The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has pared losses, after the U.K government revealed the largest tax Read more
Tag: Money/Currency Markets
British pound hits record low, then pares losses, as investors react to tax-cut plan
The British pound hit new lows of $1.0349 against the U.S. dollar in the early hours of Monday but has pared losses, after the U.K government revealed the largest tax Read more
U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After Read more
U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After Read more
Here’s what Italy’s elections will mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis — now Sunday’s general elections in Italy is poised to Read more
Fed will try to avoid ‘deep, deep pain’ for U.S. economy, Bostic says
The Federal Reserve is trying to engineer an economic slowdown to try to bring inflation under control, but will try to avoid a protracted recession, Atlanta Fed President Raphael Bostic Read more
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market Read more
“The UK is behaving a bit like an emerging market turning itself into a submerging market,” former U.S. Treasury Secretary says
“Between Brexit, how far the Bank of England got behind the curve and now these fiscal policies, I think Britain will be remembered for having pursued the worst macroeconomic policies Read more
Pound and euro slump as dollar index surges to highest since mid 2002
The British pound and the euro fell sharply against the dollar on Friday, as jittery investors continued to flock to the perceived safety of the greenback amid expectations for higher Read more
Yellen: Inflation will come down next year
Treasury Secretary Janet Yellen on Thursday said she believed high U.S. inflation would fall next year, but cautioned there are risks to this outlook. “I believe it’s going to come Read more