Edition:
International

Neal Armstrong

Sterling hits seven-month high versus dollar

Apr 26 2012

LONDON Sterling rose to its highest level in over seven months against the dollar on Thursday, shrugging off a recession in the UK and primarily driven by weakness in the greenback after U.S. policymakers kept the door open for more monetary easing.

Sterling at fresh 20-month high versus weakened euro

Apr 23 2012

LONDON Sterling rose to a 20-month high against a weakened euro on Monday as political uncertainty in France and the Netherlands, combined with a grim economic outlook in the euro zone, prompted investors to flee the common currency.

Sterling holds firm near 4-1/2 month high vs dollar

Apr 03 2012

LONDON Sterling inched up against the dollar on Tuesday and stayed close to four month highs as upbeat manufacturing data tempered concerns about a recession in Britain.

Sterling slips on BoE minutes but little moved by Budget

Mar 21 2012

LONDON Sterling eased from two week highs against the dollar on Wednesday after dovish minutes from the Bank of England's last policy meeting, while Chancellor George Osborne's 2012 Budget was perceived as largely neutral for the currency.

Sterling at one-week high versus dollar, gains on euro

Mar 16 2012

LONDON Sterling hit a one-week high against the dollar on Friday after softer-than-expected U.S. inflation data tempered investors' recent appetite for the greenback, while the pound also edged to one-month highs on the euro.

Sterling retreats versus euro on ratings caution

Mar 15 2012

LONDON Sterling pulled back from a one-month high versus the euro and struggled against the dollar on Thursday, with investors cautious after ratings agency Fitch joined Moody's in warning of a possible downgrade to Britain's triple-A credit rating.

Sterling hits 6-wk low vs broadly firmer dollar

Mar 12 2012

LONDON Sterling fell to its lowest in over six weeks versus a firmer dollar on Monday as increased optimism over the U.S. economy boosted the greenback and triggered stop-loss sell orders in the pound, adding weight to a bearish technical outlook.

Euro rises with Greek deal expected but sentiment fragile

Feb 20 2012

LONDON The euro rose on Monday on expectations that euro zone policymakers would approve Greece's second bailout but risks over implementing the deal as well as a loose euro zone monetary policy outlook were likely to cap the common currency's gains.

PIMCO tells clients diversify out of euros

Jan 27 2012

LONDON PIMCO is advising clients to diversify out of euros to protect the value of their investment holdings amid a highly uncertain outlook in the euro zone, with emerging market currencies seen as an attractive alternative in the long term.

FUND VIEW-PIMCO tells clients diversify out of euros

Jan 26 2012

LONDON PIMCO is advising clients to diversify out of euros to protect the value of their investment holdings amid a highly uncertain outlook in the euro zone, with emerging market currencies seen as an attractive alternative in the long term.

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