Edition:
United Kingdom

Saikat Chatterjee

FOREX-Dollar tiptoes higher for third day ahead of expected Fed hike

12 Dec 2018

LONDON, Dec 12 The dollar edged higher for a third day before a widely expected U.S. interest rate hike next week, but its gains were limited by growing expectations that the Federal Reserve may express a more cautious view on future rate rises.

FOREX-Dollar up for a third day as yields rise; pound falls

12 Dec 2018

LONDON, Dec 12 The dollar rose for a third consecutive day on Wednesday as U.S. Treasury yields rose before a Federal Reserve meeting where it is widely expected to raise interest rates for the fourth time this year.

Sterling to 20-month lows on reports of no-confidence vote in May

11 Dec 2018

LONDON Sterling fell to 20-month lows on Tuesday in the wake of reports that colleagues of Prime Minister Theresa May believed they had sufficient numbers to mount a no-confidence vote in her leadership.

Foreign investors spurn U.S. Treasuries as curve threatens to invert

11 Dec 2018

TOKYO/LONDON A worrying sign of inversion in the U.S. Treasury bond curve is dulling the appeal of the developed world's highest-yielding bond market for foreign investors.

FOREX-Dollar little changed after biggest weekly loss in three months

10 Dec 2018

LONDON, Dec 10 The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world's biggest economy.

Factbox - Diverse Brexit vote scenarios pose sterling conundrum

10 Dec 2018

LONDON Sterling's fortunes, hostage to Brexit news for more than two years, now hinge on whether Prime Minister Theresa May's exit agreement with the EU can get through parliament on Dec. 11.

FOREX-Dollar set for biggest weekly drop in two months as U.S. data eyed

07 Dec 2018

LONDON, Dec 7 The dollar steadied on Friday after a big overnight drop as growing speculation that the U.S. central bank may soon signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.

FOREX-Dollar set for biggest weekly drop in two months

07 Dec 2018

LONDON, Dec 7 The dollar nursed losses on Friday after sustaining a large overnight drop as growing speculation that the U.S. central bank may be readying to signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.

Weakening dollar props up pound as UK parliament vote eyed

06 Dec 2018

LONDON Sterling extended gains on Thursday thanks to a broadly weak dollar though concerns on how the British parliament votes on Prime Minister Theresa May's Brexit deal next week prompted investors to remain broadly sidelined.

Sterling supported by rising odds of no-Brexit

05 Dec 2018

LONDON Sterling stemmed early losses on Wednesday on a more positive outlook over Brexit, overcoming data showing a shock slide in Britain's services sector and suggesting the economy would barely grow in the last quarter of 2018.

World News

Trump ex-lawyer Cohen given three years in prison as risks rise for Trump

President Donald Trump's former personal lawyer Michael Cohen was sentenced to three years in prison on Wednesday for crimes including orchestrating hush payments to women in violation of campaign laws before the 2016 election, and he promised to keep cooperating with the U.S. government against his former boss.