Foreign Exchange News Results

  • Why a strong dollar could be a warning sign in this market

    Normally' something gives' when the greenback gets this strong. With so many conflicting signals about markets, the economy in the U.S. and abroad, the impact of the China-U.S. trade war, and more, what's an investor to think? Through all the noise, there's one measure that bears watching.

  • British pound steady ahead of vote on Brexit deal called 'too close to call'

    Brexit may be delayed again if vote fails to pass. The British pound was nearly steady Friday ahead of Parliament's knife-edge's vote on the Brexit deal agreed by U.K. Prime Minister Boris Johnson and the European Union.

  • Pound pares losses after BOE's deputy governor sees rate hikes possible

    The British pound was lower Friday, but losses were contained after interest-rate supportive comments from Bank of England Deputy Governor Dave Ramsden. In an interview with Bloomberg that published Friday, Ramsden said if Prime Minister Boris Johnson's Brexit deal is approved by Parliament on Saturday, the central bank's guidance that says a clean exit from the EU means "limited and gradual" interest-rate hikes would apply. The pound surged Thursday on news that the EU and U.K....

  • Here's how high the pound could go as U.K. and EU strike Brexit deal

    The pound continued its upward surge on Thursday after a Brexit deal was agreed between the U.K. and the EU, but the currency could soar even higher. Sterling rose towards $1.29 after British Prime Minister Boris Johnson revealed a deal had been struck, which has since been confirmed by European Commission President Jean-Claude Juncker. Analysts said the pound could soar above $1.30 and even to $1.35 if the deal is approved by the U.K.

  • *U.S. dollar off 0.1% at 108.68 Japanese yen

    (END) Dow Jones Newswires 10-17-19 0832 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Pound volatile as Brexit deal hangs in the balance

    FTSE 100 drops; ASOS soars on results. The pound was on a rollercoaster ride Wednesday, while U.K. stocks fell as investors rode a wave of headlines updating on the Brexit-deal front. FTSE 100 was down 0.3% to 7,184.21, while the British pound struggled as the possibly of the U.K. reaching an exit-deal with the bloc ahead of the start of a two-day EU summit that begins Thursday hung in the balance.

  • British pound volatile after report says major Brexit-deal obstacle removed

    The British pound was sent on a rollercoaster ride Wednesday, spiking briefly against the U.S. dollar on a report that a big obstacle to a Brexit deal has been removed. The pound briefly jumped to a session high of $1.2839, which would make for its best level since June, after RTE reported that Northern Ireland's Democratic Unionist Party was accepting the so-called consent element of the revised Brexit agreement, seen as the last big obstacle to a deal. The U.K. has said it's open to...

  • *U.S. dollar down 0.1% at 108.69 Japanese yen

    (END) Dow Jones Newswires 10-16-19 0835 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • British pound surges 2% after leaders say there could be Brexit 'pathway'

    The British pound rallied on Thursday after the leaders of the U.K. and Ireland said there could be a pathway to an orderly exit of Britain from the European Union. British Prime Minister Boris Johnson and Irish leader Leo Varadkar provided a status update on the issue after a private lunch meeting in northwest England. "Both continue to believe that a deal is in everybody's interest," they said in a joint statement.

  • What a Trump vs. Warren 2020 showdown would mean for the U.S. dollar

    Efforts to weaken the U.S. dollar after 2020 likely to be more effective: Deutsche Bank's Ruskin. A potential 2020 election showdown between President Donald Trump and Democratic candidate Elizabeth Warren would undoubtedly be touted as a clash of ideological extremes, but when it comes to economic policy, there is one area where there's little daylight between the candidates. A shift "from a Trump to a Warren presidency would not be nearly as dramatic as it relates to USD policy...

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