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173,023

Sterling

Dollar gains across the board as Powell sticks to script

Dollar gains across the board as Powell sticks to script

  • The Swiss franc fell to a seven-month low of 0.93110 francs per dollar and was flat at 0.92765.
  • We didn't get it and the dollar is pushing higher across the board on expectations of further increases in US yields.
Published 05 Mar, 2021 05:23pm
Sterling steadies
Markets

Sterling steadies

LONDON: Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an...
Published 04 Mar, 2021 04:58am
UK regulator censures Premier FX for 'seriously misleading' customers
Markets

UK regulator censures Premier FX for 'seriously misleading' customers

  • The Financial Conduct Authority (FCA) said it would have imposed a substantial fine on the company if it had not already been in liquidation or owed its 136 creditors - most of which are consumers - roughly 9.2 million pounds ($13 million).
  • We may never understand Peter Rexstrew's motivation for operating Premier FX in this way, using new customers' funds to pay existing customers or business expenses.
Published 25 Feb, 2021 07:03pm
Sterling rises above $1.40; long positions at one-year high
Markets

Sterling rises above $1.40; long positions at one-year high

  • Sterling reached its highest levels since April 2018 when it crossed $1.40 on Friday. It has risen 2.6% against the dollar in 2021 and its rapid gains have led to talk of a possible correction.
  • Some 17.6 million people, over a quarter of the 67 million population, have now received a first dose of a COVID-19 vaccine.
Published 22 Feb, 2021 05:47pm
Sterling rises above $1.38, set for fifth consecutive week of gains
Markets

Sterling rises above $1.38, set for fifth consecutive week of gains

  • Britain's economy shrank 9.9% in 2020, which is the biggest annual decline in output in more than 300 years.
  • "While the market's still making fresh highs, we expect the retracements to be bought into," said Joe Tuckey, FX analyst at Argentex. "We saw a lot of tailwinds for sterling."
Published 12 Feb, 2021 09:25pm