LONDON Low readings for German inflation drove the euro back to nine-day lows against the dollar on Thursday.
LONDON A swing in sentiment against the euro dominated major currency markets for a second day on Thursday, weak initial readings of German regional inflation prodding the single currency back to nine-day lows against the dollar.
(This story first published on March 28, was refiled to amend headline)
LONDON The dollar steadied on Tuesday after its worst week since U.S. President Donald Trump’s election in November, promises of more rises in Federal Reserve interest rates this year helping it recover from multi-month lows in still shaky global markets.
LONDON All eyes in financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, the result of the vote and Donald Trump's response seen as crucial to his promise to deliver a "phenomenal" tax reform.
LONDON The pound flattened out on Wednesday after hitting its highest levels in almost four weeks, as speculation that the Bank of England will raise rates within the next year was cooled by broader concerns about a Brexit-driven economic slowdown.
LONDON U.S. bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums.
LONDON The pound hit a two-week high against the dollar on Friday, drawing confidence from signs that some at the Bank of England may be leaning toward a rise in interest rates to support the currency.
LONDON Sterling retreated against the dollar and euro on Thursday, with signs the economy is finally slowing after last year's Brexit vote expected to weigh on the Bank of England's message on interest rates later in the day.
LONDON Britain's battered pound recovered half a percent against the dollar on Wednesday, propped up by corporate demand as investors looked for bargains after it hit two-month lows the previous day.