05042016Wed
Last update: Wed, 04 May 2016 06am

Europe

Markets - FXMM - Europe

Sterling stumbles after poll shows Brexit camp in lead LONDON: Sterling slipped to a two-week low against the euro on Tuesday after a poll showed the campaign for Britain to exit the European Union ahead of the rival "In" camp. The pound had already been trading weakly, knocked by a poor survey of manufacturing sector managers that underlined the economic risks from the June 23 referendum on EU membership.But it was hurt further after the publication of the ICM poll, which showed 45 percent of voters favoured a Brexit, against 44 percent who believe Britain should stay in the 28-member bloc. The poll was weighted to take into account the likelihood of respondents actually taking part in the ballot. Sterling fell by as much as 0.8 percent against the euro to 79.20 pence, its weakest since Feb 19, after the poll was published."Polls coming out are certainly going to have a short-term influence - no one would deny that," ...

Markets - FXMM - Europe

Yen hits 18-month high vs dollar as Japan seen in policy bind LONDON: The yen touched a fresh 18-month high against the greenback early on Monday after its biggest weekly gain in more than seven years, as traders bet that Tokyo policymakers have limited capacity to stem the yen's gains.The dollar touched a new low of 106.14 yen at the start of Asian trade and steadied only marginally by the start of a European session thinned out by a holiday in London.Finance Minister Taro Aso was quoted ...

Markets - FXMM - Europe

Dollar steadies after record slide vs yen LONDON: The dollar recovered slightly on Monday from its biggest weekly fall in more than seven years against the yen, while losing ground against a euro helped by solid set of manufacturing numbers from Germany.Worries over Japanese policymakers' inability to stem the yen's rise prodded the dollar to a new low of 106.14 yen in the first hours of Asian trade, before a recovery to 106.64, 0.2 percent down on the day.Finance Minister Taro Aso ...

Markets - FXMM - Europe

Zloty eases after PMI drops below forecasts BUDAPEST: The Polish zloty led a weakening of most Central European currencies on Monday after Poland and the Czech Republic released weaker than expected manufacturing figures.Analysts said the risk of a slowdown in economic activity and a rise in budget deficits was growing in the region, while inflation remains persistently low.The zloty eased 0.2 percent by 0819 GMT to 4.3816 against the euro.Poland's April manufacturing Purchasing Managers' Index (PMI) was 51, below analysts' forecast of ...

Markets - FXMM - Europe

Sterling resumes rally, climbs towards 12-week high LONDON: Sterling climbed versus the dollar on Thursday, returning towards 12-week highs against a US currency pegged back by expectations that the Federal Reserve is unlikely to raise interest rates any time soon. Gains in the pound were capped, though, after a YouGov poll for the Times showed opponents of Britain's European Union membership edging into the lead in the run-up to a June 23 referendum on the issue, despite an intervention on the "In" ...

Markets - FXMM - Europe

Russian rouble flat after oil-fuelled gains, Fed news awaited MOSCOW: The Russian rouble was flat against the dollar on Wednesday ahead of a U.S. Federal Reserve statement that will be scrutinised for clues about U.S. monetary policy after jumping late on Tuesday when the oil price hit a 2016 high.At 0730 GMT, the rouble was unchanged against the dollar at 65.19 and had slipped 0.2 percent to 73.86 versus the euro.The rouble strengthened against the dollar and the euro on Tuesday evening when the ...

Markets - FXMM - Europe

Sterling firm near 12-week high, awaits UK GDP reading LONDON: Sterling traded near a 12-week high against the dollar on Wednesday as expectations grew that Britain would vote to remain in the European Union.A preliminary report on first-quarter economic growth due at 0830 GMT could also move the pound. A Reuters poll predicted the report would show the economy grew 0.4 percent in the first quarter and 2 percent annually. Missing the forecast could cause the pound give up some of its recent gains."While ...