LONDON (Reuters) – Sterling rose to a one-month high versus the euro and a one-week peak against the dollar on Wednesday after data showed that UK industrial output growth outpaced expectations in September.
Output in the industrial sector – which makes up about one sixth of Britain’s economy – climbed 0.9 percent, bouncing from a fall in August and beating the Reuters’ forecast of 0.5 percent.
LONDON (Reuters) – Sterling rose to a one-month high against the euro on Tuesday after data showed the UK services sector expanding at its fastest pace in 16 years, pointing to solid economic growth in the final quarter this year.
The UK services purchasing managers’ index (PMI) rose to 62.5 in October from 60.3 in September, beating economists’ forecasts of 59.8 and increasing the chance that the Bank of England will revise up its quarterly growth forecasts next week.
LONDON (Reuters) – Sterling rose against the dollar and traded near a 2-1/2 week high versus the euro on Monday on strong UK construction activity data and expectations the European Central Bank might loosen policy.
A survey showed construction activity grew at its fastest rate in six years in October, adding to recent evidence that the UK economic recovery may be gaining momentum.
LONDON (Reuters) – Sterling rose against the dollar and the euro on Thursday ahead of growth figures for the third quarter due on Friday which could point to an economic recovery taking hold in Britain.
The pound also benefited from a dollar hit by the fading prospects of the U.S. Federal Reserve’s reducing its stimulus this year following weak U.S. jobs data released earlier this week.
LONDON (Reuters) – The dollar struggled near a nine-month low on Wednesday after weak payrolls data prompted investors to all but rule out a cut in U.S. monetary stimulus before next year.
The dollar fell to as low as 79.137 .DXY against its basket of currencies, nearing this year’s trough of 78.918 set in early February. It was last up 0.1 percent at 79.359.
LONDON (Reuters) – The dollar struggled near a nine month low versus a basket of currencies on Wednesday after U.S. jobs data prompted investors to all but rule out the chances of a cut in U.S. monetary stimulus before next year.
The greenback also touched a fresh two-year low versus the euro. This pushed the single currency to a two-year peak against a trade-weighted basket of currencies and strategists said if the ascent gathered pace they expected European policymakers to complain about the euro’s strength.
LONDON (Reuters) – Sterling dipped slightly against a broadly firmer dollar on Tuesday before U.S. payrolls data, with some investors betting that a stronger-than-expected reading could fuel talks on when the Federal Reserve will likely trim its stimulus.
The move lower in the pound was, however, limited as the currency has been supported by the recent string of solid British data and analysts said it could have further to go.
LONDON, Oct 21 (Reuters) – After months of volatility in
emerging market currencies and deep uncertainty over the outlook
for the dollar, bruised companies have stepped up hedging of
their foreign exchange exposure.
Providers of protection against big moves in currencies,
which can play havoc with budget plans and eat into corporate
profits, say business is up. But some say firms that have not
yet hedged against FX volatility may have missed the boat.
LONDON (Reuters) – Sterling traded near a two-week high against the dollar on Friday, supported by strong British data and as the greenback fell on worries about the economic impact of the U.S. government shutdown.
The pound was up 0.1 percent at $1.6189, having hit $1.6195 earlier – its highest level since October 3. It had risen 1.3 percent in the previous session which was its second-biggest daily gain in 2013.
LONDON (Reuters) – The dollar rose against the yen on Wednesday on renewed assurances from U.S. lawmakers that a deal to avert a U.S. default and reopen the partially-shut government was within reach.
Officials said an agreement to lift the government’s $16.7 trillion borrowing limit was near late on Tuesday after two separate legislative efforts in the House were buried by Republican rebellions, fraying market nerves.