Sterling falls to 21-month low vs dollar amid growth worries

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, April 26 (Reuters) – Sterling held near its lowest levels since 2020 on Tuesday against a broadly firm dollar, with … Read more

Shares fragile, dollar soars on growth scare and Fed bets

World shares steady, earnings prop up Europe, US futures dip China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Yuan above 1-year low after PBOC cuts FX reserve ratio Graphic: Global asset performance MILAN, April 26 (Reuters) – World shares steadied on Tuesday … Read more

Oil slumps 4% as Shanghai lockdowns stoke demand fears

Pump jacks operate at sunset in Midland, Texas US February 11, 2019. Picture taken February 11, 2019. REUTERS/Nick Oxford/File Photo Register now for FREE unlimited access to Reuters.com Register Shanghai COVID lockdowns drag into fourth week EU considers ‘smart sanctions’ on Russian oil -media US dollar hits two-year high on potential interest rate rise NEW … Read more

Exclusive: ECB policymakers keen for quick end to bond buys, early rate hike

The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, December 8, 2016. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, April 24 (Reuters) – European Central Bank policymakers are keen to end their bond purchase scheme at the earliest possible moment and raise … Read more

Japan’s finance ministry official denies report Japan, US discussed joint FX intervention

Japan Yen and US Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, April 23 (Reuters) – A senior Japanese finance ministry official on Saturday denied a media report that Japan and the United States discussed coordinated currency intervention to … Read more

Gold marks weekly dip on looming rate hikes, dollar rally

Spot gold hits two-week trough Silver on track for biggest weekly drop since late January April 22 (Reuters) – Gold fell 1% on Friday and was set for its biggest weekly decline since mid-March as signs of faster policy tightening by the Federal Reserve lifted Treasury yields and the dollar. Spot gold was down 0.9% … Read more

Slowdown warnings flash for UK economy as inflation surges

LONDON, April 22 (Reuters) – Britain’s economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine. Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a … Read more

Chinese markets continue to see foreign investment outflows in April

Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register April 22 (Reuters) – Overseas investors extended their selling of Chinese shares into April, after dumping them in the previous month, on mounting worries about the impact of … Read more

UK economy stumbles as consumers, firms brace for downturn

UK retail sales fall 1.4% in March, far more than expected Consumer confidence approaches record low levels S&P Global business survey shows growth slowing, gloomy outlook Bailey says BoE walks tightrope between inflation and recession LONDON, April 22 (Reuters) – Britain’s economy is losing steam as households in the face of a tightening cost-of-living squeeze, … Read more

‘Panicked’ Russians withdraw $9.8 bln in FX from banks in March

A man uses his smartphone near a board showing currency exchange rates of US dollar against the Russian ruble in Saint Petersburg, Russia February 28, 2022. REUTERS/Anton Vaganov/File Photo Register now for FREE unlimited access to Reuters.com Register April 20 (Reuters) – Russian households withdrew foreign currency worth $9.8 billion from their accounts in March … Read more