Analysis: Currencies

Russia's inflation reaches 9.5% this year, weekly data shows

Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat...

Sterling struggles to regain steam against dollar

Sterling looked lacklustre against the dollar on Monday as a survey reported a decline in domestic UK business confidence and traders digested a recent Federal Reserve-induced rally in the greenback. ...

Russia calls gas sales to Europe 'complicated' as deal with Ukraine nears expiry

MOSCOW -Russia said on Monday that the situation with European countries that buy its gas through a transit deal via Ukraine is very complicated and needs more attention, after talks between...

Leader of Russian-backed breakaway region Abkhazia warns of 'humanitarian catastrophe' amid energy shortages

The leader of Abkhazia, a breakaway Georgian region backed by Russia, warned on Saturday that the republic was facing a humanitarian catastrophe due to a critical shortage of electricity. ...

Russia's UK embassy denounces G7 loans to Ukraine as 'fraudulent scheme'

The Russian embassy in London on Saturday described Britain's planned transfer to Ukraine of more than 2 billion pounds backed by frozen Russian assets as a fraudulent scheme. Britain...

Sterling set to end week in red against dollar as outlooks diverge

Sterling held up against the dollar on Friday but was set to end the week lower after coming under pressure from divided Bank of England policymakers' views and a U.S. Federal Reserve that is now more...

EU ready to strengthen ties with US, focus on energy sector

The EU is ready to discuss further strengthening economic ties with U.S. President-elect Trump, including common interests in the energy sector, an EU spokesperson said on Friday, adding the EU was...

UK watchdog plans to simplify investment information, in shift from EU

Britain plans to simplify often complex and unclear documentation handed to investors to boost confidence and drive investments, in what one lawyer called the biggest shift to date from European Union...

Bank of England keeps rates steady, policy split widens

The Bank of England kept its main interest rate unchanged at 4.75% on Thursday but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy. Three...

German exports to UK surge amid gold rally, leaving U.S. behind

German exports to Britain are growing faster than to any other country among the Group of Twenty nations due to an ongoing gold rally, according to preliminary data from the German statistics office...

BOJ keeps rates steady by 8-1 vote, board member Tamura dissents

The Bank of Japan kept interest rates steady on Thursday, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2%...

Dollar charges ahead on hawkish Fed outlook, yen awaits BOJ

The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid to a one-month low ahead of a policy decision by the Bank...

BOJ meets for final rate review this year as Trump risk clouds outlook

Bank of Japan policymakers will debate whether conditions are falling in place to raise interest rates at their final meeting this year, a decision complicated by slowing global growth and uncertainty...

Poland adds media, telecommunication firms to strategic companies list

Poland decided to add several media and telecommunication firms to its list of strategic companies, which means their takeover will not be possible without government consent, Prime Minister Donald...

Russian households' inflation expectations rise to 13.9% in December

Inflationary expectations among Russian households for the year ahead rose to 13.9% in December, up from 13.4% in November, the central bank said on Wednesday. ...

Sterling drops before Fed policy meeting, after UK inflation data

Sterling fell versus the dollar before the Federal Reserve's policy meeting later on Wednesday, which could suggest a less aggressive monetary easing path in the U.S., while British inflation figures...

UK's Starmer confirms plan to boost defence spending to 2.5% of GDP

British Prime Minister Keir Starmer reiterated on Wednesday his Labour government's plan to increase defence spending to 2.5% of gross domestic product , after NATO called on members to boost spending...

Dollar steady against peers as Fed rate cut looms 

The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other...

Morning bid: Investors look past politics to central bank moves

A look at the day ahead in European and global markets from Ankur Banerjee Political upheaval is jolting governments from South Korea to Germany to Canada, but for now investors are...