LONDON UK-based investors who bought shares on the country's main stock index the day after the Brexit vote one year ago could be forgiven for wondering what the fuss is all about. Foreign investors could tell them.
LONDON For years the options market that companies and investors use to hedge against big swings in currencies viewed the euro as a bigger political and structural risk than Britain's pound.
NEW YORK The dollar fell against a basket of major currencies on Friday, recording its biggest one-day fall in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data.
LONDON Sterling gained by almost half a percent against the dollar on Friday, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months.
LONDON Bank of England policymaker Kristin Forbes said on Thursday she feared the pound's weakness would have a lasting upward effect on inflation, and that she was concerned central banks were becoming more reluctant to raise rates than in the past.
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