Hints and tips:
...It surpassed the yen for the first time since January 2022 to become the fourth most-used global currency behind the pound sterling, euro and US dollar....
...Morningstar data show that the stocks flagged in the new report are included in 16 dollar- and sterling-denominated funds benchmarked against the three MSCI stock indices in question, representing a combined...
...Sterling climbed to its highest level against the dollar since April 2022 after strong UK gross domestic product and labour data this week boosted chances that the Bank of England would keep raising interest...
...It normally wouldn’t enjoy the higher inflation number for December, but its sterling returns are being saved by the strong run in the dollar since January. Action points, then?...
...The dollar index, which measures the greenback against six other currencies, fell 0.4 per cent, while the euro and sterling both rose 0.4 per cent against the dollar....
...Sterling briefly reached levels against the dollar not seen since before the UK government delivered a “mini” Budget last Friday as recent support measures helped bolster sentiment....
...Sterling faced renewed pressure in early trading on Wednesday after the Bank of England ruled out extending its £65bn bond-buying intervention into next week....
...“Otherwise we’ll start seeing more turbulence for sterling.”...
...Sterling slid as much as 4.7 per cent against the dollar to $1.035, hitting a record low in Asian trading on Monday after UK chancellor Kwasi Kwarteng vowed to pursue more tax cuts....
...Despite those gains, sterling remains close to its lowest levels since 1985....
...Against the euro, sterling was up 0.7 per cent at 86.2p....
...Silicon Valley outfit Cooley, Stroock & Stroock & Lavan, Goodwin Procter, Davis Wright Tremaine and Shearman & Sterling have all made job cuts....
Pension funds work to shore up their derivative strategies before Friday’s deadline
...Sterling gained as much as 0.9 per cent to $1.1273 on Monday, partially reversing a 1.4 per cent fall suffered on Friday as investors said the prime minister’s moves to sack chancellor Kwasi Kwarteng and...
...But he added that the end of the BoE’s gilt purchases meant that if Truss refused to resign, sterling would reverse its gains. Additional reporting by Josephine Cumbo...
...Elsewhere in markets, the pound sterling was off 0.4 per cent at $1.1192 as traders grappled with the ramifications of Prime Minister Liz Truss’s resignation on Thursday....
...The pound sterling hovered near its highest levels in a week after UK chancellor Kwasi Kwarteng left Washington early to take care of the UK’s economic crisis, while shares in Asia rose following a rally...
...Sterling was up 0.9 per cent in morning trading on Tuesday at $1.0776, just a day after an early morning fall sent the currency tumbling 4.7 per cent to a record low of $1.035 after UK chancellor Kwasi Kwarteng...
...Sterling was down 0.1 per cent at $1.132 on Friday, but up about 2 per cent for the week after Kwarteng left IMF talks a day early amid expectations in London and financial markets that he will announce...
...Here’s the FT’s Hudson Lockett. Hudson LockettThat was a classic double whammy....
...Sterling slipped 0.4 per cent to $1.17, touching its lowest level against the greenback since the early days of the coronavirus pandemic after Goldman Sachs cut its economic growth expectations for the UK...
...That put both sterling and gilts in traders’ crosshairs. Simultaneous sell-offs of currency and debt are normally the lot of crisis-ridden emerging economies....
...Hudson said the practical challenges confronting schemes were significant. “Many investment funds have dealing windows that might be open once a week or once a month....
...Sterling was up 0.8 per cent against the dollar in morning trading in Asia on Tuesday at $1.0773....
...Sterling was down 0.3 per cent to $1.1476 in recent trading....
International Edition