
LONDON (Reuters) -British inflation jumped by more than expected to go back above the Bank of England’s 2% target last month and measures of underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts. Consumer prices rose by an annual 2.3% in October after showing a 1.7% increase...
Dollar Touches One-Week Low as Safety Bid, ‘Trump Trade’ Momentum Ebb
Date: November 20, 2024
By Kevin Buckland TOKYO (Reuters) -The U.S. dollar slipped to a one-week low versus major peers on Wednesday, looking to extend a three-day decline from a one-week peak as the market catches its breath following the frantic rally in the wake of Donald Trump’s election. The previous day’s boost to the dollar and other traditional...
Stocks Rise, Oil Settles Slightly up as Russia-US Tensions Mount
Date: November 20, 2024
By Chibuike Oguh and Harry Robertson NEW YORK/LONDON (Reuters) –Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his incoming administration, while oil prices settled slightly higher as tensions mounted between Russia and the U.S. over Ukraine. Trump’s pool for a Treasury secretary pick...
Dollar Higher, Boost to Safe-Haven Currencies Fades
Date: November 20, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by Russia that it would lower its threshold for a nuclear strike faded following comments by Russian and U.S. officials. Ukraine used U.S. ATACMS...