Foreign Exchange News Results

  • Brexit Isn't Stopping U.K. Borrowers From Finding Cheap Money in Europe

    Weeks after the U.K. split from the European Union, British companies are continuing to benefit from the continent's cheaper borrowing costs. The least risky U.K. corporate borrowers are raising funds by selling bonds through subsidiaries in Europe. The European Central Bank is scooping up many of those bonds as part of its 1.85 trillion euro, equivalent to $2.2 trillion, monetary stimulus program, geared toward bolstering credit markets in the single-currency zone.

  • British Pound Reaches Strongest Level in Nearly Three Years

    The British pound got slammed in recent years by the twin storms of Brexit fears and a particularly bad Covid-19 crisis. But with a trade deal in pocket and a world-leading vaccine program, investors say the upside forces for the currency are now just as strong. The U.K. currency rose to its highest level against the dollar in nearly three years Friday as sterling crossed$ 1.40, its first time hitting that mark since April 2018..

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