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Sterling Set for Biggest One-Day Rally Since January

The British pound strengthened on Friday after the UK's economy was shown to have grown more than expected in January. The sterling was up 1.2% against the U.S. dollar at $1.2068; the biggest single-day jump since January 6. The euro was down 0.5% against...

Sterling Strengthens Against Dollar and Euro as Global Rate Takes Center Stage

The sterling gained ground against both the U.S dollar and the euro on Thursday as investors' focus remained firmly on the global economy and its effects on the U.S. Federal Reserve's upcoming interest rates decisions. At midday, the British pound was up 0.42% against the...

Dollar Heads for Largest Weekly Loss Since January as Bitcoin Falls

The dollar retreated from its two-and-a-half-month high against the Japanese yen on Friday, putting it on track for its largest weekly loss since mid-January. The dollar index, which measures the greenback against a basket of major world currencies, 0.3% to 104.60, having previously hit...

Sterling Rises Amid Increasing British Business Activity

The sterling strengthened on Tuesday following the release of Britain's preliminary "flash" Purchasing Managers' Index. This data indicated a rise in British business activity, thereby indicating that the United Kingdom may be avoiding the effects of an impending deep recession. Jumping from a score of...

Dollar Retreats From Six-Week Peak as Investors Await Fed’s Next Move

The U.S. dollar edged lower on Monday but remained close to the six-week high recorded by the greenback on Friday. The U.S. Dollar index, which measures the dollar against a basket of major currencies, retreated by 0.14% to 103.83. Despite the drop, the index...

Dollar Hits Six-Week Peak ss Expectations Grow for Interest Rate Rise

The U.S. dollar hit a six-week high on Friday morning amid strong economic data and comments from Federal Reserve officials that suggested that further interest rate hikes would be coming. St Louis Fed President James Bullard stated on Thursday that he would support further rate...