Chief Markets Correspondent, London
Jamie's Feed
Aug 22, 2014

Sterling holds steady after worst run versus dollar in 6 years

LONDON, Aug 22 (Reuters) – Sterling bulls licked their
wounds on Friday and fought back from a mauling that has seen
the currency suffer its longest losing streak against the dollar
in six years.

With investors having pushed expectations of a UK rate hike
back into next year, the British pound is well on track for its
seventh weekly loss against the greenback, a run not seen since
the financial crisis of August and September 2008.

Aug 20, 2014

Banks, funds agree on wider window for FX fix

WARSAW/LONDON (Reuters) – Banks and asset managers are ready to support an extension of the one-minute window used to set currency market benchmarks, documents showed on Wednesday, but most are concerned by the risks involved and divided on how much of an extension.

Responses from more than 30 asset managers, banks and industry associations published by global regulators on Wednesday included a wide range of opinions on the 15 proposals laid out by the Financial Stability Board last month.

Aug 20, 2014

Global stocks halt rally, BoE jolts UK markets

LONDON (Reuters) – World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.

Sterling jumped after the BoE minutes showed two of the nine policymakers unexpectedly voted to raise rates, while record-low money-market rates in the euro zone took the euro to its weakest against the dollar in almost a year.

Aug 20, 2014

Stocks halt rally, BoE jolts UK markets

LONDON (Reuters) – World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.

Sterling jumped after the BoE minutes showed two of the nine policymakers unexpectedly voted to raise rates, while record-low money-market rates in the euro zone took the euro to its weakest against the dollar in almost a year.

Aug 20, 2014

Analysis – ‘Good news’ shock could kill the five-year-old bull market

LONDON (Reuters) – If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market.

While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes to regional political conflicts from Ukraine to the Middle East, it’s the familiar “bad news is good news” trope that’s won out.

Aug 20, 2014

‘Good news’ shock could kill the five-year-old bull market

LONDON (Reuters) – If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market.

While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes to regional political conflicts from Ukraine to the Middle East, it’s the familiar “bad news is good news” trope that’s won out.

Aug 19, 2014
Aug 18, 2014
Aug 18, 2014
Aug 18, 2014