Edition:
United Kingdom

Saikat Chatterjee

FOREX-Dollar posts biggest 2-day drop in a year as Fed sparks hedge funds rout

12:13pm BST

LONDON, June 20 The dollar sank broadly against its rivals on Thursday and is on track for its biggest two-day drop in a year after the U.S. central bank signalled it was ready to cut interest rates as early as next month.

FOREX-Dollar on track for biggest 2-day drop this year on dovish Fed

8:27am BST

LONDON, June 20 The dollar sank on Thursday and is on track for its biggest two-day drop this year after the U.S. Federal Reserve signalled it was ready to cut interest rates as early as next month.

Sterling rises for a second day before central bank meeting

19 Jun 2019

LONDON The pound rallied more than half a percent on Wednesday as investors trimmed their short bets before the Bank of England's policy meeting on Thursday where it may strike a relatively more confident tone than its peers.

FOREX-Euro dives after ECB's Draghi hints of more stimulus

18 Jun 2019

LONDON, June 18 The euro erased earlier gains and fell across the board on Tuesday after European Central Bank chief Mario Draghi said policymakers will provide more stimulus if inflation does not pick up.

FOREX-Dollar heads towards 3-month lows before Fed meeting; Draghi eyed

18 Jun 2019

LONDON, June 18 The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low before a U.S. central bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.

FOREX-Dollar heads towards 3-month lows before Fed meeting; Draghi eyed

18 Jun 2019

LONDON, June 18 The dollar weakened against its rivals on Tuesday, heading back towards a recent three-month low before a U.S. central bank meeting gets underway with expectations growing the Fed will signal its first rate cut in a decade.

Pound falls to five-and-a-half month low as Johnson's lead grows

17 Jun 2019

LONDON The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his rivals in the race to lead their ruling Conservative Party.

FOREX-Dollar set for biggest rise in three weeks as Fed eyed

14 Jun 2019

LONDON, June 14 The dollar rose on Friday and was set for its biggest weekly gain in three weeks as investors squared up for a U.S. central bank meeting next week where policymakers might signal when it plans to cut interest rates for the first time in a decade.

FOREX-Hedge funds trim risky FX trades as rate-cut bets rise

14 Jun 2019

LONDON, June 14 The Australian and the New Zealand dollars fell on Friday as bets on interest rate cuts undermined demand as a Group of 20 meeting later this month kept investors sidelined.

FOREX-"Perfect storm" for dollar as bets on U.S. rate cuts grow

12 Jun 2019

LONDON, June 12 The dollar fell on Wednesday as rising trade tensions between Washington and Beijing and growing bets on a U.S. interest rate cut sapped investor demand for the currency.

World News

Trump says Iran may have shot down U.S. drone by mistake

U.S. President Donald Trump played down Iran's downing of a U.S. military drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely-controlled aircraft had been piloted.