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Sterling falls after disappointing UK retail sales

LONDON Sterling on Thursday fell after disappointing UK retail sales data added to concerns about how many interest rate hikes the Bank of England will pursue this year.

Euro stumbles at $1.24 level as yield rise supports dollar

LONDON The euro briefly flirted with $1.24 (0.8739 pounds) on Thursday but a rise in long-term U.S. bond yields supported the dollar and pushed the single currency further back into its recent trading range.

12:52pm BST

Bullish bets on most Asian currencies rolled back as dollar perks up - Reuters poll

Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as the dollar bounced back amid improving appetite for riskier assets and upbeat U.S. economic data.

5:27am BST

Hong Kong central bank confident in currency peg even as interbank rate jumps

HONG KONG Hong Kong's central bank said on Thursday it has confidence in the financial hub's more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10-year high.

6:10am BST

Currency trading volumes hit record highs in first quarter

LONDON Foreign exchange trading volumes rose to a record high in the first three months of the year, data from CLS showed on Thursday, as a rise in volatility from multi-year lows encouraged more buying and selling of currencies.

11:40am BST