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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

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

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

Rising UK retail sales could spur pound gains

Fresh worries over the risk of the Brexit transition period ending without a trade agreement between the UK and EU dragged on the pound yesterday.

Pound rallies on unexpected UK manufacturing ...

February’s flash UK manufacturing PMI surprised investors by delivering a solid uptick from 50 to 51.9, avoiding the expected drop into contraction te

GBP refreshes 2020 high

Sterling reversed its losses on Tuesday after new UK Chancellor Rishi Sunak said he would unveil the annual budget on 11 March as previously planned.

Pound falters despite UK household optimism ...

An unexpectedly sharp bounce in the latest IHS Markit household finance index was not enough to prevent the pound from shedding ground yesterday.