08312016Wed
Last update: Wed, 31 Aug 2016 03am

Europe

Markets - FXMM - Europe

Sterling firm near 3-week highs helped by robust data LONDON: Sterling hovered near a three-week high against the dollar on Friday, supported by solid growth and business investment data that helped offset worries over the impact of Britain's shock vote to leave the European Union.The pound was on track for its best weekly performance in six weeks against the single currency, having hit a two-week high on Wednesday.Short bets against sterling hit a record high in the week to Aug. 16, and traders said many speculators had been unwinding those positions and booking profits, which helped lift the currency.Data released on Friday showed gross domestic product rose by 0.6 percent in the second quarter and was up by 2.2 percent compared with the same period last year, in line with preliminary readings and forecasts. Business investment unexpectedly rose between April and June - a period which mostly covered the run-up to the vote on June 23 - compared with ...

Markets - FXMM - Europe

Sterling edges down from three-week high, GDP data eyed LONDON: Sterling edged down from a three-week high against the dollar on Thursday but traded just above $1.32, with worries over the economic impact of Britain's vote to leave the European Union having eased a touch after better-than-expected data.Though it was down half a percent on the day against the euro, the pound was on track for its best weekly performance in six weeks against the single currency, having hit a two-week high on Wednesday.Short ...

Markets - FXMM - Europe

Dollar rangebound as investors await Yellen's Jackson Hole speech LONDON: The dollar was steady on Thursday as investors stayed on the sidelines before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen may offer new pointers on U.S. monetary policy.Recent hawkish statements by Fed officials including Vice Chairman Stanley Fischer and New York Fed President William Dudley have prompted some investors to raise bets that U.S. interest rates will rise sooner rather than later, and some believe ...

Markets - FXMM - Europe

Sterling near 3-week high as fears over impact of Brexit ease LONDON: Sterling traded close to a three-week high against the dollar on Thursday and was on track for its best week in six, with worries over the economic impact of Britain's vote to leave the European Union easing a little after recent better-than-expected data.The pound was also on track for its best week in six weeks against the euro, having hit a two-week high against the single currency on Wednesday.Short positions on sterling had reached ...

Markets - FXMM - Europe

Dollar slips as investors await Yellen's Jackson Hole speech LONDON: The dollar eased on Thursday as some investors sold the currency before the annual global central bankers' gathering in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen may offer new pointers on U.S. monetary policy.Recent hawkish statements by Fed officials including Vice Chairman Stanley Fischer and New York Fed President William Dudley have prompted some investors to raise bets that U.S. interest rates will rise sooner rather than later, and some believe Yellen ...

Markets - FXMM - Europe

Dollar treads water as traders focus on Yellen speech LONDON: The dollar crept up on Wednesday after falling the previous day, but was unable to break out of its recent trading ranges, as investors focused on a gathering of central bankers for clues on when the U.S. Federal Reserve will hike interest rates again.Analysts said data on Tuesday that showed new U.S. single-family home sales unexpectedly rose in July, reaching their highest level in nearly nine years, had helped the dollar marginally.The main focus ...

Markets - FXMM - Europe

Sterling hits three-week highs, boosted by upbeat data LONDON: Sterling extended gains above $1.32 to hit a three-week high on Wednesday, as speculators further cut bets against the currency after recent data indicated that the economy was holding up surprisingly well after the Brexit vote.Short positions on sterling had reached a record high of 94,238 contracts in the week to Aug. 16 and traders said many speculators were now unwinding bets and booking profits.Sterling rose 0.7 percent against the euro to 85.13 pence ...