LONDON Sterling fell 1 percent and gilts rose on Friday after surveys showed business activity had wilted in the wake of the Brexit vote, bolstering expectations the Bank of England will have to do more next month to stimulate growth.
NEW YORK The dollar index rose to a more than four-month high on Friday as positive U.S. data and weak readings from overseas prompted investors to re-evaluate the likelihood of central bank policy divergence between the United States and other developed countries.
Speculators boosted their net long U.S. dollar position this week, to the highest since early June, as investors were encouraged by a spate of strong U.S. economic data that supports expectations of at least one interest rate hike in 2016.
MOSCOW The Russian ruble is starting to get too strong, a Kremlin economic aide said on Thursday, but in the latest sign of policy tensions the central bank said it had no plans to intervene.
NEW YORK Currency market fluctuations following Britain's vote to leave the European Union will hurt corporate results in the coming quarters, possibly resulting in a negative impact of as much as $35 billion to $40 billion (£26.5 billion to £30.3 billion), according to a report from FIREapps on Wednesday.
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