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Bank of England chief economist Andy Haldane has warned of a risk that inflation will prove difficult to keep under control as the economy recovers from the pandemic

Sterling knocked back by inflation fears and bond rout

Sterling fell against a stronger dollar today, retreating from a three-year high touched earlier this week, as a rout in global bond markets sent yields flying and hurt the pound, while the Bank of England warned of inflation risks.

Business • 26 Feb 21

The pound is the best-performing G10 currency this year, up nearly 4% against the dollar and 3.2% against the euro

Sterling hits highest level against euro in a year

Sterling jumped above $1.42 today, coming within touching distance of $1.43, while also reaching a year's high against the euro as analysts retained their bullish views on the currency.

Business • 24 Feb 21

Sterling hit $1.40 against the dollar for first time in nearly three years today

Sterling hits $1.40 for first time in nearly 3 years

Sterling hit $1.40 against the dollar for first time in nearly three years this morning, as analysts bet the UK's quick pace of vaccinations will lead to an economic rebound from the country's worst crash in output in 300 years.

Business • 19 Feb 21

Sterling has risen more than 2% against the euro in February

Sterling hits highest level against euro since March

Sterling edged higher against both the euro and the dollar today, reaching its highest in almost a year against the single currency, amid expectations of a faster economic recovery in Britain thanks to its successful Covid-19 vaccinations.

Business • 18 Feb 21

Bitcoin is set for gains of over 20% in a milestone week for the cryptocurrency

Bitcoin clings to Tesla gains, dollar set for loss

Bitcoin hovered close to record highs today, set for gains of over 20% in a milestone week marked by the endorsement of major firms, such as Elon Musk's Tesla, while the weak US jobs market continued to weigh on the dollar.

Business • 12 Feb 21

Sterling has gained broadly in the past few weeks amid optimism over Britain's rapid Covid-19 vaccination roll-out

Sterling breaks above $1.38, highest since April 2018

Sterling edged up against the dollar today, breaking above $1.38 and touching its highest level in almost three years as the UK's speedy coronavirus inoculation programme supports the currency.

Business • 10 Feb 21

Sterling is on track for its fourth week of gains against the dollar

Sterling on track for fourth week of gains in a row

Sterling edged higher on Friday and was on track for its fourth consecutive week of gains against the dollar, after the Bank of England avoided sub-zero rates for now. While the US job report put the dollar on the back foot.

Business • 05 Feb 21

Sterling was up 0.3% at 88.26 pence at 1550 GMT

Sterling hits 8-month high vs weakening euro

Sterling rose to an eight-month high against a weakening euro today, as Britain's Covid-19 vaccine rollout helped the pound, while the European Central Bank hinting at a possible rate cut hit the single currency.

Business • 27 Jan 21

Despite today's fall, sterling is still on track for a second week of gains against the dollar

Weak December UK retail sales upset sterling

Sterling edged lower against the dollar and the euro today as data showed retail sales bounced back weakly in December after shops in England emerged from a four-week November lockdown.

Business • 22 Jan 21

he paper Tsuggests that the EU use its €750bn recovery plan as inspiration to promote euro-denominated financing on the markets

EU sets out plans to built the power of the euro

Europe is too vulnerable to the global power of the dollar and must ensure the international standing of its euro currency to challenge US dominance, the EU executive has said.

Business • 19 Jan 21

Sterling records gains against the dollar and euro today

Sterling jumps as BoE puts 'dampener' on negative rates

Sterling jumped higher against the euro and the dollar today as comments from the Bank of England's governor on the viability of negative interest rates dampened some expectations of sub-zero rates in Britain.

Business • 12 Jan 21

Sterling lower but recovers from a 10-day low as hopes of progress in Brexit talks helped to take some pressure off

Sterling remains under pressure amid virus and Brexit

Sterling fell as Britain remained stuck in Covid-19 isolation due to a new coronavirus strain, although hopes of progress in Brexit talks helped to take some pressure off the British currency.

Business • 22 Dec 20

Sterling falls about 2.5% against the dollar and by over 1% against the euro today

Sterling slumps as other countries cut transport ties

Sterling fell against the dollar and euro today as more countries cut transport ties with Britain, where a fast-spreading new strain of the coronavirus had broken out.

Business • 21 Dec 20

Sterling is still on track for its best week since the end of July, despite today's falls

Sterling drops as Barnier says just hours left for deal

Sterling fell today, reversing some of its recent gains, after European Union chief negotiator Michel Barnier warned that there were just hours left to reach a Brexit trade deal with London.

Business • 18 Dec 20

Sterling is benefiting from an improvement in the narrative on the chances of a Brexit trade deal this week

Sterling rises above $1.36 on renewed Brexit hopes

Sterling rallied to above $1.36 today, building on a two and a half high against a struggling dollar as reports of progress in Brexit trade talks boosted appetite for the British currency.

Business • 17 Dec 20

The euro moved above $1.22 against the dollar today for the first time since April 2018

Euro rises above $1.22 for first time in over two years

Strong euro zone survey figures and hopes of progress on Brexit negotiations pushed the euro above $1.22 against the US dollar today for the first time since April 2018.

Business • 16 Dec 20

Sterling stabilised today after yesterday's sharp rebound as markets grew more optimistic about the chances of a Brexit deal

Sterling recovers as hopes for Brexit deal are revived

The pound rose today as markets grew more optimistic a Brexit deal would be reached, even as implied volatility gauges pointed to further price swings ahead of the December 31 deadline.

Business • 15 Dec 20

Sterling rose against the dollar and euro on hopes that Britain and the European Union will secure a free trade agreement

Sterling rises after Brexit talks are extended

Sterling touched $1.34 against the dollar today, extending gains of more than 1%, after Britain and the European Union extended discussions on a post-Brexit trade deal beyond Sunday's deadline.

Business • 14 Dec 20

Sterling has been jittery on Brexit headlines, dropping in response to news suggesting a deal is unlikely and rising when hopes are raised

Sterling extends losses with UK and EU still far apart

The pound extended its losses against the dollar and the euro today as market participants became more cautious about the risk of a no-deal Brexit.

Business • 10 Dec 20

Traders are hopeful that a face-to-face meeting between Boris Johnson and Commission chief Ursula von der Leyen can break the Brexit deadlock

Sterling rises ahead of last-ditch Brexit meeting

Sterling rose against a broadly weaker dollar today after three days of losses as British Prime Minister Boris Johnson headed to Brussels for dinner with the president of the European Commission in a last-ditch attempt to avoid a no-deal Brexit.

Business • 09 Dec 20

Sterling fell 1% against major peers yesterday as both sides issued downbeat assessments of the progress of talks

Pound under pressure as no-deal viewed as possibility

The prospect of a no trade deal between the EU and the UK by the end of the Brexit transition period at the end of this month is being viewed as a distinct possibility by currency traders.

Business • 08 Dec 20

Sterling's sharp drop today was a complete U-turn in market sentiment from Friday

Sterling drops more than 1% on Brexit jitters

The British pound at one stage fell more than 1.1% to six-week lows versus the euro and also dropped against the dollar today as last-ditch trade talks between Britain and the European Union resumed in Brussels and investors re-evaluated the risk of a no-deal Brexit.

Business • 07 Dec 20

Sterling is at a six-month high versus the euro today amid optimism that a Covid-19 vaccine would bolster the UK economy

Pound hits six-month highs against the euro

Sterling rose to a six-month high versus the euro today amid optimism that a vaccine against Covid-19 would bolster the UK economy and shifting expectations for Brexit and negative interest rates.

Business • 11 Nov 20

Currency markets are waiting for the US election outcome after early results indicated a tight race

Dollar gives up gains on tight US election

The dollar gave up most of its gains and riskier currencies recovered today as investors waited for US election results amid growing hopes that the worst of the volatility related to the event has passed.

Business • 04 Nov 20

The dollar was down 0.44% against a basket of currencies today after hitting a month high yesterday

Dollar dips to price Biden win on US election day

Foreign exchange markets moved today towards pricing a victory for US Democratic candidate Joe Biden against President Donald Trump despite warnings that possible post-election disputes could unleash weeks of dollar volatility.

Business • 03 Nov 20