Financial news: banks, currency



Pound slides to five-week trough on dollar firmness

Pound slides to five-week trough on dollar firmness

The pound slumped on Tuesday to its nadir since mid-March, its sixth straight daily decline, as the greenback recovered and traders worried over the British economy state. 


Today
Gold recovers from one-month low as 10-year Treasury pull back
Gold recovers from one-month low as 10-year Treasury pull back

Gold futures jumped on Tuesday, having touched their trough in a month on Monday. The metal surged as a rise in U.S. bond yields towards 3 percent...

European stocks wobble as investors digest earnings reports
European stocks wobble as investors digest earnings reports

European stocks headed toward their strongest levels in more than two months in morning deals on Tuesday as investors assessed a stream of...

April 23, 2018
Aluminium slumps more than 8 percent
Aluminium slumps more than 8 percent

The price of aluminum on the London Metal Exchange slumped by 8.3% on Monday - at the fastest pace in seven years - on news the U.S. softened its...

Pound hovers near two-week low amid rising doubts on May rate hike
Pound hovers near two-week low amid rising doubts on May rate hike

The pound sank to a two-week trough versus the dollar on Monday as traders wondered whether the central bank would increase interest rates in May...

European stocks fluctuate as PMI disappoints
European stocks fluctuate as PMI disappoints

European stocks dip on Monday as financial results from Switzerland’s largest bank, UBS, and fresh monthly services and manufacturing data...

April 20, 2018
Gold slips, set for narrow decline for the week
Gold slips, set for narrow decline for the week

Gold futures fell for a second session in a row on Friday, on course to post their first weekly loss in three weeks, as jump in the dollar weighed...

European stocks on track for fourth week of gains
European stocks on track for fourth week of gains

European stocks slipped on Friday at the end of a robust week as a rally in commodities lost momentum, triggering profit-taking among mining...

Euro steady ahead of ECB meeting next week
Euro steady ahead of ECB meeting next week

The euro was firm above the $1.23 mark on Friday and is on track for its weakest week of gains in 10 months as traders remained cautious before a...

Sterling wobbles on rising doubts of BoE rate hike next month
Sterling wobbles on rising doubts of BoE rate hike next month

Sterling fluctuated near two-week trough versus the dollar on Friday after statements from the Bank of England head and weak UK retail sales...

April 19, 2018
British financial watchdog to review preference shares
British financial watchdog to review preference shares

The British Financial Market Authority (FCA) announced a review into preference shares and other similar securities so that investors could obtain...

Pound dragged down by weak UK retail sales
Pound dragged down by weak UK retail sales

The pound slipped on Thursday after weak Britain's retail sales figures added to worries about how many Bank of England interest rate hikes to...

European shares advance on strong corporate results
European shares advance on strong corporate results

The main European stock indexes rose slightly on Thursday, supported by solid financial results, though two-day rally lost momentum. 

Aluminium rises to $2600 on concerns over deficits of metal
Aluminium rises to $2600 on concerns over deficits of metal

The price of aluminium on the London Metal Exchange (LME) jumped 2.5% to $2,600 a metric ton on Thursday, due to forecasts of a possible shortage...

April 18, 2018
Gold rises slightly as dollar, shares gain
Gold rises slightly as dollar, shares gain

Gold futures gained slightly in early trading on Wednesday as volatile trade in recent sessions has bounded the haven metal in a comparatively...

European stocks extend rise, focus on earnings
European stocks extend rise, focus on earnings

European stocks steadied on Wednesday, underpinned by first-quarter financial results and as the geopolitical tensions fade.

Pound dips as inflation slows to weakest in year
Pound dips as inflation slows to weakest in year

The pound slumped to a four-day nadir on Wednesday, reversing its gains for the week after UK inflation surprisingly slowed to the weakest level...

April 17, 2018
European stocks inch up on upbeat sentiment
European stocks inch up on upbeat sentiment

European stocks rose in morning deals on Tuesday as concerns over U.S.-Russia tensions eased up with attention turning to the first-quarter...

Pound soars to top since Brexit referendum in June 2016
Pound soars to top since Brexit referendum in June 2016

The pound on Tuesday jumped to its top since the UK’s vote to depart from the European Union in summer 2016, supported by anticipations that...

April 13, 2018
Pound touches 10-week top against dollar, 11-month high vs. euro
Pound touches 10-week top against dollar, 11-month high vs. euro

The pound jumped to a fresh 10-week peak versus the dollar on Friday and scaled to an 11-month top versus the euro, stimulating traders to unwind...

European stocks rise amid Syria conflict and U.S.-China trade tensions
European stocks rise amid Syria conflict and U.S.-China trade tensions

European stocks edged up to fresh one-month peak on Friday as U.S.-China trade tensions eased, while corporate results supported markets. 

April 12, 2018
Bitcoin breaks out of tight range
Bitcoin breaks out of tight range

The world's most popular digital currency bitcoin soared to a two-week high of $8,055.20 on Thursday, climbing as much as 16%. 

European shares rise while concerns over U.S. military action in Syria remain
European shares rise while concerns over U.S. military action in Syria remain

European stocks moved higher on Thursday underpinned by fresh dealmaking activity, though anxiety remain among investors due to perspective of...

April 6, 2018
Sterling heads to six-week trough as dollar climbs
Sterling heads to six-week trough as dollar climbs

Sterling wobbled near six week trough on Friday amid a broadly stronger dollar and weak economic data. The British currency was virtually...

European stocks fall as U.S.-China tense relations escalate
European stocks fall as U.S.-China tense relations escalate

European stocks dropped on Friday after U.S. President Donald Trump hinted at the possibility of imposing tariffs on another $100 billion of...

April 5, 2018
Upbeat spirit lifts European shares
Upbeat spirit lifts European shares

European shares soared on Thursday as traders grew less concerned about a global trade war and increased their long-term allocations to risky...

Pound slides following UK services sector fall
Pound slides following UK services sector fall

The pound weakened versus its major peers on Thursday after a fresh data showed the UK services sector suffered its weakest month since just after...

April 4, 2018
Pound rises versus dollar despite weak UK construction figures
Pound rises versus dollar despite weak UK construction figures

Weaker-than-expected UK construction industry data failed to stop pound’s four-day increase versus its U.S. counterpart on Wednesday, as...

European stocks dip as China reacts on U.S. tariffs
European stocks dip as China reacts on U.S. tariffs

European shares extended decline on Wednesday after China announced new tariffs against U.S. goods, triggering worries about a full-featured trade...

April 3, 2018
Sterling edges higher on strong manufacturing data
Sterling edges higher on strong manufacturing data

The pound advanced on Tuesday as the dollar dropped and fresh figures showed British factories increased output unexpectedly last month before an...

Trade war worries, tech weakness weigh on European stocks
Trade war worries, tech weakness weigh on European stocks

European shares fell on Tuesday as traders remained cautious in the beginning of the second quarter amid rising trade tensions and extended...

April 2, 2018
Gold extends rise amid U.S.-China trade tensions
Gold extends rise amid U.S.-China trade tensions

Gold futures gained on Monday as the dollar and global stocks fluctuated, with the precious metal set to rise for a third quarter in a row. 

Goldman Sachs downgrades forecast for Japan's stock market
Goldman Sachs downgrades forecast for Japan's stock market

Goldman Sachs Group Inc. cut forecasts for the Japanese stock market, which has been declining since the beginning of 2018 amid strong yen,...

March 29, 2018
Pound sinks, though on track for best quarter since 2015
Pound sinks, though on track for best quarter since 2015

The pound dipped on Thursday as fresh economic figures failed to inspire investors, but the currency remains on tracks for its best quarter versus...

European shares rise supported by gains for car makers
European shares rise supported by gains for car makers

A rebound in cyclical shares and a flurry of M&A news underpinned European stocks on Thursday, offsetting a recent broad sell-off in technical...

March 28, 2018
Pound climbs as Britain prepares new solution on Irish border
Pound climbs as Britain prepares new solution on Irish border

The pound advanced modestly versus the dollar and euro on Wednesday, supported by news that the UK is seeking a new solution for the Irish border...

European stocks drop amid tech-driven selloff
European stocks drop amid tech-driven selloff

Tech sector pushed European shares lower on Wednesday on growing worries over a regulatory crackdown and broadly selloff in major tech stocks...

March 27, 2018
Bonuses for Wall Street workers jump by 17%
Bonuses for Wall Street workers jump by 17%

The average bonus payout on Wall Street climbed to $184,220 last year, a 17 percent increase, which is the highest level over the past four years.

Euro drops as worries over low inflation revive
Euro drops as worries over low inflation revive

The euro slipped on Tuesday, as worries over low inflation and a slowdown in companies lending caused questions about the state of the euro...

European stocks surge amid optimism over global trade relations
European stocks surge amid optimism over global trade relations

European stocks rose on Tuesday on clear signs of a de-escalation of tensions in trade relations between Washington and Beijing, while French...

March 26, 2018
Euro grows as investors ready for risk again
Euro grows as investors ready for risk again

The euro surged higher than the $1.24 mark to the intra-day maximums and high-yielding currencies, with the Australian dollar amongst them,...

March 23, 2018
European stocks edge lower amid rising trade fears and geopolitical risks
European stocks edge lower amid rising trade fears and geopolitical risks

European stocks slipped on Friday with autos and basic leading the decline amid growing concerns that U.S. tariffs on imports from China could...

Pound on course for largest weekly surge in six weeks; risks hide
Pound on course for largest weekly surge in six weeks; risks hide

The pound was steady on Friday, set for its largest weekly surge in six weeks, as traders assessed the forecast for the currency amid concerns...

March 22, 2018
Goldman Sachs loses its place among top commodity banks
Goldman Sachs loses its place among top commodity banks

Goldman Sachs Group Inc. has lost its place among the top three commodities traders for the first time in many years, according to data from...

Pound touches 7-week top as retail sales leap
Pound touches 7-week top as retail sales leap

The pound hit to a seven-week peak on Thursday as retail sales soared above forecasts and investors focused on a Bank of England meeting at which...

European stocks dip to two-week low as U.S. tariffs weigh
European stocks dip to two-week low as U.S. tariffs weigh

Worries over global trade sent European stocks sliding to a two-week trough on Thursday as the U.S. are going to announce tough tariffs on...

March 21, 2018
European stocks slip before U.S. Fed meeting
European stocks slip before U.S. Fed meeting

European stocks dipped on Wednesday, with traders remained cautious ahead of widely anticipated Fed policy decision for March. 

Pound leaps on solid employment data; BOE in focus
Pound leaps on solid employment data; BOE in focus

The pound scaled the day’s peak after fresh figures on Wednesday showed that earnings increased at the fastest pace in more than two years...

March 20, 2018
Pound's rally loses steam as inflation falls below 3% level
Pound's rally loses steam as inflation falls below 3% level

Sterling reversed some of its early gains on Tuesday after fresh figures showed UK inflation dropped more than expected in February. Traders also...

European shares hit by tech-led selloff
European shares hit by tech-led selloff

European shares edged down on Tuesday as tech stocks led the decline amid deepened concerns over proposed tax on digital revenue of tech...

Euro steady as ECB considers interest rates hike in 2019
Euro steady as ECB considers interest rates hike in 2019

The euro extended gains on Tuesday on renewed bets for the European Central Bank to normalize its monetary policy this year and to increase...

March 19, 2018
Gold steady ahead of Fed policy meeting
Gold steady ahead of Fed policy meeting

Gold prices were firm on Monday, after last week’s decline, as dollar index fell and major U.S. stock indexes slid in early trade. 

Pound surges on progress in Brexit talks
Pound surges on progress in Brexit talks

The pound rose on Monday after the UK and the European Union confirmed they had agreed in principle to the transition deal and said they would...

FTSE 100 extends losses as central banks are expected to tighten policy
FTSE 100 extends losses as central banks are expected to tighten policy

UK blue-chip stocks dipped on Monday, continiung the previous week’s decline on anticipations that the Bank of England and the U.S. Federal...

European stocks edge lower, Micro Focus tumbles
European stocks edge lower, Micro Focus tumbles

European stocks dropped in morning deals on Monday as corporate results and M&A took centre stage with Micro Focus International Plc sliding...

March 16, 2018
Pound inches up versus sliding dollar
Pound inches up versus sliding dollar

The pound moved higher versus a weaker dollar on Friday and is set for its largest weekly surge in a month as traders became more optimistic about...

European equities rise slightly though STOXX on track for weekly decline
European equities rise slightly though STOXX on track for weekly decline

European stocks advanced on Friday as NEX Group soared after news on a potential acquisition by CME Group, though stocks were on course for the...

March 15, 2018
European stocks gain on positive earnings
European stocks gain on positive earnings

European stocks advanced on Thursday, supported by soild corporate results from insurance ginats Munich Re and Generali, while Societe Generale...

March 14, 2018
Pound jumps to 3-week peak on broadly weaker dollar
Pound jumps to 3-week peak on broadly weaker dollar

Pound touched a three-week peak on Wednesday, supported by the dollar’s broad weakness, as the unexpected dismissal of U.S. Secretary of...

European shares rise modestly on corporate updates
European shares rise modestly on corporate updates

European shares advanced on Wednesday due to solid corporate results from Adidas and rising mining stocks. 

March 13, 2018
European stocks creep up ahead of U.S. consumer price inflation report
European stocks creep up ahead of U.S. consumer price inflation report

European stocks climbed on Tuesday in thin trading as traders turned their attention to U.S. consumer price data due later in the day. 


Financial markets - unlimited opportunities for capital increase

Finance is a system of arrangements which has arisen in the course of the exchange of economic goods, where money was the main asset. The financial sector is focused on bank lending and the securities market. Modern financial market gives to potential investor a large opportunity to invest by purchasing shares, bonds, certificates of deposit, futures contracts and other assets.

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Traders always pay special attention to the finance, that is why it is very important always be aware of all events, which are related to the sector in one way or another. As a participant in the foreign exchange market trader should first sharpen his attention to the events which are connected with his favourable financial instrument.
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