Sterling made significant gains versus several of its main peers during the early weeks of January, as FX market optimism developed, that the U.K. would avoid a no deal, hard Brexit. However, that optimism was tempered after Tuesday’s vote in the House of Commons. A vote that has emboldened the Tory govt. to approach the […]
As widely forecast by Reuters and other news agencies, the FOMC, headed by Fed Chair Jerome Powell, announced at the conclusion of their two day meeting, that the committee took the decision to leave the key interest unchanged at 2.5%. It was during the press conference, held half an hour later, when equity and FX
GBP/USD gave up its weekly gains during the late evening trading session on Tuesday, as the U.K. Parliament voted in favour of a political amendment, which will empower the U.K. government to approach the European Union, to ask for the withdrawal agreement to be ripped up, with the backstop removed. The backstop is a mechanism
Bearish trading in Europe set the tone for Western Hemisphere equities trading on Monday, the main markets in the: U.K., France and Germany all closed sharply down. The U.K. FTSE 100 ended the day down 0.91%, with the DAX ending the trading day down 0.63%. General concerns still linger for European market investors, dampening overall
The U.S. dollar continued to lose further ground versus several of its main peers during the overnight Asian session and the early hours after the London open, as investors and traders turned their attention to the FOMC rate setting meeting, scheduled to take place between January 29th-30th. Versus CHF, JPY, CAD and both the Australasian
(Reuters) – The dollar languished close to one-week lows on Wednesday as investors wagered the Federal Reserve would slow the pace of U.S. monetary tightening after its keenly-watched policy meeting later in the day. The safe-haven yen and the Swiss franc held a firm tone in early Asian trade as an overnight plunge in oil
Dollar in Fed’s cross hairs, struggles near one-week low as rates signal awaited Read More »
(Reuters) – The dollar was fragile in Asian trade on Tuesday as markets speculated growth worries will prompt the Federal Reserve to signal a pause to its monetary tightening cycle at this week’s meeting. Asian equities were hit hard after a rout on Wall Street overnight following a drum roll of weak data globally, reinforcing
Dollar on edge before Fed meet, all eyes on policy outlook Read More »
(Reuters) – The dollar held near two-week highs on Wednesday, as concerns about Sino-U.S. trade tensions propped up safe haven currencies and as investors awaited cues from the U.S. Federal Reserve on the path of future interest rate increases. The dollar has been under pressure in recent weeks on signs the Fed might slow the
Dollar buoyed by Fed expectations, trade tensions support safe haven bids Read More »
(Reuters) – The euro strengthened against major currencies on Monday, with risk appetite lifted after the European Union and Britain agreed a Brexit deal and signs that Italy is willing to reach a compromise over its 2019 budget plans. Sterling was firmer at around $1.2833 GBP=, as focus turned away from Sunday’s pact with EU
Dollar firmer as global growth concerns support flight-to-safety bid Read More »
(Reuters) – The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. The rise in the euro and sterling led investors to take profits on the U.S. dollar, which has retraced from a
Brexit hopes keep sterling, euro bid; dollar bulls take a breather Read More »
