Sterling edges lower as BoE mulls sub-zero rates, PMI data
IHS Markit’s flash PMI data showed Britain’s economy flattened out a bit this month from its nosedive in April caused by the coronavirus lockdown, but remains in the grip...
Euro gains on EU common fund proposal; dollar slips
The euro inched up 0.18% to $1.0945, near a two-week peak of $1.09755 reached on Tuesday. Breaking that could open the way for a test of its May 1...
Dollar holds soft tone as vaccine hopes boost riskier assets
The euro held onto hefty gains against the Swiss franc and the dollar following a proposal by France and Germany for a 500 billion euro ($543 billion) recovery fund...
Egyptian pound slips to weakest in three months
The pound traded as low as 15.83 to the dollar, down from 15.72 at Monday’s opening, before strengthening again, Refinitiv data showed.
Alarm over the coronavirus...
Turkey bans three banks from lira transactions as currency hits record low
Thursday’s fall to near 7.27 pushed the lira beyond a previous record low during a 2018 currency crisis and extended five sessions of declines as Turkey sought to mitigate...
U.S. dollar, yen gain amid bleak global economic data
The yen rose to a seven-week high against the dollar and a 3-1/2-peak versus the euro. The dollar, meanwhile, advanced to its highest in more than a week against...
Sterling sinks after record UK retail sales drop
Official figures showed sales volumes fell by 5.1% in March, reflecting the hit from the coronavirus shutdown which closed many businesses in the second half of the month.
Dollar slips against commodity currencies as Brent surges
As Brent crude surged on signs producers were cutting production to address collapsing demand for fuel, the greenback fell 1% against the Russian rouble to 75.19.
U.S. crude-oil crash keeps dollar in demand
The dollar was flat against a basket of comparable currencies, =USD, still up around 0.5% on the week so far as investors sought safety amid market turmoil. The Japanese...
Sterling falls as COVID-19 death toll rises, no easing of lockdown in sight
Britain reported 596 deaths from COVID-19, the respiratory disease caused by the virus, in hospitals in its daily update on Sunday, raising the country’s total to more than 16,000.
