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Business articles

Currency markets in chaos, US dollar slides

Trade in the pound was mixed at the start of the week, with the UK’s relatively limited outbreak of the coronavirus allowing for a modest uptick in St

UK Budget and ECB rate decision set to spark ...

Sterling was modestly supported before the weekend by comments from the European Union’s chief Brexit negotiator. Michel Barnier said that despite the

Factory orders decline weighs on US dollar

With the Bank of England (BoE) appearing less likely to cut interest rates imminently, in spite of cuts from other central banks, the mood towards the

Central banks in the spotlight, BoE comments ...

Comments from incoming Bank of England (BoE) Governor Andrew Bailey helped to dampen speculation that an emergency interest rate cut could be on the h

US dollar falls as Fed shocks markets with an ...

The US dollar weakened on Tuesday in response to the Federal Reserve’s surprise announcement that it would be implementing an emergency rate cut to he

GBP/EUR plummets to four-month low

The pound fell off a cliff at the start of this week’s session after the Bank of England (BoE) suggested it would alter monetary policy in an effort t

Pound weakened by sharp increase in odds of ...

The pound fell sharply out of favour yesterday as markets absorbed the nature of the UK government’s negotiating objectives for the next round of disc