Analysis: Currencies

Britain cancels extra border checks for animals ahead of UK-EU deal

LONDON -Britain is suspending the previously planned introduction of extra border checks on live animal imports from the European Union to ease trade ahead of the implementation of a deal agreed in...

Norway wealth fund excludes six Israeli companies linked to West Bank, Gaza

OSLO/COPENHAGEN -Norway's sovereign wealth fund, the world's largest, will exclude another six Israeli companies with connections to the West Bank and Gaza from its portfolio following an ethics...

Sterling treads water as markets await Ukraine talks, UK CPI

Sterling treaded water against the dollar on Monday as investors focused on a pending meeting between U.S. President Donald Trump and leaders from Ukraine and Europe as well as UK consumer inflation...

Sterling climbs versus dollar, on track for weekly rise

Sterling rose against a weakening dollar on Friday and was set to end the week higher after upbeat economic data and a hawkish rate cut by the Bank of England. Sterling, which has...

Trading Day: Is the only Fed doubt now a 25 or 50 bps cut?

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Stocks rose around the world on...

Russia's GDP growth slows to 1.1% in Q2, says Rosstat

Russia's gross domestic product grew by 1.1% in the second quarter of 2025 compared with 4.0% growth in the same period last year, federal statistics service Rosstat said on Wednesday, another sign...

Sterling edges up to highest level since July on rate outlook

LONDON -The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones,...

Dubai developers bring construction in-house as demand surges

DUBAI -In a city famed for transforming desert into skyline, developers are taking the building process into their own hands as they seek to turbo-charge a property boom and maximise cash flow. ...

Pound strengthens after British jobs data

LONDON -The pound strengthened against the euro for the fourth session in a row on Tuesday after British labour market data which analysts said would not affect the Bank of England's cautious stance...

Currencies: In summer, do what you like

Despite a few hiccups here and there, the summer has not yet caused any major shockwaves capable of shaking the current momentum. The game is therefore to monitor key inflection points on the various...

Trump moves to extend grip on Fed

A look at the day ahead in European and global markets from Rae Wee With U.S. President Donald Trump's nomination to fill a newly vacant seat at the Federal Reserve now out of the way,...

Dollar heads for weekly loss on dovish Fed expectations

The dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S....

Wall Street mixed as oil prices decline for 6th session

NEW YORK/LONDON -Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a...

Brazil's iFood app announces $3.1 billion in investments

SAO PAULO -Brazilian food delivery app iFood, owned by Dutch investment group Prosus, announced on Tuesday direct investments of 17 billion reais in the country between April 2025 and March 2026. ...

Sterling firms against dollar as markets look to BoE rate guidance

Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week's policy meeting. The BoE...

Euro zone business growth inched up in July but remained subdued, PMI shows

LONDON -Business activity in the euro zone grew at a slightly faster pace in July than in June but remained sluggish as demand dipped, a survey showed on Tuesday. The HCOB Eurozone...

Russian services sector contracts at fastest rate since June 2024, PMI shows

Russia's services sector contracted at its fastest pace since June 2024 in July, a business survey showed on Tuesday, as new orders declined in a subdued sales environment. The S&P...

Buy the dip, we can worry about jobs later

A look at the day ahead in European and global markets from Wayne Cole. It's been a case of buy the dip so far on Monday as U.S. and European stock futures edge up, along with the...

Russian rouble expected to weaken by 20% in next 12 months, poll shows

MOSCOW -The Russian rouble is expected to weaken to 100 against the U.S. dollar in the next 12 months, a 20% decline from its current level, according to a Reuters poll of 14 analysts on Friday, with...