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Foreign Exchange Analysis Headlines

Sterling rises after UK inflation beats expectations

Sterling strengthened on Tuesday after data showed British inflation unexpectedly stayed close to its highest levels in six years in January, firming up investors' bets that the Bank of England will raise interest rates again in May.

Yen hits five-month high as dollar extends fall

The Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling of the dollar and speculation the Bank of Japan could be close to dialling back record levels of monetary stimulus.

Sterling edges up ahead of inflation data

Sterling edged up against the dollar on Tuesday, continuing a modest rebound from three-week lows hit on Friday, as traders eyed UK inflation data for clues on when and how fast the Bank of England will raise interest rates.

Moscow says no evidence behind U.S. indictment of Russians for alleged election meddling

MOSCOW No evidence is behind the U.S. indictment of Russian nationals for alleged election interference and Moscow has given multiple explanations on what Washington called "Russian meddling efforts", RIA news agency cited the Russian presidential envoy as saying on Saturday.