another rumour?-BBC reporting that a plane loaded with €1m in cash is flying to Cyprus for army personnel in case banks don’t open tomorrow.
LONDON (Reuters) – Sterling fell against the dollar ahead of inflation data on Tuesday, with broad concerns about the British economy keeping the currency under pressure ahead of the annual budget on Wednesday.
The pound was down 0.1 percent on the day against the dollar at 1.5084, below a peak of $1.5177 (1.0064 pounds) reached on Friday.
LONDON (Reuters) – Sterling hit a five-week high against a struggling euro on Monday as a bailout plan for Cyprus that included a tax on bank deposits sparked fears of bank runs elsewhere in the euro zone.
The move, in which euro zone finance ministers demanded depositors in Cypriot banks pay up to 9.9 percent of their deposits in exchange for the bailout, was seen as setting a dangerous precedent for the shared-currency bloc.
LONDON (Reuters) – The dollar traded near seven-month highs against a basket of currencies on Thursday after robust data increased optimism the U.S. economy was on a recovery path and could withstand fiscal tightening.
Gains across the board helped push the dollar index .DXY up 0.1 percent on the day to 82.996, not far from Wednesday’s seven-month high of 83.055 hit after U.S. retail sales rose at their fastest clip in five months in February.
LONDON, March 13 (Reuters) – The euro fell against the
dollar and yen on Wednesday after Italian borrowing costs rose
at a bond auction and with investors looking for more gains in
the U.S. currency if retail sales there showed a strong reading.
U.S. retail sales data for February, due at 1230 GMT, is
forecast to show a 0.5 percent increase and is likely to give a
broad lift to the dollar as it would add to speculation that the
U.S. Federal Reserve may wind up its ultra loose monetary
stimulus later this year.
LONDON, March 12 (Reuters) – Sterling slipped to a fresh
2-1/2 year low against the dollar on Tuesday after dismal
British manufacturing data revived fears of another recession
and increased bets of more easing by the Bank of England.
UK manufacturing output unexpectedly fell in January, and at
its fastest pace since June last year, signalling a poor start
to the year for the British economy.