Financial news: banks, currency



Pound touches six-day peak on BoE hawkish tone

Pound touches six-day peak on BoE hawkish tone

Pound touches six-day peak on BoE hawkish tone Sterling climbed to a six-day top on Friday after a Bank of England recent decision triggered anticipations of a rate increase this year, though currency’s gains were capped by concerns of a stalemate in Brexit negotiations next week.


June 22, 2018
European stocks rebound, but on track for worst week since March
European stocks rebound, but on track for worst week since March

Firm financial stocks and impressive euro area economic figures triggered a bounce in European equities at the end of an anxious week characterized...

June 21, 2018
Pound climbs as BoE leaves rates steady in split vote
Pound climbs as BoE leaves rates steady in split vote

Sterling gained versus its major counterparts on Thursday after the Bank of England held interest rates unchanged but boosted anticipations that it...

Xiaomi starts taking orders for world's biggest IPO in almost two years
Xiaomi starts taking orders for world's biggest IPO in almost two years

China-based smartphone maker Xiaomi has begun to take institutional investors’ orders for its initial public offering (IPO) in Hong Kong,...

European stocks dip on profit warning from Daimler
European stocks dip on profit warning from Daimler

Autos stocks dragged down European shares on Thursday, after the Mercedes-Benz maker Daimler issued an unexpected profit warning due to the...

June 20, 2018
European stocks bounce off three-week low
European stocks bounce off three-week low

European stocks rose slightly on Wednesday but the moderate recovery failed to offset the previous session’s declines as traders’...

June 19, 2018
Pound extends decline on trade, Brexit worries
Pound extends decline on trade, Brexit worries

The pound dropped to a lowest level for 2018 on Tuesday, as global trade turmoil hit risk sentiment.

European stocks sink on tariffs threats
European stocks sink on tariffs threats

A deepened protectionist trade dispute between the U.S. and China - two biggest world's economies - boosted a selling in European markets on...

June 18, 2018
Pound drops, investors cautious ahead of BoE meeting
Pound drops, investors cautious ahead of BoE meeting

Sterling slipped on Monday as the greenback firmed, with investors cautious to purchase currency before a central bank policy meeting due later...

European stocks dip on escalation of trade war
European stocks dip on escalation of trade war

European stocks slid in morning deals on Monday as concerns over a trade war between the two largest world economies kept traders cautious.

June 15, 2018
Pound wobbles at almost seven-month trough as dollar rises
Pound wobbles at almost seven-month trough as dollar rises

Sterling firmed on Friday above its weakest level since November, after impressive U.S. retail sales and a more hawkish Federal Reserve tone...

Cautious ECB pushes European stocks higher
Cautious ECB pushes European stocks higher

European stocks were on track for their best performance for the week in more than three months on Friday, after recent European Central Bank...

Euro shows big reaction to ECB meeting, heading for worst week in 19 months
Euro shows big reaction to ECB meeting, heading for worst week in 19 months

The euro was on course for its worst weekly decline in 19 months following cautious European Central Bank's approach to roll back its...

June 14, 2018
European shares slide ahead of ECB decision
European shares slide ahead of ECB decision

European stocks retreated on Thursday, as mining shares were hit by worries over China’s economic state, and as investors awaited the...

Pound touches five-day peak, UK retail sales above expectations
Pound touches five-day peak, UK retail sales above expectations

The pound gained to a five-day top on Thursday after Britain’s retail sales leaped for a second straight month in May and far overpassed...

June 13, 2018
Pound dips to one-week trough on weak inflation
Pound dips to one-week trough on weak inflation

The pound slumped to a one-week nadir on Wednesday as fresh inflation figures failed to inspire investors that the Bank of England would increase...

European stocks wobble ahead of Fed's decision
European stocks wobble ahead of Fed's decision

European stocks indexes struggled for direction in early trading on Wednesday as traders waited for further signals from the U.S. Federal Reserve...

June 12, 2018
Pound surges despite sluggish labour data
Pound surges despite sluggish labour data

Sterling inched up on Tuesday as investors shrugged off poor fresh wage growth figures and turned their attention to the start of an important...

European shares edge lower after unprecedented Trump-Kim meeting
European shares edge lower after unprecedented Trump-Kim meeting

European shares reversed early gains on Tuesday, with traders digesting results of symbolic deal on denuclearization of the Korean peninsula...

June 11, 2018
South Korean Coinrail falls prey to a hack, Bitcoin plummets
South Korean Coinrail falls prey to a hack, Bitcoin plummets

Coinrail, virtual currency exchange based in South Korea, reported that a hack against it was carried out in the weekend, causing bitcoin to plunge...

Gold edge lower before North Korea historic summit
Gold edge lower before North Korea historic summit

Gold futures edged down on Monday as a cautious sentiment took over ahead of the meeting between U.S. and North Korean leaders and two major...

Pound drops amid biggest monthly fall in output since 2012
Pound drops amid biggest monthly fall in output since 2012

Skype The pound fell versus its major counterparts on Monday after Britain's manufacturing production showed its largest monthly slump since...

Italian stocks soar on minister's euro support
Italian stocks soar on minister's euro support

European banking stocks and Italian shares soared on Monday after the new Italian economy minister Giovanni Tria said the country has no intention...

Euro surges ahead of ECB meeting
Euro surges ahead of ECB meeting

The euro inched up on Monday as investors awaited the European Central Bank’s policy meeting on Thursday for when and how it would end asset...

June 8, 2018
Stocks slid globally on messages from central banks and unsettled international trade
Stocks slid globally on messages from central banks and unsettled international trade

Global stocks fell today as the upcoming G7 summit is expected to be largely focused on trade disputes and as risk sentiment is burdened by return...

June 7, 2018
Alphabet falls as the EU decides to impose an immense fine
Alphabet falls as the EU decides to impose an immense fine

Alphabet shares slumped yesterday on the back of the news that the EU is going to inflict a fine on the company for abuse of dominance linked to...

Pound at two-week peak on broadly weaker dollar
Pound at two-week peak on broadly weaker dollar

The pound advanced to more than two-week top on Thursday, buoyed by broadly dollar weakness due to an extending rally in the European single...

Banking sector support European stocks
Banking sector support European stocks

European stocks joined an overnight rally in the U.S. and in Asia on Thursday, with the banking sector among the best performers amid anticipations...

Euro rebounds as ECB hints at ending its bond-buying program
Euro rebounds as ECB hints at ending its bond-buying program

The euro traded near two-week peak versus its major counterparts on Thursday after two ECB policymakers said the central bank may announce at...

June 6, 2018
ECB is predicted to raise rates next time in July 2019
ECB is predicted to raise rates next time in July 2019

Investors estimate at 90% probability the ECB’s next interest rate hike in July next year, after today’s hardline comments of the...

Italy sees continued upping in borrowing costs
Italy sees continued upping in borrowing costs

Cost of borrowing in Italy continued to go up today, as the new government shows no intention of easing plans for hefty spending in the third...

European shares fluctuate as commodities, tech stocks inch up
European shares fluctuate as commodities, tech stocks inch up

European shares moved higher on Wednesday, supported by rise in tech and commodity-related stocks, although investors remained anxious over Italian...

Euro steady; loonie, Mexican peso under pressure
Euro steady; loonie, Mexican peso under pressure

The euro was stable on Wednesday as traders awaited the European Central Bank’s policy meeting next week, while worries that the United...

June 5, 2018
European shares wobble, ignoring trade tariff tensions
European shares wobble, ignoring trade tariff tensions

A two-day rebound in European stocks lost momentum on Tuesday as the deepened tensions in U.S.-China trade negotiations and political turmoil in...

Societe Generale to pay $1.3 billion to resolve charges with U.S.
Societe Generale to pay $1.3 billion to resolve charges with U.S.

Societe Generale SA has reached an agreement in principle with U.S. and French authorities to pay about $1.3 billion to resolve a probe into the...

June 4, 2018
European shares edge higher as political risks ease
European shares edge higher as political risks ease

European stocks continued to rise on Monday supported by bank sector as dealmaking came to the forefront after a week of political turmoil in Italy...

June 1, 2018
Gold on course for weakest performance in over a week
Gold on course for weakest performance in over a week

Gold slumped on Friday, pushing prices for their lowest level in more than a week as strong U.S. jobs data for the month supported the dollar.

Pound wobbles near six-month trough as solid UK data fails to encourage
Pound wobbles near six-month trough as solid UK data fails to encourage

The pound fluctuated not far from a six-month nadir on Friday shrugging off fresh figures showing UK manufacturing growth quickened in May for the...

May 31, 2018
European stocks inch up, U.S. tariffs in focus
European stocks inch up, U.S. tariffs in focus

European stocks inched up on Thursday, as traders awaited any signs of new political developments in Italy and trade war worries affected German...

Pound surges on broadly weak dollar
Pound surges on broadly weak dollar

The pound soared above $1.33 on Thursday as the dollar dropped across the world, with investors awaited business surveys due in coming days.

Euro extends rebound as Italy instability fade
Euro extends rebound as Italy instability fade

The euro continued to climb on Thursday as traders waited for any fresh political developments out of Italy, wondering whether a political crisis...

May 30, 2018
Pound climbs from six-month lows though markets remain wary
Pound climbs from six-month lows though markets remain wary

The pound surged on Wednesday from the previous session’s six-month trough, as major currencies firmed after Italy’s political crisis...

Goldman Sachs revises euro-dollar forecast down because of Italy’s political crisis
Goldman Sachs revises euro-dollar forecast down because of Italy’s political crisis

Goldman Sachs reported today it had reduced its 3, 6 and 12-month prediction for euro-dollar based on political crisis in Italy. 


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