Euro rises as dollar slips to eight month low The euro rose today after unexpectedly high Spanish inflation data raised expectations for a higher euro area print on Wednesday, while the dollar languished near … Business • 30 Jan
Euro clears nine month peak as ECB hawks let fly The euro hit a nine-month peak against the dollar today as comments signalling additional jumbo interest rate rises in Europe contrasted with market pricing for … Business • 23 Jan
US dollar index set for biggest annual gain since 2015 The dollar fell today but was still on track for its biggest annual gain since 2015, in the last trading day of a year dominated … Business • 30 Dec 22
Bank of England unveils first notes with King Charles The Bank of England unveiled its first bank notes featuring King Charles today, which will enter into circulation from the middle of 2024 to gradually … Business • 20 Dec 22
Sterling falls after BoE's ninth consecutive rate hike Sterling fell against the dollar today after the Bank of England delivered an expected half-percentage-point hike in interest rates, its ninth in a row, as … Business • 15 Dec 22
Sterling moves higher again today Sterling ticked up today, rising for a second day against a faltering US dollar after preliminary British economic activity data beat expectations, though it still … Business • 23 Nov 22
Dollar cedes some ground as bitcoin hunkers down The dollar retreated today after rallying the previous day when investors rushed to the safe-haven currency on worries about China's Covid flare-ups, while fears of … Business • 22 Nov 22
Covid in China sets sterling for big daily fall Sterling slipped against a strengthening US dollar today as global risk sentiment was dented by rising Covid-19 cases in China, which led to new restrictions … Business • 21 Nov 22
Sterling rises after partial recovery in retail sales Sterling rose today after better-than-expected retail sales for Britain a day after finance minister Jeremy Hunt announced tax rises and spending cuts in an effort … Business • 18 Nov 22
Sterling, UK bond prices dip as Hunt gives tough budget Sterling and UK government bond prices fell today after British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in … Business • 17 Nov 22
Sterling hits highest level in almost three months The pound rose to its highest in almost three months against the US dollar today ahead of the UK government's budget this week, largely as … Business • 15 Nov 22
Sterling falters as market awaits fiscal plan Sterling fell against the dollar today as traders braced for the UK government's fiscal statement on Thursday in a data-heavy week that could shed light … Business • 14 Nov 22
Sterling slips as dollar edges higher, with eyes on US Sterling fell today as the dollar rose, with investors focused on US inflation figures and the midterm elections. Business • 08 Nov 22
Euro and sterling jump, dollar falters Euro and sterling rose against the safe-haven US dollar today, supported by a risk-on sentiment across markets with European stocks rising on persistent hopes China … Business • 07 Nov 22
Exporters keep anxious eye on sterling movements Some economists and bankers are warning that the US economy and the global economy will enter recession by the middle of 2023. Business • 04 Nov 22
Sterling drops as Bank of England hikes interest rates Sterling fell sharply today as the Bank of England raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs … Business • 03 Nov 22
Sterling dips ahead of Bank of England decision Sterling reversed earlier gains against the dollar and euro in later trade as markets braced for policy decisions from the Bank of England on benchmark … Business • 02 Nov 22
Sterling recovery stalls but set for third weekly gain The British pound fell against the dollar today but was still set for its third consecutive weekly gain, its longest positive streak since February. Business • 28 Oct 22
Sterling hits six week high as budget plan delayed Sterling soared to six-week highs today, as Britain's new Prime Minister Rishi Sunak held his first cabinet meeting and a decision to delay the announcement … Business • 26 Oct 22
Pound rises as Sunak becomes Prime Minister Sterling rose today due to improved risk sentiment as Rishi Sunak became Britain's prime minister, while the euro steadied ahead of an expected rate hike … Business • 25 Oct 22
Sterling supported by Rishi Sunak news Sterling took support today on the news that former finance minister Rishi Sunak is set to become British prime minister after other candidates quit the … Business • 24 Oct 22
Sterling falls on political uncertainty as Truss quits Sterling fell as economic and political uncertainty weighed today after the resignation of British Prime Minister Liz Truss, following the unravelling of her vast planned … Business • 21 Oct 22
Sterling rallies as Prime Minister Liz Truss resigns Sterling rallied and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss … Business • 20 Oct 22
Pound weakens as UK inflation returns to 40-year highs Sterling fell today after data showed surging food prices pushed British inflation into double digits last month, leaving investors to weigh up the outlook for … Business • 19 Oct 22
Sterling pauses after UK fiscal U-turn rally The dollar lost ground against sterling and other major peers today as investor sentiment picked up following the UK's dramatic U-turn over the tax-slashing mini … Business • 18 Oct 22
