MarketsOfficial Data Partner
Latest Markets News
Sterling collapses as investors fly into dollars, article with gallery
Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of England, as confidence evaporated in Britain's plan to borrow its way out of trouble, with spooked investors piling in to U.S. dollars.
Markets PerformanceOfficial Data Partner
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes
Morning Bid: Asia's FX doom loops
Expect an ugly open to Asian markets on Monday.
- CurrenciesJapan warns against speculative yen moves, markets wary of further intervention
Japanese Finance Minister Shunichi Suzuki said authorities stood ready to respond to speculative currency moves, a fresh warning that comes days after Tokyo intervened in the foreign exchange market to stem yen falls for the first time in over two decades.
- European MarketsChinese copper trader Maike will sell assets and restructure, Financial Times reports
Maike Metals International, one of China's biggest copper traders, is selling assets and studying a broader restructuring pattern as it battles to survive a liquidity crisis, the Financial Times reported on Monday, citing chair He Jinbi.