Edition:
United Kingdom

Jessica Mortimer

Euro shines in 2013, complicating deflation fight

02 Dec 2013

LONDON, Dec 2 The euro is poised to become the best performing major currency of 2013, defying expectations of weakness for another year but complicating the European Central Bank's fight to avert deflation.

Strong euro messing with ECB's loose money policy

01 Oct 2013

LONDON A year after the European Central Bank pledged to do all it could to save the euro, the currency's new-found strength is tangling with its efforts to keep euro zone monetary policy loose.

Strong euro messing with ECB's loose money policy

01 Oct 2013

LONDON, Oct 1 A year after the European Central Bank pledged to do all it could to save the euro, the currency's new-found strength is tangling with its efforts to keep euro zone monetary policy loose.

Sterling hits 8-month high versus weaker dollar on Fed news

16 Sep 2013

LONDON Sterling rose to an eight-month high against a weaker dollar on Monday after Lawrence Summers, perceived by the market as more likely to favour a quick scaling back of monetary stimulus, pulled out from the race to be the next Fed chief.

Central banks, SWFs make up less than 1 percent of FX trade - BIS

05 Sep 2013

LONDON Trading by central banks and sovereign wealth funds account for less than 1 percent of the $5.3 trillion (3.40 trillion pounds) a day FX market, while smaller and regional banks make up nearly a quarter, a survey showed on Thursday.

BoE guidance brings forward UK rate hike expectations

07 Aug 2013

LONDON The Bank of England's attempt on Wednesday to dampen interest rate hike expectations had the opposite effect as investors instead brought forward their best guess of when rates would rise from record lows.

Markets bring forward UK rate hike expectations after Bank of England

07 Aug 2013

LONDON The Bank of England's new guidance on interest rates caused investors to bring forward expectations for when interest rates would rise from a record low, pushing sterling to a one-and-a-half-month high.

Markets bring forward UK rate hike expectations after Bank of England

07 Aug 2013

LONDON, Aug 7 The Bank of England's new guidance on interest rates caused investors to bring forward expectations for when interest rates would rise from a record low, pushing sterling to a one-and-a-half-month high.

Pick-up in UK manufacturing lifts pound to two-week high

03 Jun 2013

LONDON Data showing UK manufacturing activity grew at its fastest pace in more than a year last month lifted sterling to its highest in more than two weeks against the dollar on Monday.

Yen firms, euro edges up versus dollar in thin trade

27 May 2013

LONDON The yen rose on Monday, staying near a two-and-a-half week high against the dollar, as weak equity markets encouraged investors to take profit on the safe-haven Japanese currency's steep falls.

World News

Pelosi says Democrats will draft articles of impeachment against Trump

U.S. House of Representatives Speaker Nancy Pelosi on Thursday said she has directed a House committee to draft articles of impeachment against President Donald Trump over his effort to pressure Ukraine to investigate a political rival, a historic step that sets up a fight over whether to oust him from office.