You Searched For "pound sterling" and got 20 results
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3 mins read
Global shares rise, buoyed by relief after UK travel rules were eased, while Trump signals he may not sign off on $900 billion stimulus bill
Shares increase after France relaxes rules on arrivals from UK, where a new strain of COVID-19 has …
Amanda Cooper
2 mins read
The pound slips against the dollar after briefly erasing its selloff losses, as UK emergency talks fail to deliver
The UK currency fell back from gains logged in Asian trading as British leaders resisted pressure t…
Karen Friar
3 mins read
'You won't get a more illegal knee' than the one Petr Yan landed on Aljamain Sterling, says UFC's Davey Grant
"The shots that hurt the most are ones you don't see coming," Grant said, as American fighter Sterl…
Alan Dawson
3 mins read
Bank of England expands bond-buying and cuts economic growth forecasts as COVID-19 lockdowns hit the UK
The Bank of England says the UK economy will shrink more than expected, as COVID-19 lockdowns hit a…
Amanda Cooper
1 min read
The pound slips again versus the dollar after brief rally as markets weigh UK prime minister's speech on budget measures
"Cutting taxes is the right thing to do morally and economically," Truss said Wednesday, causing th…
Jennifer Sor
3 mins read
The pound just hit an all-time low — but it's not just dollar strength. Here's how Brexit is at the root of the market rout.
While the UK government's tax-cutting plan spooked markets, strategists pointed to the UK's withdra…
George Glover
1 min read
It's just not the British pound that's getting pummeled. Bond yields in the UK are now trading at Global Financial Crisis levels
The two-year gilt's yield jumped as high as 4.761%, the most since 2008 and up from about 4.5% on M…
Brian Evans
1 min read
Bank of England hikes interest rates 50 basis points as it battles to tame soaring inflation and prop up the plummeting pound
The UK's central bank is battling to prop up the pound, which has fallen to 37-year lows against th…
George Glover
2 mins read
Pound rallies from 2-week low amid mixed signals about whether the Bank of England's ready to keep buying bonds
The British pound stayed higher even after the Bank of England rebutted a Financial Times report th…
Karen Friar
2 mins read
The British pound drops against the dollar as Fitch cuts UK's credit outlook to negative on risks from Truss government's mini-budget
Fitch warned the UK's credit rating could be cut from its current standing at AA-. The pound lost g…
Carla Mozée
1 min read
British pound could near parity with the US dollar next year as energy crisis sends economy into recession, analyst says
The pound-dollar rate could fall to a record low of about $1.05 next year, Capital Economics warned…
Brian Evans
2 mins read
The drop in the pound is sending UK rate expectations to 6% in 2023 - and that means a spike of 73% for some mortgage payments, economist says
The UK's key interest rate could soar to 6% in 2023 and that could mean some refinanced monthly mor…
Carla Mozée
4 mins read
European shares retreat as caution over the economic outlook resurfaces after the biggest ever monthly rally
Stoxx 600 edges lower, but still on track for biggest one-month gain ever in November.
Amanda Cooper
2 mins read
British pound sinks to 37-year low against the dollar as retail sales crater, fueling fears about a UK recession
The Bank of England has struggled to keep pace with the Federal Reserve's tightening efforts, pushi…
George Glover
1 min read
Hedge fund manager who is up 145% this year says the British pound isn't done falling after hitting record low
"I don't think you can start getting bullish on sterling," the founder of Odey Asset Management tol…
Brian Evans
1 min read
UK finance minister will meet with Wall Street banks after the newly unveiled mini-budget sparked panic in markets and sent the pound plummeting
UK Chancellor of the Exchequer Kwasi Kwarteng will meet with Bank of America, Citigroup, JPMorgan C…
Carla Mozée
1 min read
The pound could easily slip below parity with the dollar due to UK's latest tax cuts, former Treasury Secretary Larry Summers says
"It makes me very sorry to say but I think the UK is behaving a bit like an emerging market turning…
George Glover
2 mins read
The UK pound just tumbled to a record low against the dollar. That could drive up food and gas prices for already struggling households.
Food and gas prices could be set to soar due to the pound's depreciation - with the UK already grap…
George Glover
2 mins read
The pound jumps against the dollar after Liz Truss resigns as prime minister, but more volatility could be in store for markets as political and economic risks linger
The pound gained as much as 1% during Thursday's session, which saw Liz Truss give up her role as t…
Carla Mozée
3 mins read
US stock futures fall after 'chaotic' presidential debate, risk aversion rattles oil and silver
US stock futures declined, pushing down European shares and weighing on oil, silver and industrial …